Pengaruh Rasio Likuiditas, Rasio Profitabilitas, Rasio Rentabilitas Ekonomi dan Rasio Leverage terhadap Prediksi Financial Distress (Suatu Studi pada Perusahaan Transportasi di Bursa Efek Indonesia)

Abstract

The purpose of this research is to know the influence of liqudity ratio, profitability ratio, economic rentability ratio and leverage ratio either partially or simultaneously toward financial distress prediction in the transportation companies on the Indonesia Stock Exchange. This research is classified as causal research with 16 transportation firms listed in Indonesia Stocks Exchange during 2012 to 2014. This study uses a Altman financial ratio with Z-Score value to prediction of financial distress clasification in healty, grey area or financial distress condition. The sample selection using purposive sampling method. This research utilizes external data, those are taken from the website www.idx.co.id. Data which have already collected are processed with classic assumption test before hypothesis test. The statistic method that’s used in multiple regression analysis. The result of this research show that, simultaneously influence the liquidity ratio, profitability ratio, economic rentability ratio and leverage ratio have a positive significant effect on financial distress prediction in the transportation companies. Partially influence the liquidity ratio have a positive significant effect on financial distress, influence the profitability ratio have a positive significant effect on financial distress, influence the economic rentability ratio have a positive significant effect on financial distress, influence the leverage ratio have a positive significant effect on financial distress.