ANALISIS PENGARUH RASIO PROFITABILITAS, RASIO LIKUIDITAS, RASIO LEVERAGE DAN RASIO AKTIVITAS TERHADAP FINANCIAL DISTRESS

Abstract

The research aims to analyze the effect of profitability ratios proxied by Return On Assets (ROA), leverage ratios proxied by Debt to Asset Ratio (DAR), liquidity ratios proxied by Current Ratio (CR) and activity ratios proxied by Total Asset Turnover (TATO) on the prediction of financial distress in hotel, restaurant and tourism sub-sector service companies registered on the IDX for the 2018-2022 period as many as 10 companies. The criteria for financial distress in this research are measured using the Interest Coverage Ratio (ICR) with a criteria value of less than one. The analytical tool used in this research is the Logistic Regression method. The population and sample used are 10 hotel, restaurant and tourism sub-sector service companies listed on the IDX for the 2018 – 2022 period. The research results show that profitability ratios influence the prediction of financial distress. Meanwhile, the leverage ratio, liquidity ratio and activity ratio have no effect on the prediction of financial distress