ANALISIS FINANCIAL DISTRESS PT KRAKATAU STEEL (PERSERO) TBK PERIODE 2015-2020 --

ABSTRAK
Almira, Aprilia Nahda. 2021. Program Studi D4 Keuangan dan Perbankan,
Jurusan Akuntansi, Politeknik Negeri Samarinda, “Analisis Financial Distress PT Krakatau
Steel (Persero), Tbk Periode 2015-2020”. Di bawah bimbingan dari Dr. Sudarlan, S.E.,
M.T selaku pembimbing I, dan Ibu Rahmawati Fitriana, S.Pd., M.Pd.BI selaku
pembimbing II.
Tujuan penelitian ini adalah untuk mengetahui dan menganalisis kesulitan
keuangan pada PT Krakatau Steel (Persero) Tbk Periode 2015-2020 dengan menggunakan
metode Altman Z-score Modifikasi dengan persamaan Z-Score = 6,56 X1 + 3,26 X2 +
6,72 X3 + 1,05 X4 dengan variabel Working Capital to Total Assets (X1), Retained
Earning to Total Assets (X2), Earning Before Interest and Tax to Total Assets (X3), Book
Value of Total Equity to Book Value of Total Debt (X4). Penelitian ini merupakan
penelitian deskriptif dengan pendekatan kuantitatif. Teknik pengumpulan data yang
digunakan adalah dengan mengunduh laporan keuangan dari situs resmi Bursa Efek
Indonesia dan situs resmi dari PT Krakatau Steel (Persero) Tbk.
Hasil prediksi financial distress menggunakan metode Altman Z-Score Modifikasi
perusahaan mengalami financial distress selama periode 2015-2020.
Kata Kunci: :financial distress, metode altman z-score modifikasi.
ABSTRACT
Almira, Aprilia Nahda. 2021. D4 Finance and Banking Study Program,
Accounting Department, Samarinda State Polytechnic, “Financial Distress Analysis of PT
Krakatau Steel (Persero), Tbk 2015-2020 Period”. Under the guidance of Dr. Sudarlan,
S.E., M.T as supervisor I, and Mrs. Rahmawati Fitriana, S.Pd., M.Pd.BI as supervisor II.
The purpose of this study was to determine and analyze financial difficulties at PT
Krakatau Steel (Persero) Tbk for the 2015-2020 period using the Modified Altman Z-score
method with the Z-Score equation = 6.56 X1 + 3.26 X2 + 6.72 X3 + 1.05 X4 with
variables Working Capital to Total Assets (X1), Retained Earning to Total Assets (X2),
Earning Before Interest and Tax to Total Assets (X3), Book Value of Total Equity to Book
Value of Total Debt ( X4). This research is a descriptive research with a quantitative
approach. The data collection technique used is to download financial reports from the
official website of the Indonesia Stock Exchange and the official website of PT Krakatau
Steel (Persero) Tbk.
Prediction results of financial distress using Altman Z-Score method Modification
of companies experiencing financial distress during the 2015-2020 period.
Keywords: financial distress, altman z-score modifikasi method