Analisis rasio keuangan dalam memprediksi kondisi financial distress (studi pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia tahun 2011-2015)
P Penelitian ini bertujuan untuk mengetahui dan menganalisis pengaruh profitabilitas, solvabilitas, likuiditas dan aktivitas terhadap financial distress pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia periode selama 5 tahun (2011-2015).Penelitian ini menggunakan 75 sampel dari 133 perusahaan populasi perusahaan manufaktur. Sedangkan tehnik pengambilan sampel yang digunakan dalam penelitian ini adalah purposive sampling yaitu tipe pemilihan sampel secara acak yang diperoleh dengan menggunakan pertimbangan tertentu. Metode analisis yang digunakan adalah analisis regresi logistik.Hasil penelitian ini menunjukkan bahwa profit margin (profitabilitas) tidak berpengaruh terhadap financial distress, return on assets (profitabilitas) berpengaruh negatif terhadap financial distress, debt to assets ratio dan current liabilities to assets ratio (solvabilitas) berpengaruh positif terhadap financial distress, current ratio (likuiditas) tidak berpengaruh terhadap financial distress, current assets to total assets ratio berpengaruh negatif, sales to total assets ratio dan sales to current assets ratio (aktivitas) berpengaruh negatif terhadap financial distress.
T The purpose of this study is to analyze the effect of the financial ratios of profitability, solvency, liquidity and activity ratios in predicting financial distress on manufacturing company in the Indonesian Stock Exchange period during five years (2011-2015).This study uses a sample of the population of 75 companies from 133 companies of the manufacturing company population. While sampling using purposive sampling is the selection of the type of random sample obtained by using certain considerations. Methods of data analysis using logistic regression analysis.The results showed that profit margin (profitability) have no effect on financial distress and return on assets (profitability) have a significant and negative effect on financial distress, debt to assets ratio and current liabilities to assets ratio (solvency) have a significant and positive effect on financial distress, current ratio (liquidity) have no effect on financial distress, current assets to total assets ratio (liquidity) have a significant and negative effect on financial distress, sales to total assets ratio and sales to current assets ratio (activity ratios) have a significant and negative effect on financial distress.