Analysis of Liquidity, Leverage, and Profitability Ratios On Financial Distress

Authors

  • Nur Adik Ayu Sinta Anggraeni Universitas Nahdlatul Ulama Surabaya
  • Niken Savitri Primasari Universitas Nahdlatul Ulama Surabaya

Abstract

This study aims to determine the effect of liquidity, leverage, and profitability on financial distress. The population in this study are companies included in the State-Owned Enterprises (BUMN) in 2017-2023. The sampling method used was puposive sampling and obtained 17 companies with a total sample of 119 financial statements which became the object of research. The data analysis method is quantitative analysis using multiple liner regression analysis and hypothesis testing using the SPSS 26 program. The results showed that liquidity, leverage, and profitability simultaneously affect financial distress. While partially the variables current ratio, quick ratio, return on assets, and return on equity have a significant negative effect on financial distress. While the variable return on equity and debt to assets has a significant positive effect on financial distress.

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Published

2024-11-07

How to Cite

Anggraeni, N. A. A. S., & Primasari, N. S. (2024). Analysis of Liquidity, Leverage, and Profitability Ratios On Financial Distress. Proceeding ICAMEKA: International Conference Accounting, Management & Economics Uniska, 1(1), 118–139. Retrieved from https://icamekaproceedings.fe.uniska-kediri.ac.id/index.php/icameka/article/view/14

Issue

Vol. 1 No. 1 (2024): ICAMEKA

Section

Articles