Indikator Makroekonomi dan Rasio Keuangan Perusahaan dalam Memprediksi Financial Distress

Dian Oktarina

Abstract


In 2015, the performance of the textile and garment industry declined by 4.79% due to the global economic crisis which caused the textile and garment industry to experience a continuous deficit which is a sign that the company is experiencing financial distress. This condition can be recognized early if the financial statements and macroeconomic conditions are carefully analyzed. The purpose of this study is to determine the macroeconomic indicators and financial ratios of companies in predicting financial distress. Data sampling in this article be taken from textile and garment industry which listed in Indonesian Stock Exchange. Macroeconomic indicators used are lending rate, consumer price index, JCI, inflation, and exchange rate IDR / USD. The financial ratios used are debt equity ratio, total asset turnover ratio, current ratio, quick ratio, working capital ratio, and net income to total assets ratio, and cash ratio. This research used logistic regression analysis. The results indicate that the current ratio and quick ratio can be used to predict financial distress. The next research can use other sector or using all sectors company listed on the Indonesia Stock Exchange.


Keywords


Financial Distress;Current Ratio;Quick Ratio

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DOI: 10.14414/tiar.v7i2.1383

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