ANALYSIS OF FINANCIAL DISTRESS ALTMAN Z-CORE METHOD AND SPRINGATE S-CORE METHOD IN PT KRAKATAU STEEL (PERSERO) TBK Kasir
Institute of Economic Development (STIE Inaba)
Jl. Soekarno Hatta No. 448 Bandung City
kasirinaba[at]gmail.com
Abstract
This study aims to predict, analyze and determine the level of potential bankruptcy and to improve the companys financial performance based on the results of discriminant analysis using the Altman Z-Score and Springate S-Score methods at PT. Krakatau Steel (Persero) Tbk period 2015 - 2019. The research approach used is a descriptive approach. The type of data used is quantitative data with secondary data sources. Data collection techniques using descriptive documentation and analysis techniques. The results showed that the calculation to predict financial distress at PT Krakatau Steel (Persero) Tbk in 2015 - 2019 using the Z-Core method resulted in less than 1.81 (bankrupt category) and S-Core method where the results were less than 0.862 (bankrupt category) ). So it was concluded that from 2015 - 2019 PT Krakatau Steel (Persero) Tbk entered the category of bankrupt companies.
