Determinan Financial Distress Pada Perusahaan Pembiayaan yang Terdaftar di Bursa Efek Indonesia

Abstract

This study aims to determine the effect of liquidity ratios, leverage ratios, activity ratios and company size on financial distress in finance companies listed on the Indonesia Stock Exchange. This research is an associative quantitative study using a purposive sample of 36 financial statements of finance companies listed on the Indonesia Stock Exchange in 2017-2020, the data analysis method used is panel data regression. The results of this study indicate that the liquidity ratio (CR) has a significant effect on financial distress, the leverage ratio (DAR) has a significant effect on financial duatress, activity ratio (TATO) has a significant effect on financial distress, profitability ratio (ROA) and firm size have no effect on financial distress, and simulaneusly the liquidity ratio (CR). Profitability (ROA), leverage ratio (DAR), activity ratio (TATO) and firm size effect financial distress.