Analysis Of The Use Of Altman, Springate And Zmijewski Models In Predicting Financial Distress In Perumda Tirta Pakuan Bogor City

Abstract

The purpose of this study was to determine whether Perumda Tirta Pakuan Bogor experienced financial distress during the 2017-2022 period according to the Altman, Springate and Zmijewski models, and to find out how the use of the Altman, Springate, Zmijewski models in predicting the possibility of financial distress. This research uses a descriptive method with a quantitative approach. The data used in this study are secondary data in the form of annual company financial reports. This study uses the population of the Tirta Pakuan Regional Public Company of Bogor City for the 2017-2022 period. The sample in this study was purposive sampling. The results of predicting financial distress using the Altman method. Springate and Zmijewski show that they do not experience financial distress with all non-distress results.