ANALISIS FINANSIAL DISTRESS DENGAN MODEL ALTMAN Z-SCORE

Abstract

This study aims to determine the Financial Distress Analysis with the Altman Z-Score Model in Islamic Commercial Banks in Indonesia 2015-2019. Alman Z-Score in this study uses indicators of the ratio of working capital to total assets, retained earning to total assets, ratio of earning before interest and tax to total assets, and the ratio of book value equity to total liabilities. The study took a sample of Islamic banking registered at Bank Indonesia. The sampling method was nonprobability, and the sampling technique used purposive sampling. Data was collected using secondary data, namely in the form of annual financial reports obtained from the official website of Bank Indonesia, namely www.bi.go.id. The number of company lists that were processed was 54 companies, and the number of samples that met the criteria of this study was 14 banks so that 70 observational data were obtained. This study uses multiple linear regression as data analysis.