Pengaruh Likuiditas Terhadap Risiko Kebangkrutan Suatu Perusahaan
DOI:
https://doi.org/10.59435/gjmi.v2i7.683Keywords:
LikuiditasAbstract
Artikel ini bertujuan untuk mengevaluasi dampak likuiditas terhadap kemungkinan kebangkrutan PT Bata, salah satu perusahaan ternama dalam industri alas kaki. Penelitian ini menggunakan data keuangan dari laporan tahunan PT Bata selama lima tahun terakhir (2019-2023). Likuiditas perusahaan diukur menggunakan dua rasio utama, yaitu rasio lancar (current ratio) dan rasio cepat (quick ratio), yang menggambarkan kemampuan perusahaan dalam memenuhi kewajiban jangka pendeknya. Risiko kebangkrutan dievaluasi menggunakan model Altman Z-score, sebuah alat prediktif yang menggabungkan berbagai rasio keuangan untuk menilai kesehatan keuangan perusahaan dan memprediksi kebangkrutan. Hasil analisis menunjukkan bahwa terdapat hubungan yang signifikan antara penurunan likuiditas dan peningkatan risiko kebangkrutan. Current ratio dan quick ratio yang semakin menurun dari tahun ke tahun menunjukkan bahwa PT Bata mengalami kesulitan dalam menjaga tingkat likuiditas yang sehat. Z-score yang dihitung juga menunjukkan tren penurunan yang mengkhawatirkan, dengan skor yang mendekati atau bahkan berada di bawah ambang batas yang mengindikasikan risiko kebangkrutan. Temuan ini menekankan pentingnya manajemen likuiditas yang efektif dalam menjaga stabilitas keuangan dan keberlanjutan operasional PT Bata. Untuk mengurangi risiko kebangkrutan, perusahaan disarankan untuk meningkatkan pengelolaan kas, mengurangi biaya operasional, dan mengadopsi strategi penjualan yang lebih agresif. Penelitian ini memberikan kontribusi penting bagi literatur keuangan dengan mengilustrasikan betapa krusialnya likuiditas dalam mempengaruhi stabilitas keuangan perusahaan.
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