Financial distress analysis uses the modified Altman z-score method at PT. Prasidha Aneka Niaga Tbk for the 2019-2021 period
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Abstract
The purpose of this study was to determine the financial condition of Perum Perumnas Regional-1 Medan using the Altman Z-score method. The data analysis technique used in this study was descriptive analysis technique, namely collecting data, classifying data, explaining data and analyzing data. The results of the study show that with the Altman Z-score method, companies experience financial distress every year.
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How to Cite
Seleky, R., Christianty, R., & Latuconsina, Z. (2024). Financial distress analysis uses the modified Altman z-score method at PT. Prasidha Aneka Niaga Tbk for the 2019-2021 period. ProBisnis : Jurnal Manajemen, 15(2), 189–192. Retrieved from http://ejournal.joninstitute.org/index.php/ProBisnis/article/view/461
References
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Dirman, A. (2020). Financial distress: the impacts of profitability, liquidity, leverage, firm size, and free cash flow. International Journal of Business, Economics and Law, 22(1), 17–25.
Dirman, A. (2021). Determining variables of financial distress. International Journal of Management Studies and Social Science Research, 3(3), 254–262.
George, G., Haas, M. R., McGahan, A. M., Schillebeeckx, S. J. D., & Tracey, P. (2023). Purpose in the for-profit firm: A review and framework for management research. Journal of Management, 49(6), 1841–1869.
Koval, V., Mikhno, I., Udovychenko, I., Gordiichuk, Y., & Kalina, I. (2021). Sustainable natural resource management to ensure strategic environmental development.
Ledley, F. D., McCoy, S. S., Vaughan, G., & Cleary, E. G. (2020). Profitability of large pharmaceutical companies compared with other large public companies. Jama, 323(9), 834–843.
Macchiavello, R., & Morjaria, A. (2022). Acquisitions, Management, and Efficiency in Rwanda’s Coffee Industry. National Bureau of Economic Research.
Mansournia, M. A., Waters, R., Nazemipour, M., Bland, M., & Altman, D. G. (2021). Bland-Altman methods for comparing methods of measurement and response to criticisms. Global Epidemiology, 3, 100045.
Moch, R., Prihatni, R., & Buchdadi, A. D. (2019). The effect of liquidity, profitability and solvability to the financial distress of manucatured companies listed on the Indonesia stock exchange (IDX) period of year 2015-2017. Academy of Accounting and Financial Studies Journal, 23(6), 1–16.
Munira, M., Satria, I., & Ayun, I. Q. (2021). The Effectiveness of The Altman Z-Score and Springate Methods in Analyzing The Potential for Company Bankruptcy. International Journal of Business and Technology Management, 3(1), 63–78.
Permada, D. N. R., & Sari, P. (2024). The effect of current ratio and debt to equity ratio on return on equity at PT. Timah Tbk. Journal of Economics and Business Letters, 4(1), 43–53.
Purba, M. N., Sinurat, E. K. B., Djailani, A., & Farera, W. (2020). The Effect of Current Ratio, Return on Assets, Total Asset Turnover and Sales Growth on Capital Structure in Manufacturing Company. International Journal of Social Science and Business, 4(3), 489–500.
Dirman, A. (2020). Financial distress: the impacts of profitability, liquidity, leverage, firm size, and free cash flow. International Journal of Business, Economics and Law, 22(1), 17–25.
Dirman, A. (2021). Determining variables of financial distress. International Journal of Management Studies and Social Science Research, 3(3), 254–262.
George, G., Haas, M. R., McGahan, A. M., Schillebeeckx, S. J. D., & Tracey, P. (2023). Purpose in the for-profit firm: A review and framework for management research. Journal of Management, 49(6), 1841–1869.
Koval, V., Mikhno, I., Udovychenko, I., Gordiichuk, Y., & Kalina, I. (2021). Sustainable natural resource management to ensure strategic environmental development.
Ledley, F. D., McCoy, S. S., Vaughan, G., & Cleary, E. G. (2020). Profitability of large pharmaceutical companies compared with other large public companies. Jama, 323(9), 834–843.
Macchiavello, R., & Morjaria, A. (2022). Acquisitions, Management, and Efficiency in Rwanda’s Coffee Industry. National Bureau of Economic Research.
Mansournia, M. A., Waters, R., Nazemipour, M., Bland, M., & Altman, D. G. (2021). Bland-Altman methods for comparing methods of measurement and response to criticisms. Global Epidemiology, 3, 100045.
Moch, R., Prihatni, R., & Buchdadi, A. D. (2019). The effect of liquidity, profitability and solvability to the financial distress of manucatured companies listed on the Indonesia stock exchange (IDX) period of year 2015-2017. Academy of Accounting and Financial Studies Journal, 23(6), 1–16.
Munira, M., Satria, I., & Ayun, I. Q. (2021). The Effectiveness of The Altman Z-Score and Springate Methods in Analyzing The Potential for Company Bankruptcy. International Journal of Business and Technology Management, 3(1), 63–78.
Permada, D. N. R., & Sari, P. (2024). The effect of current ratio and debt to equity ratio on return on equity at PT. Timah Tbk. Journal of Economics and Business Letters, 4(1), 43–53.
Purba, M. N., Sinurat, E. K. B., Djailani, A., & Farera, W. (2020). The Effect of Current Ratio, Return on Assets, Total Asset Turnover and Sales Growth on Capital Structure in Manufacturing Company. International Journal of Social Science and Business, 4(3), 489–500.