Pengaruh Likuiditas, Leverage Arus Kas Operasi dan Sales Growth terhadap Financial Distress
Daftar Isi:
- Financial distress can be caused by internal and external factors. Internal factors occur because of professional mistakes committed by company managers and external factors occur because the competitive conditions are very capitalistic, companies that have very large capital are able to survive even though they only get a relatively small profit margin. This study aims to determine the effect of liquidity, leverage, operating cash flow, sales growth on financial distress in manufacturing companies listed on the Indonesia Stock Exchange in 2017-2019. This study uses the measurement of current ratio, Debt to asset ratio, Operating Cash Flow Ratio, and Sales Growth. The sample was selected based on purposive sampling technique, there are 138 companies that meet the criteria for research. The method of analysis used logistic regression. The results show that leverage has a positive effect on financial distress, while liquidity, operating cash flow and sales growth have a negative effect on financial distress.