ANALISIS FINANCIAL DISTRESS PADA PT. WIJAYA KARYA DAN PT. ADHI KARYA YANG TERDAFTAR SEBAGAI PERUSAHAAN BUMN INDONESIA

Jurnal Bina Akuntansi

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Title ANALISIS FINANCIAL DISTRESS PADA PT. WIJAYA KARYA DAN PT. ADHI KARYA YANG TERDAFTAR SEBAGAI PERUSAHAAN BUMN INDONESIA
 
Creator Darmawan, Presly
 
Description This study aims to provide empirical evidence related to the potential for financial distress experienced by State-Owned Enterprises. Through this research, a description of the potential financial distress experienced by PT Wijaya Karya (Persero) Tbk and PT Adhi Karya (Persero) Tbk can be obtained during the period 2010 - 2019. The Financial distress prediction model uses the Altman Model (Z-Score) and Springate Model (S-Score). The results show that from 2010 – 2019, PT Wijaya Karya (Persero) Tbk is still in a healthy condition so that the possibility of going bankrupt is very small. However, year by year, the condition of PT Wijaya Karya (Persero) Tbk is still in a gray condition where in this condition the company is prone to bankruptcy and experiencing financial problems that must be handled by the company's management appropriately. Meanwhile, PT Adhi Karya (Persero) from 2010 – 2019 showed the potential for financial distress which was strengthened by an unhealthy balance sheet because most of the funding sources came from debt. This study shows that the potential for financial distress arises because of a shift in government policy in development
 
Publisher Sekolah Tinggi Ilmu Ekonomi Wiyatamandala
 
Date 2022-01-10
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://wiyatamandala.e-journal.id/JBA/article/view/198
10.52859/jba.v9i1.198
 
Source Jurnal Bina Akuntansi; Vol 9 No 1 (2022): Jurnal Bina Akuntansi Volume 9 Nomor 1 Januari Tahun 2022; 94-106
2656-9515
2338-1132
10.52859/jba.v9i1
 
Language eng
 
Relation https://wiyatamandala.e-journal.id/JBA/article/view/198/150
 
Rights Copyright (c) 2022 Presly Darmawan
http://creativecommons.org/licenses/by/4.0
 

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