JIMFE (Jurnal Ilmiah Manajemen Fakultas Ekonomi)
Vol 6, No 1 (2014): Vol 6, No 1 (2014)

PENGARUH LIKUIDITAS, SOLVABILITAS, DAN PROFITABILITAS UNTUK MENGETAHUI KONDISI KEUANGAN YANG BERDAMPAK TERHADAP PREDIKSI FINANCIAL DISTRESS PADA PT BAKRIE & BROTHERS, TBK DAN ANAK PERUSAHAAN

Patar Simamora (Dosen Tetap Fakultas Ekonomi Universitas Pakuan)
Muhamad Haerudin (Mahasiswa Fakultas Ekonomi Universitas Pakuan)



Article Info

Publish Date
27 Mar 2018

Abstract

ABSTRACTFinancial distress is a condition experienced by the company caused by severalfactors, namely liquidity, solvency, and profitability. This study was conducted to determinethe effect of liquidity, solvency, and profitability of the financial distress prediction inPT.Bakrie Brothers, Tbk and subsidiaries as a result of inability of the company to pay offdebt and suffered losses several times in the period 2003-2012. The results showed liquidity,solvency, and profitability in poor condition. This condition is reinforced by the results of theanalysis by using EVA, MVA, and Z”-Scores methods. Hypothesis testing using the F testshows F count F table (8,583 2,866) means liqudity, solvency, and profitabilitysimultaneously affect the prediction of finacial distress. While testing the hypothesis using thet test showed the value of the current ratio (2,359 2,028) and debt to total assets ratio(4,730 2,028) where t count t table which means the effect on the interest covarege ratio,meanwhile for the return on invesment –t count -t table (-1,150 -2,028), which meansaffect too the interest covarage ratio.Keywords : Liquidty, Solvency, Profitability, Financial Distress, Current Ratio, Debt ToTotal Assets Ratio, Return On Invesment, Interest Covarage Ratio.

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Journal Info

Abbrev

jimfe

Publisher

Subject

Economics, Econometrics & Finance

Description

JIMFE (Jurnal Ilmiah Manajemen Fakultas Ekonomi) is a peer-reviewed journal published by Faculty of Economics and Business, Universitas Pakuan. JIMFE aims to publish high-quality research in management field including: Human Resource Management, Financial Management, Marketing Management, ...