Analisis Prediksi Risiko Kebangkrutan Berdasarkan Nilai Aset dan Liabilitas Menggunakan Metode Altman Z-Score: Studi Kasus Jiwasraya (Periode 2014, 2015, 2016, 2018, dan 2019)

Authors

  • Roufan Hirqoni Araniri Universitas Indonesia
  • Angelita Buulolo Universitas Indonesia
  • Tarikh Luthfi Simanjuntak Universitas Indonesia
  • Jordan Ahmad Yasir Universitas Indonesia
  • Dewi Hanggraeni Universitas Indonesia

DOI:

https://doi.org/10.24269/iso.v5i1.568

Abstract

Jiwasraya is on the incisive edge. Based on 2019 Jiwasraya financial report, Jiwasraya’s ratio of solvency reached -18886.10% as of December 2019. By using the value of Jiwasraya's assets and liabilities based on the Jiwasraya Financial Statements for five periods (2014, 2015, 2016, 2018, 2019), the author used the Altman Z-Score analysis tool to measure the risk of Jiwasraya's bankruptcy. From the calculations using the Altman Z-Score, it can be concluded that Jiwasraya's Altman Z-Score is in the category of bankruptcy risk in 2014, 2018 and 2019 periods, while in 2015 and 2016, Jiwasraya's Altman Z-Score is in Grey area or it can be interpreted that Jiwasraya experienced financial distress in the 2015 and 2016 periods while there is still a possibility to avoid potential bankruptcy and the possibility of bankruptcy with the same magnitude.

Keywords: Jiwasraya, Altman Z-score, kebangkrutan, Aset, Liabilitas.

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Published

2021-04-23

Issue

Vol. 5 No. 1 (2021): April

Section

Articles

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