PENGARUH PROFITABILITAS, LIKUIDITAS DAN LEVERAGE DALAM MEMPREDIKSI FINANCIAL DISTRESS PADA PERUSAHAAN TEXTILE DAN GARMENT YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2012-2016

Abstract

This research aims to assess the extent of the influence of Profitability (Return On Asset), liquidity (Current Ratio), and Leverage (Debt to Equity Ratio) in predicting Financial Distress either partially or simultaneous.

            The object of this research is Return On Asset, Current Ratio, Debt to Equity Ratio and Financial Distress on the  Textile and Garment companys that listed on the Indonesia Stock Exchange 2012-2016, the data analyzed sourced from the financial statements of the company.

This research using quantitative research methods with the associative approach. The results of multiple regression analysis showed that Return On Asset, Current Ratio, and Debt to Equity has a significant effect in predicting Financial Distress which is only 41,0% while 59,0% is influenced by other factors. Partially, Return On Asset has a negative effect on financial distress with value t-count -2,544 < t-table 1,692. Current Ratio has a negative effect on Financial distress with t-count -1,148 < t-table 1,692. While Debt to Equity Ratio influential positive against Financial distress with t-count 2,481 < t-table 1,692. simultaneously, Financial distress is influenced by Return On Asset, Current Ratio and Debt to Equity Ratio with value F-count 7,644 < F-table 2,891.