Predicting Firms’ Financial Distress: A Case Study

Samirah Dunakhir(1*),

(1) Faculty of Economics and Business, Universitas Negeri Makassar
(*) Corresponding Author



This study aims to predict the company's financial condition related to financial distress. The analysis was carried out during the COVID-19 pandemic, specifically for coal mining companies listed on the Indonesia Stock Exchange (IDX). The annual financial reports of coal mining companies during the COVID-19 pandemic were collected and analyzed using Altman Z-Score models. The result shows that most of the companies are in the distress category. This shows that the COVID-19 pandemic situation has also hit large companies in Indonesia.


Financial distress; financial statements; Altman Z-Score

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