An Analysis of Financial Distress of Selected Public Sector Enterprises of India using Springate Score Model

Dr. Yagnesh Mohanlal Dalvadi, and Ms. Jyoti Badribhai Pandit
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Dr. Yagnesh Mohanlal Dalvadi,: Professor, PG Department of Business Studies, Sardar Patel University, Vallabh Vidyanagar
Ms. Jyoti Badribhai Pandit: Research Scholar, PG Department of Business Studies, Sardar Patel University, Vallabh Vidyanagar

Journal of Commerce and Trade, 2018, vol. 13, issue 1, 107-112

Abstract: Financially healthy company is able to pay its liability within the time, but sometimes due to internal and external factors company incurred losses and unable to pay its debt. Hence company becomes financially distressed, insolvent or bankrupt. In order to take a corrective steps prediction of financial distress is necessary so in this study the researcher attempts to analyze financial distress of selected public sector enterprises of India by using Springate s score. The Secondary data of Eight listed, worst performer, manufacturing public sector enterprises were collected for the period of six years beginning from 2011-12 to 2016-17. The collected data analyzed by using Microsoft excel software. The result showed that four Public Sector Enterprises are Financial Distressed and four public sector enterprises are financially healthy out of Eight Public Sector Enterprises as per Springate score model.

Keywords: Financial Distress; Springate score; Central Public sector enterprises (CPSE); Solvent Company. (search for similar items in EconPapers)
JEL-codes: G32 L32 N45 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:jct:journl:v:13:y:2018:i:1:p:107-112

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