ANALISIS TINGKAT KESEHATAN KEUANGAN PERUSAHAAN TELEKOMUNIKASI DI BURSA EFEK INDONESIA

2016Analysis of the Financial Health of Telecommunication Company\ud in Indonesia Stock Exchange \ud Arifuddin Budiman\ud Cepi Pahlevi \ud Armayah\ud This study aims to describe the financial health of the telecommunications \ud company listed on the Indonesia Stock Exchange period 2010 -2014 by Altman\ud Z-Score modifiksai. This study uses secondary data telecommunications\ud company, PT XL Axiata Tbk, PT Bakrie Telecom Tbk, PT Indosat Tbk, PT\ud Telkom Indonesia Tbk and Smartfren listed in Indonesia Stock Exchange 20102014\ud period\ud by\ud using\ud descriptive\ud analysis\ud techniques\ud keuantitatif.\ud The\ud data\ud in\ud this\ud \ud study\ud \ud is the Altman Z-score uses 4 ratio, ie working capital to total assets ratio\ud (X1), retained earnings to total assets ratio (X2), earnings before interest and\ud taxes to total assets ratio (X3), book value of equity to total liabilities (X4). The\ud formula of Altman Z-score method to calculate the level of health of the company,\ud namely Z-score = 6,56 X1 + X2 + 6.72 3.26 + 1.05 X3 X4. Z-Score indicator to\ud determine the bankruptcy of companies grouped into the healthy category (Zscore>\ud 2.60),\ud gray\ud area\ud (Z-score\ud between\ud 1.1\ud and\ud 2.60)\ud and\ud bankruptcy\ud (Z-score\ud \ud