Pengaruh Rasio Keuangan Terhadap Financial Distress pada Industri Food And Beverage di Bursa Efek Indonesia Periode 2017-2019

Abstract

This study aims to determine the effect of profitability, leverage, liquidity, and cash flow on financial distress. This study uses a logistic regression data analysis method with the help of the SPSS version 21 program. The population in this study were 19 food and beverage companies on the Indonesia Stock Exchange (BEI) from 2017-2019. The data used in this study is secondary data obtained from financial reports published by the company from the website (www.idx.co.id). The sample was determined by the purposive sampling method, which is based on the criteria set and obtained as many as 19 companies where the research was conducted for 3 years so that 57 samples were obtained consisting of 15 companies that experienced financial distress and 42 companies that were non-distressing. The results of this research indicate that profitability, leverage and liquidity have no effect on financial distress while cash flow variables have an effect on financial distress. The results of this research are expected to be additional consideration in making company decisions in managing the company in order to avoid financial distress. And can be additional information for users of financial statements for consideration of investment decisions

The Effect of Leverage, Total Assets Turnover, and Profitability on Financial Distress in Food and Beverage Subsector Companies on the IDX

“…Increased debt, if not followed by an increase in financial burden, will still generate profits and keep the business safe from financial distress. The results of this study are supported by the research of (Nurhayati et al, 2021;Carolina et al, 2018) which show that leverage proxied through DAR has no effect on financial distress. However, the findings of this study contradict the research of (Wijaya & Suhendah, 2023;Chalid et al, 2022;Aullia & Lisiantara, 2023).…”

Faktor-Faktor yang Mempengaruhi Terjadinya Financial Distress:

“…Likuiditas merupakan ukuran kesediaan perusahaan untuk melunasi hutang yang sempit dan membiayai atau mendukung transaksi komersial (Jannah et al, 2021). Rasio likuiditas menekankan bahwa kapan pun saham yang mendasari dapat memenuhi komitmennya yang ketat dengan tepat, kemungkinan utang yang melumpuhkan berkurang (Nurhayati et al, 2021). Perusahaan dengan kuantitas likuiditas yang rendah berada dalam keadaan tidak sehat, yang menandakan bahwa bisnis tersebut berada dalam situasi tidak likuid.…”

Determinan Financial Distress: Kasus Perusahaan Garmen & Tekstil Yang Terdaftar Di Bursa Efek Indonesia Sebelum Dan Setelah Covid-19

“…Aminar Sutra Dewi (2022), dan Sopiyati (2021) yang menyatakan bahwa semakin tinggi tingkat profitabilitas maka semakin besar peluang financial distress. Selain itu, Aminar Sutra Dewi (2022), Christon Simanjuntak (2017), Dwi Nurhayati (2021, Gabriella Gian Pitaloka (2022), dan Wahyu widarjo (2009) menyatakan bahwa tidak ada pengaruh sama sekali rasio profitabilitas terhadap financial distress.…”