Financial Distress Affected by Leverage and Sales Growth
Abstract
Financial distress is a stage of a decline in the financial condition experienced by a company that occurred before it goes bankrupt or liquidated. This off course greatly affects the development of the company. This study aims to find out Financial Distress Affected by Leverage and Sales Growth in metal and similar industrial sub-sector companies listed on the Indonesia Stock Exchange in 2018-2020. The research sample consisted of 13 companies from 17 sub-sector companies of the metal and similar industries listed on the Indonesia Stock Exchange in 2018-2020. The sampling method was carried out using purposive sampling with certain criteria. Data was collected by secondary method and analyzed by E-views 9. The results showed that the leverage and sales growth had a positive and significant effect on financial distress. However, partially the leverage has no and no significant effect on financial distress, while sales growth has a positive and significant effect on financial distress.
Keywords: Leverage, Sales Growth, Financial Distress
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