Application of the Altman Z-Score Method for Predicting the Potential Bankruptcy of Infrastructure Sector Companies Listed on the IDX for the 2019-2021 Period

Gunadi, I Made and Ardina, Cening and Mandia, I Nyoman (2022) Application of the Altman Z-Score Method for Predicting the Potential Bankruptcy of Infrastructure Sector Companies Listed on the IDX for the 2019-2021 Period. Repositori Politeknik Negeri Bali.

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Abstract

This study aims to determine the potential for bankruptcy of infrastructure sector companies listed on the Indonesia Stock Exchange for the 2019-2021 period, namely PT Adhi Karya Tbk and PT Waskita Karya Tbk. This study uses qualitative methods and the research conducted is descriptive. Data analysis techniques in this study were carried out when data collection took place, namely data collection, analyzing data, categorizing data, and drawing conclusions. This study uses 2 companies in the infrastructure sector engaged in construction, namely PT Adhi Karya Tbk and PT Waskita Karya Tbk as research subjects. The results of the study show that PT Adhi Karya Tbk in 2019 is in a vulnerable condition while in 2020 and 2021 it has the potential to experience bankruptcy. Meanwhile, PT Waskita Karya Tbk in 3 years of research, namely in 2019 to 2021 has the potential to experience bankruptcy. The results of this study are ex�pected to be taken into consideration regarding the financial condition of PT Adhi Karya Tbk and PT Waskita Karya so that later they can carry out evaluations and improvements that will benefit the company's sustainability in the future.

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