ABSTRAK
MUHAMMAD SYAHDEWA WIYANTO. NIM 2020150064. Pengaruh Current
ratio, Debt to equity ratio, Return on asset, Total asset turn over Terhadap Financial
distress Pada Perusahaan Subsektor Otomotif Dan Komponen Yang Terdaftar Di
Bursa Efek Indonesia Tahun 2020-2023. Dibawah bimbingan Dr. Ani Siska MY,
SH, MM, MSM.
Hampir semua sektor industri merasakan dampak dari pandemi COVID-19. Krisis
kesehatan dan kemerosotan ekonomi telah memengaruhi banyak industri, termasuk
subsektor otomotif dan komponen yang terdaftar di Bursa Efek Indonesia (BEI).
Penelitian ini bertujuan untuk menganalisis pengaruh current ratio (CR), debt to
equity ratio (DER), return on asset (ROA), dan total asset turn over (TATO)
terhadap financial distress pada 8 perusahaan subsektor otomotif dan komponen
selama periode 2020-2023 dengan data triwulanan. Metode analisis yang digunakan
adalah regresi logistik multinomial. Hasil penelitian menunjukkan bahwa CR tidak
berpengaruh signifikan terhadap financial distress, sedangkan DER dan TATO
memiliki pengaruh signifikan. ROA tidak menunjukkan pengaruh signifikan
terhadap financial distress. Kesimpulannya, CR dan ROA tidak berpengaruh
terhadap financial distress sedangkan DER dan TATO berpengaruh signifikan
terhadap financial distress pada perusahaan subsektor otomotif dan komponen yang
terdaftar di Bursa Efek Indonesia tahun 2020-2023.
Kata kunci: Current Ratio, Debt to Equity Ratio, Financial Distress, Return On
Asset, Total Asset Turn Over.
ABSTRACT
MUHAMMAD SYAHDEWA WIYANTO. NIM 2020150064. The Influence of Current
ratio, Debt to equity ratio, Return on asset, and Total asset turn over on Financial
Distress in Automotive and Component Subsector Companies Listed on the
Indonesia Stock Exchange for the Period 2020-2023. Supervised by Dr. Ani Siska
MY, SH, MM, MSM.
Almost all industrial sectors have felt the impact of the COVID-19 pandemic. The
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.
Keywords: Current Ratio, Debt to Equity Ratio, Financial Distress, Return On
Asset, Total Asset Turn Over.
