Altman Z-score Sebagai Salah Satu Metode Dalam Menganalisis Estimasi Kebangkrutan Perusahaan (Studi Pada Perusahaan Plastik Dan Kemasan Yang Terdaftar (Listing) Di Bursa Efek Indonesia Periode Tahun 2010 Sampai Dengan 2012)

Altman Z-Score is the one of three bankcruptcy prediction method. Bankruptcy prediction method used in this research is Altman Z-Score method which is equipped with cut-off point to determine the bankruptcy classification. Altman used five financial ratios that cater for companies to go public Woking Capital to Total Assets , Retained Earnings to Total Assets , Earnings Before Interest and Taxes to Total Assets , Market Value Equity to Book Value of Total Debt , and Sales to Total Assets . The research is descriptive research carried out over 11 plastic-package companies listed at Indonesia Stock Exchange. Result of research on 5 samples of plastic-package companies indicates that 1 company are estimated as bankrupt is PT. Titan Kimia Nusantara Tbk., 2 companies in the susceptible condition PT. Sekawan Intipratama Tbk. and PT. Trias Sentosa Tbk., and the other 2 in the healthy condition PT. Yanaprima Hastapersada Tbk. dan PT. Champion Pacific Indonesia Tbk