The Influence of Return On Assets, Current Ratio and Debt To Asset Ratio On Financial Distress at PT Hero Supermarket Tbk Period 2008 to 2022
This study aims to determine the effect of Return On Asset, Current Ratio, and Debt to Asset Ratio on Financial Distress Prediction using the Altman Z-Score Model. The research method used is an associative descriptive method with a quantitative approach. Data from the financial statements of PT Hero Supermarket Tbk 2008- 2022. Hypothesis testing using the SPSS v29 program, the results Return On Asset Tcount 2.671> Ttable 2.201 significant level 0.022 <0.05, Current Ratio Tcount -2. 822> Ttable 2.201 significant level 0.017 <0.05, Debt to Asset Ratio Tcount - 3.422> Ttable 2.201 significant level of 0.006 <0.05, obtained the results of Fcount of 6.512> Ftable of 3.59, significant level of 0.009 <0.05. Return On Asset has a significant effect, Current Ratio has a significant negative effect, Debt to Asset Ratio has a significant negative effect. Return On Asset, Current Ratio, and Debt to Asset Ratio effect on Financial Distress simultaneously.
Authors
- Iman Lubis (ORCID: https://orcid.org/0000-0002-6883-8681)
- Aina Salsabila Addira
Institutions
- Universitas Pamulang (ID)
Publication Details
- Journal
- Indonesian Financial Review
- Published
- 2024-09-08
- DOI
- https://doi.org/10.55538/ifr.v4i1.32
- Primary Topic
- Financial Analysis and Corporate Governance
- Type
- article
- Field-Weighted Citation Impact
- 0.00