JRK Vol. 2 No. 3 September 2024 ANALISIS FINANCIAL DISTRESS BERDASARKAN METODE ALTMAN Z-SCORE, SPRINGATE DAN ZMIJEWSKI PADA PERUSAHAAN SUB SEKTOR ROKOK YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2018-2022

Abstrak

This study aims to determine whether the cigarette sub-sector companies listed on the Indonesia Stock Exchange (IDX) for the 2018-2022 period are experiencing financial distress based on the Altman Z-score, Springate and Zmijewski methods. The type of research used in this research is quantitative descriptive research. The research sample was determined using a purposive sampling technique where from 5 (five) populations it became 4 (four) samples after categorizing, namely there were GGRM, HMSP, WIIM and RMBA companies. The results of the analysis and discussion showed that of the 4 (four) sub-sector companies for the 2018 period -2021 there is 1 company, namely RMBA which is in the financial distress category based on the altman z-score and springate methods in 2022 is in the gray area category based on the altman z-score method and on the zmijewski method all companies in the 2018-2022 period are in no condition financial difficulties (non-financial distress)