Financial Distress in Indonesian Property and Real Estate Companies: A Case Study from 2020–2023

This study aims to investigate the effect of leverage, company size and cash flow on financial distress. This study examined 92 real estate and property companies in the IDX from 2020 to 2023. For the sampling purpose, a sample of 43 companies was selected according to predetermined criteria. The data analysis method used is multiple linear regression analysis. The results show that income and income are related to financial stress. At the same time, size has no significant effect on financial stress. Leverage, size and cash flow simultaneously affect financial stress. It serves as early warning of financial stress for companies, early prevention information and evaluation information to improve financial performance. Future researchers can use other indicators to measure financial stress, other educational factors and other variables that may affect financial stress.