Altman Z-Score Analysis for Predicting Bankruptcy in Listed Companies In LQ 45 Year 2016-2020
Abstract
The purpose of this study is to determine the level of corporate bankruptcy. The analysis in this study uses the Altman Z Score models from 29 companies listed in the LQ45 index between 2016 and 2020. The results of this study indicate that there are 12 companies that are categorized as prone to bankruptcy (41.38%), 9 companies are categorized as bankrupt (31.03%), and 8 companies are categorized as healthy (27.59%). Altmani Z’-Score analysis to prediict the bankruptcy of companies listed on LQ 45 iin 2016-2020 with an average value of 2,032 are in a position of Prone to Bankruptcy or it can be said that companies have the potential to go bankrupt. This can be seen in the Zi value which is between 1.20% - 2.90% based on the Altmani Z’-Score calculation.
Keywords: Altmani Z’-Score, Bankruptcy Analysis, LQ 45, Financial Ratios.
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