ANALISIS FINANCIAL DISTRESS PADA PERUSAHAAN MANUFAKTUR SUB SEKTOR MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) PERIODE 2017-2021

Abstract

Purpose – This research aims to determine and analyze financial distress in food and beverage companies 2017-2021. Design/methodology/approach – The type of data used in this research is Secondary Data which is a data collection method in this research using documentation methods and looking at the data of each company with the aim of obtaining data that can support research on food and beverage sub-sector companies in the 2017- 2021 period. This data was obtained from financial reports in the Food and Beverage sector listed on the Indonesia Stock Exchange in the 2017-2021 period which met the research sample criteria, and analyzed using the Altman Z-Score method and the Springate method. Findings – The research results show that based on the Altman ZScore method, there are 94 food and beverage companies in the healthy category, 45 food and beverage companies in the gray area category, and 3 food and beverage companies in the bankrupt category. Based on the results of the Springate method, it shows that there are 107 food and beverage companies in a healthy condition, and there are 64 food and beverage companies in the bankrupt category