Risiko Keuangan Dan Tingkat Kesehatan Perusahaan Dengan Metode Altman Z-Score

Abstract

Every business activity always contains risk. Financial risk (financial risk) is all forms of decisions related to finance that cause losses. This study aims to examine the effect of financial risk on the company's health level with the Altman Z score method. The population of this study is all issuers of the consumer goods industry listed on the Indonesian stock exchange for the period 2015 – 2019. The sampling technique used in this study is the purposive sampling method. The variables used in this study, the Independent Variable Current Ratio (X1) = Current Assets/Current Debt, Debt to Asset Ratio (X2) = Total Debt/Total Assets. The dependent variable used in this research is Altman's Z score (Y), Variable Y is a categorical variable, namely, 0 for companies that are prone (unhealthy) and at risk of bankruptcy, while 1 is for companies that are in a healthy category. From this research, it can be said that the current ratio variable has no significant effect on the company's level of health on the issuer's consumer goods, while the debt asset ratio variable has a significant effect on the company's health level on the issuer's consumption goods.