ANALISIS RASIO KEUANGAN UNTUK MEMPREDIKSI FINANCIAL DISTRESS PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR PADA BURSA EFEK INDONESIA PERIODE 2011-2016
Kata Kunci:
Current Ratio, Cash Ratio, Return On Equity Ratio, Return On Asset Ratio, Debt Equity Ratio, Debt Ratio, Financial DistressAbstrak
The purpose of this research is to see the financial ratios that provide an overview of the occurrence of financial distress conditions in Manufacturing companies listed on the Indonesia Stock Exchange period 2012-2016. The sampling method used is quota sampling. The sample of this research was 30 companies consisting of 15 financial distress category companies which were marked with negative net income for two consecutive years, and 15 non-financial distress category companies or healthy companies.
The variables used are current ratio, cash ratio, return on equity ratio, return on asset ratio, debt equity ratio, and debt ratio as the independent variable and financial distress as the dependent variable. The data collection method used is the data analysis method. The data used are in the form of financial statements of manufacturing companies that have been audited in 2012-2016. This research uses multiple regression analysis methods. As a tool in the processing of statistical data, it uses SPSS 22 program.
The results show that: first, the variable current ratio has no significant effect on the financial distress condition of the manufacturing company. From the calculation results it is obtained tvalue (-0.574) < ttable (1.97669) so H0 is accepted and H1 is rejected. Second, the variable cash ratio has no significant effect on the financial distress condition of the manufacturing company. From the calculation results it is obtained tvalue (-0.743) < ttable (1.97669) so H0 is accepted and H1 is rejected. Third, the variable return on equity ratio has no significant effect on the financial distress condition of the manufacturing company. From the calculation results it is also obtained tvalue (-0.1474) < ttable (1.97669) so H0 accepted and H1 rejected. Fourth, the variable return on asset ratio has a significant effect on the financial distress condition of the manufacturing company. From the calculation results it is obtained tvalue (4.356)> ttable (1.97669) so H0 rejected and H1 accepted. Fifth, variables of debt-equity ratio have no significant effect on the financial distress of the company. From the calculation results it is obtained tvalue (1,237) < ttable (1.97669) so H0 accepted and H1 rejected. Sixth, debt ratio variables have no significant effect on the financial distress of the company. From the calculation results it is also obtained tvalue (-0.570) < ttable (1.97669) so H0 accepted and H1 rejected.
