Pengaruh Operating Capacity Leverage dan Sales Growth terhadap Financial Distress Perusahaan Sektor Infrastruktur yang Terdaftar di Bursa Efek Indonesia Tahun 2021 2023

Sakinah Br Perangin-Angin; Devi Ayu Putri Sirait; Muhammad Habibie

doi:10.30640/inisiatif.v5i2.6445

Authors

Sakinah Br Perangin-Angin Universitas Medan Area
Devi Ayu Putri Sirait Universitas Medan Area
Muhammad Habibie Universitas Medan Area

DOI:

https://doi.org/10.30640/inisiatif.v5i2.6445

Keywords:

Financial Distress, Infrastructure, Leverage, Operating Capacity, Sales Growth

Abstract

This study aims to determine the effect of Operating Capacity, Leverage, and Sales Growth on Financial Distress in infrastructure sector companies listed on the Indonesia Stock Exchange (IDX) from 2021 to 2023. Financial distress was measured using the Springate (S-Score) method. This study employed a quantitative approach. The data used were secondary data in the form of financial reports obtained from the official IDX website. The sampling technique employed was purposive sampling, with a sample size of 19 companies from the infrastructure sector. Data analysis was performed using multiple linear regression to determine the effect of each independent variable on financial distress. The results showed that operating capacity had a positive and significant effect on financial distress, leverage had a negative and significant effect on financial distress, sales growth does not effect on financial distress and Operating Capacity, Leverage, and Sales Growth simultaneously had a significant effect on financial distress in infrastructure sector companies listed on the IDX in 2021-2023.

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