PENGARUH PROFITABILITAS, LEVERAGE DAN ARUS KAS TERHADAP FINANCIAL DISTRESS PADA PERUSAHAAN SEKTOR KESEHATAN YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) PERIODE TAHUN (2016-2022)

Yeyen Nova Kustanti

Abstract


This research aims to determine the effect of profitability (X1), leverage (X2), and cash flow (X3) on financial distress (Y) in health sector companies listed on the Indonesia Stock Exchange (BEI) for the period (2016-2022). In this research, the method used is a quantitative approach with descriptive methods and verification with multiple linear regression analysis and data processing using SPSS 25.0. This research was conducted on 17 health sector companies listed on the Indonesia Stock Exchange. The research sample consisted of 119 data. Based on the research that has been carried out on the results of analysis regarding the influence of profitability, leverage and cash flow on financial distress, the following conclusions can be drawn, Profitability has a positive and significant effect on financial distress. Leverage has a negative and significant effect on financial distress. Cash flow has a positive and significant effect on financial distress.

Keywords: Profitability, Leverage, Cash Flow, Financial Distress


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