PENGARUH SALES GROWTH, LIKUIDITAS, LEVERAGE, PROFITABITALITAS DAN AKTIVITAS TERHADAP FINANCIAL DISTRESS (STUDI EMPIRIS PADA PERUSAHAAN BASIC MATERIALS SUB SEKTOR METALS & MINERALS YANG TERDAFTAR PADA BURSA EFEK INDONESIA PERIODE 2020-2023)

Abstract

The purpose from this research is to study and analyze the effect of sales growth, liquidity, leverage, profitability and activity against financial distress in basic materials companies sub sector metal & minerals listed on IDX in period 2020-2023. Populations in this research are 32 companies and the samples are 23 companies which be chosen by purposive technique sampling. This research is quantitative research with analysis tools is multinomial logistic regression analysis using IBM SPSS Versi 20. The result from partial test shows that four (4) of the independent variables which are sales growth, liquidity using CR (Current Ratio), leverage using DAR (Total Debt to Total Asset Ratio) and profitability using ROA (Return on Asset) have effect on financial distress. However, activity using TATO (Total Asset Turn Over) has no effect on financial distress.