Analysis Of Financial Performance Against Financial Distress In Textile and Garment Companies
DOI:
https://doi.org/10.32528/issh.v2i3.433Keywords:
Financial Distress, Liquidity, Leverage, ProfitabilityAbstract
The purpose of this quantitative research is to find out how Liquidity, Leverage, and Profitability affect Financial Distress. Textile and Garment sub-sector manufacturing companies are the sample subjects in this study. The period used in this study is 5 years, namely from 2017-2021. Purposive sampling is the sampling method used in this study. A total of 12 companies made up the study's final sample. The type of data used in this study was secondary data, which was analyzed using descriptive statistics and panel data regression analysis methods with the use of Eviews 12. The results showed that Liquidity has no effect on Financial Distress, Leverage has a negative and significant effect on Financial Distress, because when the leverage value increases, the likelihood that the companies will be in financial distress will also rise. Meanwhile, Financial Distress has no influence with Profitability
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