Analysis of Financial Distress Altman Z-Core Method and Springate S-Core Method in PT Krakatau Steel (Persero) Tbk

DOI

10.2991/aebmr.k.210831.014How to use a DOI?

Keywords

Financial Distress, Z-Score, S-Core

Abstract

This study aims to predict, analyze and determine the level of potential bankruptcy and improve its financial performance based on the results of a discriminant analysis using the Altman Z-Score and Springate S-Score methods at PT. Krakatau Steel (Persero) Tbk for the period 2015 - 2019. The research approach used is descriptive. The type of data used is quantitative data with secondary data sources. The data collection techniques used documentation techniques and descriptive analysis. The results show that the calculation of financial distress predictions at PT Krakatau Steel (Persero) Tbk in 2015 - 2019 employed the Z-Core method is a company in the bankrupt category while those employed the S-Core method is also categorized as bankrupt. The research results concluded that from 2015 - 2019 PT Krakatau Steel (Persero) Tbk was included in the bankruptcy company category.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Kasir
PY  - 2021
DA  - 2021/09/02
TI  - Analysis of Financial Distress Altman Z-Core Method and Springate S-Core Method in PT Krakatau Steel (Persero) Tbk
BT  - Proceedings of the 5th Global Conference on Business, Management and Entrepreneurship (GCBME 2020)
PB  - Atlantis Press
SP  - 66
EP  - 69
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210831.014
DO  - 10.2991/aebmr.k.210831.014
ID  - 2021
ER  -