ANALISIS RASIO KEUANGAN UNTUK MEMPREDIKSI KESULITAN KEUANGAN (STUDI EMPIRIS PERUSAHAAN MANUFKTUR GO PUBLIK)

Abstract

This research is about Financial Ratio to predict Financial distress. The purpose of this research is to identify financial ratios able to be used to predict financial distress of a firm. The sample of this research consist of 281 distress firms and 130 non-distress firms, it is chosen by purposive sampling. The dependent variable is financial distress firms and the independent variable is financial ratio (profitability ratio, liquidity ratio, financial leverage ratio, operation efficiency ratio, cash position ratio and growth) The statistic method which is used to test on the research hypothesis is logistic regression. It is hypothised that financial ratio can use to predict financial distress firms. The result show that profitability ratio, financial leverage ratio, operation efficiency ratio and cash position ratio is a significant variable to predict financial distress firms.