PENGARUH ARUS KAS PENDANAAN, LABA BERSIH, DAN LEVERAGE TERHADAP FINANCIAL DISTRESS DENGAN PROFITABILITAS SEBAGAI VARIABEL MODERASI PADA PERUSAHAAN SUB SEKTOR TEKSTIL DAN GARMEN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2017-2021

Ardhiyan Muzaki, 2022. The Effect of Funding Cash Flow, Net Profit, and Leverage on Financial Distress with Profitability as a Moderating Variable in Textile and Garment Sub-Sector Companies Listed on the Indonesia Stock Exchange for the 2017-2021 Period. The objectives of this research are: 1). To determine the effect of funding cash flow on financial distress, 2). To determine the effect of net income on financial distress, 3). To determine the effect of leverage on financial distress, 4). To determine the effect of funding cash flow on financial distress with profitability as a moderating variable, 5). To determine the effect of net income on financial distress with profitability as a moderating variable, 6). To determine the effect of funding cash flow, net income, and leverage together on financial distress. This study uses quantitative methods. The data collection technique used is documentation, namely secondary data in the form of annual company financial statements. The population in this study is the entire main board index of the textile and garment sub-sectors listed on the Indonesia Stock Exchange in 2017-2021, totaling 21 companies. The sample of this study amounted to 19 companies selected based on purposive sampling. The data analysis technique used is multiple regression analysis. The conclusions of this study are 1) Funding cash flow partially has no effect on financial distress with a significant value of 0.885 > 0.05 so that the first hypothesis is rejected. 2) Net income partially affects financial distress with a significant value of 0.000 0.05 so that the fourth hypothesis is rejected. 5) Net income partially affects financial distress with profitability as a moderating variable with a significant value of 0.000 <0.05 so that the fifth hypothesis is accepted as true. 6) Leverage partially affects financial distress with profitability as a moderating variable with a significant value of 0.011