<![CDATA[This study aims to analyze the effect of Asset Structure, Leverage, and Firm Size on Financial Distress among infrastructure companies listed on the Indonesia Stock Exchange during 2021–2025. This study employs a quantitative approach with a causal research design. The data used are secondary data obtained from companies’ annual financial reports through the Indonesia Stock Exchange, official company websites, and Stockbit Sekuritas. The population consists of 71 infrastructure companies listed on the Indonesia Stock Exchange during the study period. The sampling technique used is purposive sampling, resulting in 18 companies as the research sample. Financial Distress is measured using the Modified Altman Z-Score model, Asset Structure is measured by the ratio of fixed assets to total assets, Leverage is proxied by the Debt to Asset Ratio (DAR), while Firm Size is measured using the natural logarithm of total assets. Data analysis was conducted using multiple linear regression with IBM SPSS Statistics version 27 through descriptive statistical analysis, classical assumption tests, t-test, F-test, and coefficient of determination. The results show that Asset Structure, Leverage, and Firm Size significantly affect Financial Distress. The findings imply that companies should optimize fixed asset utilization to generate adequate revenue and cash flow. Management should also regularly evaluate asset productivity and improve investment efficiency in financial decision-making.]]>
Copyrights © 2026
