ANALISIS POTENSI KEBANGKRUTAN PERUSAHAAN MENGGUNAKAN METODE ALTMAN Z-SCORE PADA SEKTOR PROPERTI & REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2020-2024

Nisa Siti Al Hadawiah (Universitas Djuanda, Bogor, Indonesia)
Andy Lasmana (Universitas Djuanda, Bogor, Indonesia)
Yoyok Priyo Hutomo (Universitas Djuanda, Bogor, Indonesia)

Jurnal Riset Ilmu Akuntansi
Vol. 6 No. 2 (2025): Volume 6 Nomor 2 Tahun 2025: September 2025

Using the Altman Z-Score model, this study attempts to evaluate the bankruptcy risk of real estate and property companies listed on the Indonesia Stock Exchange (IDX) over the 2020–2024 timeframe. Purposive sampling was used to choose 280 analytical units from 56 businesses. According to the findings, 39 businesses are in the safe zone, 10 are in the gray area, and 7 are in the distress zone. This study adds to the body of knowledge on bankruptcy analysis, aids in corporate risk management, acts as a resource for investors, and gives policymakers information on how to preserve housing supply and economic stability. With the most recent data from 2020–2024, the Altman Z-Score model is the only one used in this study.