Proceedings of the International Conference on Applied Science and Technology on Social Science 2021 (iCAST-SS 2021)

Financial Distress Analysis of Coal Mining Companies

Authors
E. Retno Maninggarjati1, *
Accounting Department, Politeknik Negeri Samarinda, Samarinda, Indonesia
Ratna Wulaningrum2, *, ratna@polnes.ac.id
Accounting Department, Politeknik Negeri Samarinda, Samarinda, Indonesia
Rahmawati Fitriana3
Accounting Department, Politeknik Negeri Samarinda, Samarinda, Indonesia
Dzulfikar Triadi Putra4
Accounting Department, Politeknik Negeri Samarinda, Samarinda, Indonesia
*(Corresponding Author)
Corresponding Author
Ratna Wulaningrumratna@polnes.ac.id
Available Online 4 March 2022.
DOI
10.2991/assehr.k.220301.079How to use a DOI?
Keywords
bankruptcy; financial distress; coal mining companies
Abstract

A new problem in 2019 apart from the absence of a new location for coal reserves was the limitation of coal production by the Minister of Energy and Mineral Resources of the Republic of Indonesia. These problems indicate that there are not only external problems with the company. However, internal company problems will also arise, particularly financial distress in coal mining companies. Financial distress is a financial condition before bankruptcy or liquidation characterized by the company’s inability to fulfill its obligations. The purpose of this study is to determine the level of financial distress in coal mining companies listed on the Indonesia Stock Exchange for the period 2016-2020. Companies can use several models for bankruptcy analysis. In this study, the analytical model used is Altman, Springate, and Grover. The study results showed that one company experienced financial distress during the research period, and ten other companies were predicted to be safe or in safe zone status.

Copyright
© 2022 The Authors. Published by Atlantis Press SARL.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the International Conference on Applied Science and Technology on Social Science 2021 (iCAST-SS 2021)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
4 March 2022
ISBN
10.2991/assehr.k.220301.079
ISSN
2352-5398
DOI
10.2991/assehr.k.220301.079How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press SARL.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - E. Retno Maninggarjati
AU  - Ratna Wulaningrum
AU  - Rahmawati Fitriana
AU  - Dzulfikar Triadi Putra
PY  - 2022
DA  - 2022/03/04
TI  - Financial Distress Analysis of Coal Mining Companies
BT  - Proceedings of the International Conference on Applied Science and Technology on Social Science 2021 (iCAST-SS 2021)
PB  - Atlantis Press
SP  - 482
EP  - 486
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.220301.079
DO  - 10.2991/assehr.k.220301.079
ID  - Maninggarjati2022
ER  -