Pengaruh Rasio Likuiditas, Solvabilitas dan Profitabilitas Terhadap Financial Distress Pada Perusahaan Sub Sektor Perdagangan Eceran (Bursa Efek Indonesia Periode 2016-2020)

Abstract

This study was conducted to determine the effect of the liquidity ratio proxied by the current ratio, solvency as proxied by the debt to asset ratio and profitability as proxied by return on assets on financial distress in retail trading sub-sector companies (Indonesian Stock Exchange 2016-2020 period). This study uses a quantitative method with a verification approach. The research sample amounted to 10 retail trade sub-sector companies with a research period of 5 years taken using a purposive sampling technique so that the number of data studied was 50 data. This study uses multiple linear regression analysis to determine the effect of the independent variable on the dependent variable either partially or simultaneously. The results of data analysis show that partially the ratio of liquidity, solvency and profitability has an influence on financial distress. Simultaneously the ratio of liquidity, solvency and profitability has an influence on the financial distress of retail trading sub-sector companies listed on the IDX in 2016-2020.