PENGARUH LIKUIDITAS, LEVERAGE, DAN ARUS KAS TERHADAP PREDIKSI FINANCIAL DISTRESS PERUSAHAAN

The purpose of this study was to analyze the effect of liquidity, leverage, and cash flow to predicting financial distress. This research was conducted on manufacture companies listed on the Indonesia Stock Exchange (IDX) from 2013-2017. The population in this study amounted to 138 companies using purposive sampling method and obtained sample results with a total of 411 financial reports. Financial distress here was counted by Altman Z- score method. The results showed the logistic regression model is Y=2,512- 1,32X1+ 0,086X2- 7,405X3. That is, liquidity ratio (X1), leverage ratio (X2), and operation cash flow (X3). The results of the study indicate that liquidity has a negative effect on financial distress with  significant level of 0,000, leverage has a positive effect on financial distress with significant level of 0,042, and operation cah flow has a negative effect on financial distress with significant level of 0,000.The purpose of this study was to analyze the effect of liquidity, leverage, and cash flow to predicting financial distress. This research was conducted on manufacture companies listed on the Indonesia Stock Exchange (IDX) from 2013-2017. The population in this study amounted to 138 companies using purposive sampling method and obtained sample results with a total of 411 financial reports. Financial distress here was counted by Altman Z- score method. The results showed the logistic regression model is Y=2,512- 1,32X1+ 0,086X2- 7,405X3. That is, liquidity ratio (X1), leverage ratio (X2), and operation cash flow (X3). The results of the study indicate that liquidity has a negative effect on financial distress with  significant level of 0,000, leverage has a positive effect on financial distress with significant level of 0,042, and operation cah flow has a negative effect on financial distress with significant level of 0,000