CD Tesis
Analisis Keberlanjutan Usaha Perusahaan Perkebunan Yang Terdaftar Pada Bursa Efek Indonesia (BEI)
This research aims to analyze the ratio of profitability, liquidity, leverage, activity of agriculture sector companies, analyze the level of financial distress in agriculture sector companies and Analyze the effect of profitability ratio, liquidity, leverage, corporate activity on financial distress. to view the profitability ratio the parameter used is Return on Equtiy, to see the liquidity ratio value of the parameter used is Current Ratio, to see the leverage parameter used is Debt to Equity Ratio, to see the activity of the company parameters used namely total asset turnover ratio. To analyze the financial level of distress used altman parameters Z-Score. Then to see the effect of the financial ratio to the value of Altman Z-Score used analysis of the regression data panel. Sample data from as many as 14 plantation companies can be examined.
The results showed that of the 14 companies there were 3 companies with Altman Z-Score values showing high financial distress rates and 3 companies with Altman Z-Score values showing low financial distress rates, to influence the value of the financial ratio to the value of Altman Z-Score ratio value Return on Equity, Current Ratio, Debt to Equtiy Ratio, Total Asset Turnover Ratio Signifikant at alpha level 5%. Return on Equity ratio value, Current Ratio, Total Asset Turnover Ratio positively affect altman Z-Score value and Debt to Equity Ratio value negatively affect Altman Z-Score value.
Key Words : Financial Distress, agriculture, finance
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