Pengaruh profitabilitas, likuiditas, leverage, Aktivitas, dan sales growth terhadap kondisi financial distress

Financial distress is a phase of decline in financial condition that occurred before the onset of bankruptcy. This study aims to examine the effect of profitability, liquidity, leverage, activicy, and sales growth of financial distress. The population of the research is wholesale and retail trade companies listed on the Indonesia Stock Exchange in 2012-2016. Samples was determined by purposive sampling method, samples obtained as much as 195 samples. The techiques of data analysis used in logistic regression analysis, data processing with SPSS version 23.0. The result of study concluded that (1) profitability as measured by return on asset has effect in financial distress; (2) liquidity as meansured by quick ratio has no effect in financial distress; (3) leverage as meansured by debt to asset has effect in financial distress; (4) activity as meansured by total asset turnover has effect in financial distress; and (5) sales growth as meansured by sales growth has no effect in financial distress. Keyword: Financial distress, Profitability, Liquidity, Leverage, Activicy, and Sales Growt