Analisis financial distress dan kebangkrutan dengan model Springate pada kelompok perusahaan JAKARTA ISLAMIC INDEX (JII) periode: 2013 – 2017

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Global economic growth in 2017 was characterized by quite positive macroeconomic conditions because it was supported by high capital and adequate liquidity to be able to anticipate the occurrence of risks and support business expansion, but tended to be stagnant towards the growth of industrial business. Based on the financial statements published by the IDX, researchers see that in the period of 2013 – 2017 research there were several companies that were consistently listed in the Jakarta Islamic Index (JII) group of companies which experienced a decrease in net income and even increased net loss over the past few years. Given the bankruptcy of a company characterized by financial difficulties (financial distress), if these conditions are not handled properly, then bankruptcy or liquidation will occur. Based on this, it is possible for companies to anticipate this by conducting financial health prediction analysis, one of which uses the Springate model prediction analysis (S-Score). This research aiming to know and analyze health condition of the company based on the magnitude of predictive value using financial ratios in the Springate model. The research method used is analysis descriptive method with a quantitative approach, the research population is all companies listed on JII which number 30 companies. The sampling technique uses purposive sampling. The analysis technique used is the analysis of financial statements with the Springate model (S – Score) which aims to find out companies that experience financial distress and bankruptcy. The results of the study showed that there were several companies in 2013 and 2014 that were experiencing bankruptcy namely 16.67%, then experience enhancement to 26.67% in 2016, and the most significant occurred in 2015 and 2017, namely 30.00%.

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