Mendeteksi Financial Distress: Analisis Rasio Keuangan Pada Perusahaan Otomotif Indonesia

Abstract

<p><em>Covid-19 cause</em><em> t</em><em>he health crisis and economic downturn have affected many industries, including the automotive and component subsector companies listed on the Indonesia Stock Exchange (IDX). This study aims to analyze the influence of the current ratio (CR), debt to equity ratio (DER), return on asset (ROA), and total asset turn over (TATO) on financial distress in 8 automotive and component subsector companies over the period 2020-2023 using quarterly data. The analysis method used is multinomial logistic regression. The results show that CR does not have a significant effect on financial distress, while DER and TATO have a significant effect. ROA does not show a significant effect on financial distress. In conclusion, CR and ROA do not affect financial distress, whereas DER and TATO significantly affect financial distress in automotive and component subsector companies listed on the Indonesia Stock Exchange for the period 2020- 2023</em>.</p>