Academia Open
Vol 5 (2021): December
Business and Economics

The Effect of Financial Ratios on Financial Distress During the Covid 19 Period
Pengaruh Rasio Keuangan Terhadap Financial Distress Pada Masa Covid 19


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  • Helena Kournikova,
  • Nurasik Nurasik*
Helena Kournikova
Universitas Muhammadiyah Sidoarjo, Indonesia
Nurasik Nurasik
Universitas Muhammadiyah Sidoarjo, Indonesia *

(*) Corresponding Author
Picture in here are illustration from public domain image or provided by the author, as part of their works
DOI: https://doi.org/10.21070/acopen.5.2021.2385
Published December 26, 2021
Keywords
  • Financial Distress,
  • Likuiditas,
  • Profitabilitas,
  • Leverage,
  • Activity,
  • Cash flow
    • ...More
    Less
How to Cite
Kournikova, H., & Nurasik, N. (2021). The Effect of Financial Ratios on Financial Distress During the Covid 19 Period. Academia Open, 5, 10.21070/acopen.5.2021.2385. https://doi.org/10.21070/acopen.5.2021.2385

Copyright (c) 2021 Helena Kournikova, Nurasik Nurasik

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Abstract

The purpose of this study is to determine, analyze, and explain the significant influence between the variables of Liquidity, Profitability, Leverage, Activity and operating cash flow on financial distress in Transportation Sub-Sector Companies listed on the Indonesia Stock Exchange for the second Quarter of 2020, namely as many as 36 million companies. This research uses a quantitative approach. By using secondary data from the IDX official website. Data collection is done by tracing financial statements, annual reports and previous journals. The analysis technique used in this research is multiple regression analysis technique. Liquidity, profitability, and cash flow have a significant effect on Financial Distress, while Leverage and Activity have no significant effect on Financial Distress.

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