PENGARUH PROFITABILITAS, LIKUIDITAS, DAN LEVERAGE TERHADAP FINANCIAL DISTRESS PADA PERUSAHAAN SEKTOR ENERGI DI BEI

FEBRIRIYANI, NINDI (2025) PENGARUH PROFITABILITAS, LIKUIDITAS, DAN LEVERAGE TERHADAP FINANCIAL DISTRESS PADA PERUSAHAAN SEKTOR ENERGI DI BEI. S1 thesis, Universitas Mercu Buana Jakarta.

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Abstract

This study aims to predict financial distress in energy sector companies listed on the Indonesia Stock Exchange in 2021–2023 using the Z-Score model indicator. The independent variables analyzed include profitability, liquidity, and leverage, each measured by Return on Assets (ROA), Current Ratio (CR), and Debt to Equity Ratio (DER). The data used are secondary data from financial reports, with a purposive sampling method resulting in 45 data sets meeting the research criteria. Data analysis was performed using multiple linear regression through the EViews 12 application. The results show that profitability has a negative and significant effect on financial distress, while liquidity and leverage have no significant effect. This finding indicates that companies with high profitability tend to have a lower risk of financial distress. However, companies still need to pay attention to other aspects such as operational efficiency, debt management, and investment strategies to maintain long-term financial stability. Keywords: Profitability, Likuidity, Leverage, Financial Distress, Energy, Altman Z Score Penelitian ini bertujuan untuk memprediksi kesulitan keuangan (financial distress) perusahaan sektor energi yang terdaftar di Bursa Efek Indonesia tahun 2021–2023 dengan menggunakan indikator model Z-Score. Variabel independen yang dianalisis meliputi profitabilitas, likuiditas, dan leverage, masing-masing diukur dengan Return on Assets (ROA), Current Ratio (CR), dan Debt to Equity Ratio (DER). Data yang digunakan merupakan data sekunder dari laporan keuangan, dengan metode purposive sampling menghasilkan 45 data sesuai kriteria penelitian. Analisis data dilakukan menggunakan regresi linier berganda melalui aplikasi EViews 12. Hasil penelitian menunjukkan bahwa profitabilitas berpengaruh negatif dan signifikan terhadap financial distress, sedangkan likuiditas dan leverage tidak memiliki pengaruh signifikan. Temuan ini mengindikasikan bahwa perusahaan dengan tingkat profitabilitas yang tinggi cenderung memiliki risiko financial distress yang lebih rendah. Namun demikian, perusahaan tetap perlu memperhatikan aspek lain seperti efisiensi operasional, pengelolaan utang, dan strategi investasi untuk menjaga stabilitas keuangan jangka panjang. Kata Kunci: Profitabilitas, Likuiditas, Leverage, Financial Distress, Energi, Altman Z-Score

Item Type:	Thesis (S1)
Call Number CD:	FE/MJ. 25 407
NIM/NIDN Creators:	43121110058
Uncontrolled Keywords:	Profitabilitas, Likuiditas, Leverage, Financial Distress, Energi, Altman Z-Score
Subjects:	600 Technology/Teknologi > 650 Management, Public Relations, Business and Auxiliary Service/Manajemen, Hubungan Masyarakat, Bisnis dan Ilmu yang Berkaitan > 657 Accounting/Akuntansi > 657.3 Financial Reporting (Financial Statements)/Laporan Keuangan 600 Technology/Teknologi > 650 Management, Public Relations, Business and Auxiliary Service/Manajemen, Hubungan Masyarakat, Bisnis dan Ilmu yang Berkaitan > 657 Accounting/Akuntansi > 657.7 Accounting for Specific Phases of Business Activity/Akuntansi Khusus yang Berkaitan dengan Bidang Bisnis 600 Technology/Teknologi > 650 Management, Public Relations, Business and Auxiliary Service/Manajemen, Hubungan Masyarakat, Bisnis dan Ilmu yang Berkaitan > 657 Accounting/Akuntansi > 657.7 Accounting for Specific Phases of Business Activity/Akuntansi Khusus yang Berkaitan dengan Bidang Bisnis > 657.72 Current Assets/Aset Terbaru 600 Technology/Teknologi > 650 Management, Public Relations, Business and Auxiliary Service/Manajemen, Hubungan Masyarakat, Bisnis dan Ilmu yang Berkaitan > 658 General Management/Manajemen Umum > 658.01-658.09 [Management of Enterprises of Specific Sizes, Scopes, Forms; Data Processing]/[Pengelolaan Usaha dengan Ukuran, Lingkup, Bentuk Tertentu; Pengolahan Data]
Divisions:	Fakultas Ekonomi dan Bisnis > Manajemen
Depositing User:	khalimah
Date Deposited:	28 Oct 2025 09:04
Last Modified:	28 Oct 2025 09:04
URI:	http://repository.mercubuana.ac.id/id/eprint/99917

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