Analisis Financial Distress Menggunakan Metode Altman Z-Score Dan Springate Pada Perusahaan Subsektor Telekomunikasi Di Bursa Efek Indonesia 2018-2022


  • Aditya Rizky Prasetyo Politeknik Negeri Jakarta
  • Fatimah Politeknik Negeri Jakarta


In operating activities, the company is not always able to develop and make a profit well. Along with the rapid
development of technology, telecommunications facility providers are competing to attract consumers to use their
facilities and if the company cannot compete then the company will lose money so that it has the potential to go bankrupt.
This study aims to predict bankruptcy in telecommunications subsector companies on the Indonesia Stock Exchange using
the Altman Z-Score and Springate methods. This study used quantitative descriptive analysis method. The population of
companies studied is telecommunications subsector companies on the Indonesia Stock Exchange for the 2018-2022 period
using the purposive sampling method. Data was processed using Altman Z-Score and Springate. The results of the study
using both methods only PT Telkom Indonesia Tbk was declared healthy, while PT XL Axiata Tbk, PT Smartfren Tbk and
PT Indosat Tbk indicated financial distress.

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