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The Effect of Financial Ratios on Financial Distress Conditions in Sub Industrial Sector Company

Accounting Analysis Journal · Vol. 7 No. 1 (2018) · hlm. 25–33

DOI
10.15294/aaj.v7i1.18996
ISSN
2502-6216, 2252-6765
Terbit
2018-07-30
Penerbit
Universitas Negeri Semarang
Bahasa
eng

Abstrak

This study aimed to analyze the influence of financial ratios proxied by the current ratio, the retained earnings to total assets, earnings before interest and tax to total assets, return on equity, debt to assets ratio, and total assets turnover against Financial distress. The population in this study is a sub company of various industry listed in Indonesia Stock Exchange (IDX) in the period from 2013 to 2015 with the number of 40 companies. The sampling technique used purposive sampling technique and acquired 35 companies with 105 units of analysis. Data were analyzed with descriptive statistics and logistic regression. These results indicate that earnings before interest tax to total assets and return on equity have an impact on financial distress. While the current ratio, the retained earnings to total assets, debt to assets ratio, and total assets turnover has no influence on the financial company’s distress. The conclusion of this research is that the company’s financial distress condition can be avoided by reducing the financing coming from debt. In addition, increasing sales and maximizing the use of assets and equities that companies have can also reduce and avoid the company from financial distress.

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21 penulis · 26 tautan kepenulisan bersama · 2 lintas organisasi

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  • State University of Semarang
  • Diponegoro University
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Rekan penulisOrganisasiArtikel bersama
Insani Khikmawati KhikmawatiState University of Semarang1
Ibnu Reza AshkhabiAfiliasi tidak diketahui1
Febri Zaini AuliaAfiliasi tidak diketahui1
Eka SetiawatiAfiliasi tidak diketahui1
Sarwo KuncoroState University of Semarang1
Hendy Bayu SatriawanAfiliasi tidak diketahui1
Nur Annisa KhumairohState University of Semarang1
Nia FerlianaState University of Semarang1
Chintiya Febiana RamadhaniState University of Semarang1
Indrianingsih IndrianingsihState University of Semarang1
Ana sulistianiState University of Semarang1
Siti Nurmala SariState University of Semarang1
Putri ApriliyaniState University of Semarang1
Kuat Waluyo JatiState University of Semarang1
Tri Susilo Wahyu AjiState University of Semarang1
Indah Fajarini Sri WahyuningrumState University of Semarang1
Meilani Intan PertiwiState University of Semarang1
Anis ChaririDiponegoro University1
Andri PrastiwiDiponegoro University1

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Sumber metadata: OAI-PMH (metadata jurnal) https://journal.unnes.ac.id/sju/index.php/aaj/oai, pertama di-harvest 5 Nov 2026, terakhir terlihat 8 Nov 2026.
Metadata asli (oai_dc) 
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	<dc:title xml:lang="en-US">The Effect of Financial Ratios on Financial Distress Conditions  in Sub Industrial Sector Company</dc:title>
	<dc:creator>Restianti, Tya</dc:creator>
	<dc:creator>Agustina, Linda</dc:creator>
	<dc:description xml:lang="en-US">This study aimed to analyze the influence of financial ratios proxied by the current ratio, the retained earnings to total assets, earnings before interest and tax to total assets, return on equity, debt to assets ratio, and total assets turnover against Financial distress. The population in this study is a sub company of various industry listed in Indonesia Stock Exchange (IDX) in the period from 2013 to 2015 with the number of 40 companies. The sampling technique used purposive sampling technique and acquired 35 companies with 105 units of analysis. Data were analyzed with descriptive statistics and logistic regression. These results indicate that earnings before interest tax to total assets and return on equity have an impact on financial distress. While the current ratio, the retained earnings to total assets, debt to assets ratio, and total assets turnover has no influence on the financial company’s distress. The conclusion of this research is that the company’s financial distress condition can be avoided by reducing the financing coming from debt. In addition, increasing sales and maximizing the use of assets and equities that companies have can also reduce and avoid the company from financial distress.</dc:description>
	<dc:publisher xml:lang="en-US">Universitas Negeri Semarang</dc:publisher>
	<dc:date>2018-07-30</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en-US">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://journal.unnes.ac.id/sju/aaj/article/view/18996</dc:identifier>
	<dc:identifier>10.15294/aaj.v7i1.18996</dc:identifier>
	<dc:source xml:lang="en-US">Accounting Analysis Journal; Vol 7 No 1 (2018): March 2018; 25-33</dc:source>
	<dc:source>2502-6216</dc:source>
	<dc:source>2252-6765</dc:source>
	<dc:source>10.15294/aaj.v7i1</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://journal.unnes.ac.id/sju/aaj/article/view/18996/11200</dc:relation>
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