Financial Distress Analysis using The Altman Z – Z-Score Method in Hotel Companies Listed on The Idx

Murwani Wulansari

doi:10.36232/jurnalpendidikanbahasa.v10i2.4900

Murwani Wulansari Universitas Bina Sarana Informatika

DOI: https://doi.org/10.36232/jurnalpendidikanbahasa.v10i2.4900

Keywords: Altman Z Score, Financial Distress, Hotel Industry

Abstract

The purpose of this study was to determine the business continuity of PT. Eastparc Hotel Tbk, PT. Bukit Uluwatu Village Tbk and PT. Hotel Sahid International Tbk uses secondary data as financial statements for 2019 – 2021. This study uses the Altman Z Score method, which is one method for assessing a company's bankruptcy. The covid 19 pandemic caused a significant decrease in performance at PT. Bukit Uluwatu Village Tbk Z. Z Score PT. Bukit Uluwatu Village Tbk in 2020 was -2.91, it decreased from 0.35 in 2019. Such conditions indicate that PT. Bukit Uluwatu Village Tbk experienced financial distress

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