Prediksi dan Interpretasi Financial Distress Menggunakan Altman, Springate dan Zmijewski terhadap Perusahaan Manufaktur Sub Sektor Industri Tekstil dan Garment 2019-2021 yang sudah terdaftar di Bursa Efek Indonesia (BEI)

Each company will strengthen its business units and maintain its financial performance so that it remains optimal, so that the company does not experience bankruptcy (financial distress). So therefore this study aims to determine Financial Distress in Manufacturing Companies in the Textile and Garment sub-sector in the 2019-2021 period using the Altman, Springate, and Zmijewski methods. The samples resulting from this study were 10 samples from 15 populations in manufacturing companies in the Textile and Garment sub-sector for the 2019-2021 period. The data in this study is in the form of secondary data taken from financial reports that have been listed on the Indonesia Stock Exchange for the 2019-2021 period. The technique taken from this research is purposive sampling technique. The results of this research are analyzed and interpreted using the Altman, Springate, and Zmijewski methods to determine the occurrence of Financial Distress in the company. From the Altman Method in 2019 & 2021 not accompany experienced distress. Year 2020 there will be 9 Non Distress companies and 1 Distress company. Then the Springate Method in 2019 there are 5 Non Distress companies there are 5 Distress companies, in 2020 there are 4 Distress companies and 6 Non Distress companies. In 2021 there will be 3 Distress companies and 7 Non Distress companies. Furthermore, the Zmijewski Method from 2019 to 2021 there are 2 Distress Companies and 8 Non Distress Companies.

Keywords : Altman,Springate,Zmijewski, Financial Distress