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

Mardaconsita* and Mochamad Soelton
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Mardaconsita*: Universitas Mercu Buana, Indonesia
Mochamad Soelton: Universitas Mercu Buana, Indonesia

International Journal of Economics and Financial Research, 2019, vol. 5, issue 2, 16-25

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

Keywords: Altman Z-Score modification; Springate; The rate of bankruptcy. (search for similar items in EconPapers)
Date: 2019
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