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Analysis of Accuracy Level of Altman Z-Score Model and Springate Model in Measuring the Potential of Financial Distress in Plantations Industries

Author

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  • Mardaconsita*

    (Universitas Mercu Buana, Indonesia)

  • Mochamad Soelton

    (Universitas Mercu Buana, Indonesia)

Abstract

This study aimed to analyze the level of bankruptcy using Altman Z-Score model of modifications and models Springate, the Plantations Company period 2014-2017. The data used in this research is secondary data, financial data Plantations Company taken from the site www.idx.co.id. Based on the results of this study show that the model of the Altman Z-Score modification Plantations Industries was having financial difficulties which would be potentially bankrupt, it can be seen from the Z-Score of less than 1.1 in the period 2014-2017 and no different from using a model that generates value Springate S-Score

Suggested Citation

  • Mardaconsita* & Mochamad Soelton, 2019. "Analysis of Accuracy Level of Altman Z-Score Model and Springate Model in Measuring the Potential of Financial Distress in Plantations Industries," International Journal of Economics and Financial Research, Academic Research Publishing Group, vol. 5(2), pages 16-25, 02-2019.
    • Handle: RePEc:arp:ijefrr:2019:p:16-25
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    Cited by:

    1. Mochamad Soelton & Yanto Ramli & Dewi Anggraini & Danny Khosasi, 2020. "Implementing Good Corporate Governance to Engage Corporate Social Rerponsibility in Financial Performance," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 239-258.

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