ANALISIS FINANCIAL DISTRESS MENGGUNAKAN MODEL ALTMAN Z -SCORE DAN SPRINGATE PT BINAKARYA JAYA ABADI, Tbk PERIODE 2016-2020

Siana Ria ; Muhlis Muhlis ; Heru Satria Rukmana ; Fitriyani Fitriyani
Economicus : Jurnal Ekonomi dan Manajemen 📅 2023 Vol 14, No 1 🔗 DOI: 10.47860/economicus.v14i1.32
Abstract
This research is about financial distress analysis using the Altman Z Score and Springate models to predict financial distress in property companies, especially PT Binakarya Jaya Abadi, Tbk for the 2016-2020 period. The results of this analysis are two results obtained from the Altman Z model Score and Springate. The results of the prediction of financial distress are for the Altman Z-Score model in 2016 to obtain a ratio of 2.7470 indicating a prediction of not going bankrupt, in 2017 obtaining a ratio of 3.8066 indicating a prediction of not going bankrupt, in 2018 obtaining a ratio of 3.5711 indicating prediction of not going bankrupt, in 2019 obtaining a ratio of 3.2854 indicating a prediction of not going bankrupt and in 2020 obtaining a ratio of 0.6885 indicating a prediction of bankruptcy. Whereas for the Springate model in 2016 it obtained a ratio of 0.3999 indicating a prediction of bankruptcy, in 2017 it obtained a ratio of 0.5862 indicating a prediction of bankruptcy, in 2018 it obtained a ratio of 0.5526 indicating a prediction of bankruptcy, in 2019 it obtained a ratio of 0 .4408 indicates a prediction of bankruptcy and in 2020 obtains a ratio of 0.0292 indicating a prediction of bankruptcy.
Keywords
Financial Distress; Altman Z-score Model; Springate
How to Cite

Siana Ria, et al. (2023). ANALISIS FINANCIAL DISTRESS MENGGUNAKAN MODEL ALTMAN Z -SCORE DAN SPRINGATE PT BINAKARYA JAYA ABADI, Tbk PERIODE 2016-2020. Economicus : Jurnal Ekonomi dan Manajemen, 14(1). https://doi.org/10.47860/economicus.v14i1.32

Siana Ria; Muhlis Muhlis; Heru Satria Rukmana; Fitriyani Fitriyani, "ANALISIS FINANCIAL DISTRESS MENGGUNAKAN MODEL ALTMAN Z -SCORE DAN SPRINGATE PT BINAKARYA JAYA ABADI, Tbk PERIODE 2016-2020," Economicus : Jurnal Ekonomi dan Manajemen, vol. 14, no. 1, 2023.

Siana Ria; Muhlis Muhlis; Heru Satria Rukmana; Fitriyani Fitriyani. "ANALISIS FINANCIAL DISTRESS MENGGUNAKAN MODEL ALTMAN Z -SCORE DAN SPRINGATE PT BINAKARYA JAYA ABADI, Tbk PERIODE 2016-2020." Economicus : Jurnal Ekonomi dan Manajemen, vol. 14, no. 1, 2023.

Siana Ria; Muhlis Muhlis; Heru Satria Rukmana; Fitriyani Fitriyani. "ANALISIS FINANCIAL DISTRESS MENGGUNAKAN MODEL ALTMAN Z -SCORE DAN SPRINGATE PT BINAKARYA JAYA ABADI, Tbk PERIODE 2016-2020." Economicus : Jurnal Ekonomi dan Manajemen 14, no. 1 (2023).

Siana Ria, et al. (2023) 'ANALISIS FINANCIAL DISTRESS MENGGUNAKAN MODEL ALTMAN Z -SCORE DAN SPRINGATE PT BINAKARYA JAYA ABADI, Tbk PERIODE 2016-2020', Economicus : Jurnal Ekonomi dan Manajemen, 14(1). doi: 10.47860/economicus.v14i1.32.

Siana Ria; Muhlis Muhlis; Heru Satria Rukmana; Fitriyani Fitriyani. ANALISIS FINANCIAL DISTRESS MENGGUNAKAN MODEL ALTMAN Z -SCORE DAN SPRINGATE PT BINAKARYA JAYA ABADI, Tbk PERIODE 2016-2020. Economicus : Jurnal Ekonomi dan Manajemen. 2023;14(1).

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