Analisis Financial Distress dengan Metode Altman Z-Score dan Springate
| Main Authors: | Huldan, Gendracahya Hatrani, Rachmat, Basuki, Sri Susilowati, Kartika Dewi |
|---|---|
| Format: | Article info Journal |
| Terbitan: |
Jurusan Akuntansi Politeknik Negeri Malang
, 2017
|
| Online Access: |
http://jmam.polinema.ac.id/index.php/jmam/article/view/60 |
Daftar Isi:
- The purpose of this study was to analyze the potential of financial distress of Property and Real estate Services Sector Companies Listed on the Indonesia Stock Exchange in the Period 2010-2014 using Altman Z-Score method and Springate (S-Score) method. The research data were secondary data obtained from the companies’ financial statements of property and real estate companies listed on the Indonesia Stock Exchange. The data analysis was carried out using two methods of Altman Z-Score and Springate (S-Score). Results revealed that there were fifteen companies stated in a healthy condition, and five companies were experiencing financial distress. The results of analysis using springate (S-Score) known showed that there were thirteen companies that encountered a potential state of bankruptcy, and seven companies expressed in a healthy condition. Overall after the calculation the level of accuracy and weighting, there were five companies experiencing financial distress namely PT. Alam Sutera Realty, PT. Bumi Citra Permai, PT. Bakrieland Development, PT. Modernland Realty and PT. Indonesia Prima Property, while fifteen companies expressed in a healthy condition.