Liqudity, Leverage and Profitability Analysis of The Risk of Financial Distress in Manufacturing Companies
DOI:
https://doi.org/10.70550/joseb.v2i3.79Keywords:
Liquidity, Leverage, Profitability, Financial DistressAbstract
Objectives: This research aims to determine Liquidity, Leverage and Profitability against the risk of Financial Distress. The data used in this research was obtained from the annual published financial reports of manufacturing companies listed on the Indonesia Stock Exchange.
Methodology: The method used in this research is multiple linear regression involving classical assumption tests, followed by partial significance using hypothesis testing, namely the t test, while to find out simultaneously, the F test uses a significance level of 5%.
Findings: The results of the research show that of the three independent variables analyzed, the liquidity and profitability variables do not have a significant influence on financial distress. while leverage has a significant influence on financial distress.
Conclusion: Simultaneously, the variables liquidity, leverage and profitability influence financial distress. The adjusted R-squared value in this study is 0.924, which means that the ability of the independent variable to explain variations in the dependent variable is 92.4%, while the remaining 7.6% is explained by other independent variables outside the model. Partially, the liquidity and profitability variables do not have a significant influence on financial distress. while leverage has a significant influence on financial distress. Simultaneously, the variables liquidity, leverage and profitability influence financial distress.
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