ANALISIS FINANCIAL DISTRESS DENGAN MENGGUNAKAN METODE TAFLER, GROVER, SPRINGATE SCORE DAN  OHLSON PADA PT ANDIRA AGRO, TBK YANG  TERDAFTAR DI BURSA EFEK INDONESIA

Siti Al Fani; Sepbeariska Manurung; Lenny Dermawan Sembiring

Siti Al Fani Sekolah Tinggi Ilmu Ekonomi Sultan Agung
Sepbeariska Manurung Sekolah Tinggi Ilmu Ekonomi Sultan Agung
Lenny Dermawan Sembiring Sekolah Tinggi Ilmu Ekonomi Sultan Agung

Keywords: financial distress, Taffler, Grover, Springate Score and Ohlson

Abstract

The objectives of this study are: 1. To find out the picture of financial distress using the Taffler, Grover, Springate Score and Ohlson methods at PT Andira Agro, Tbk which is listed on the Indonesia Stock Exchange. 2. To find out the factors that cause financial distress using the Taffler, Grover, Springate Score and Ohlson methods at PT Andira Agro, Tbk which is listed on the Indonesia Stock Exchange. 3. To find out the most appropriate method in measuring financial distress at PT Andira Agro, Tbk which is listed on the Indonesia Stock Exchange. The data analysis techniques used are qualitative descriptive analysis techniques and comparative analysis techniques. The results of the study can be concluded as follows: 1. The average value of Taffler shows that PT Andira Agro, Tbk is categorized as bankrupt. 2. Grover's average value shows that PT Andira Agro, Tbk is in a non-bankruptcy condition. 3. The average Springate Score indicates that PT Andira Agro, Tbk is classified as experiencing financial distress. 4. Ohlson's average score indicates that the company is not in a state of distress. 5. Factors that cause financial distress with the Taffler, Grover, Springate Score and Ohlson methods are negative net working capital, current assets tend to decrease, net profit tends to decrease, EBIT and EBT tend to decrease, sales and operating cash flow funds tend to decrease. 6. The most appropriate method in measuring the bankruptcy rate at PT. Andira Agro, Tbk is the Springate Score method.

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