Analisis Prediksi Kebangkrutan Menggunakan Metode Altman Z-Score pada Sektor Telekomunikasi yang Terdaftar di Bursa Efek Indonesia Periode 2015-2018

The problems that always occur in a company are usually caused by the financial problems. We can use the financial ratio analysis, the Altman Z-Score method, to measure the level of financial health in a company. This study aims to predict bankruptcy in Telecommunications Sector companies listed on the Indonesia Stock Exchange in 2015, 2016, 2017 and 2018.The basic theory of this research is financial management that focused on the Altman Z-Score method as measured by liquidity ratios (X1), Profitability (X2 and X3), Activities (X4 and X5) and the Z-Score formula. This research was conducted in the Telecommunications Sector financial statements.The analytical equipment that used in this study is the Altman Z-Score method that connects five variables. These are the liquidity ratios (X1), the Profitability (X2 and X3), and the Activities (X4 and X5). The Z-Score formula = 1.2X1 + 1.4X2 + 3.3X3 + 0.6X4 + 1.0X5. The data are required by 4 years. It started from 2015, 2016, 2017 and 2018. The data were obtained from the Indonesia Stock Exchange.The results showed there were four companies that had potency to bankruptcy from five companies in the Telecommunications Sector that were Listed on the Indonesia Stock Exchange in 2015, 2016, 2017 and 2018. The four companies are PT Indosat Tbk, PT XL Axiata Tbk, PT Smartfren Telecom Tbk, and PT Bakrie Telecom Tbk because the Z value of each company is less than 1,81. Meanwhile, the company that has not a potential to bankruptcy in the Telecommunications Sector are PT Telekomunikasi Indonesia Tbk because the Z value of the company is more than 2,99