Financial Distress Prediction Analysis using the Altman Z-Score Method in Tobacco Subsector Companies
DOI:
https://doi.org/10.35797/ejp.v5i1.54676Keywords:
Financial Distress, Altman Z-Score, Tobacco Subsector CompaniesAbstract
This research aims to predict the occurrence of company financial distress conditions using the Altman Z-Score method with the object of research, namely tobacco subsector companies listed on the Indonesia Stock Exchange for the 2019-2022 period. The approach used in the research is a descriptive quantitative approach with secondary data sources. The data analysis technique used is using the Altman Z-Score method. The results showed that there was 1 tobacco company that was predicted to experience financial distress problems. While the other 3 tobacco companies are predicted to have a healthy and stable financial condition during the 2019-2022 period.
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