Analysis of Company Indications of Financial Distress in Health Companies on IDX 2019-2022

Abstract

The purpose of this study was to predict financial distress using the S-Score method in health companies listed on the IDX. The samples used in this study were health companies listed on the IDX for the 2019-2022 period using purposive sampling method. the data collection used in this study is secondary data derived from financial reports on the IDX. The method used in this research is descriptive analysis. The prediction results of the springate method financial distress calculation (S-Score) in health companies listed on the IDX show that there are four companies that have experienced financial distress for four consecutive years. Based on the results obtained in this study, it can provide implications in scientific development, namely as reference material for further research, especially research related to financial distress. As well as direct implications for potential investors who want to invest their funds in the IDX, especially in health companies.