Abstract
This research was conducted to find out the average value of financial ratios used as a Z-score analysis, topredict bankruptcy, and to find out the development trend (tendency) of the Z-score value in retailcompanies listed on the Indonesia Stock Exchange. The research method used in this study is a quantitativeanalysis method. The research object is a retail company listed on the Indonesia Stock Exchange whichwas selected through the purposive sampling stage or according to the criteria, and has audited financialstatements available as secondary data. The result is that there are three retail companies on the IndonesiaStock Exchange which are predicted to experience bankruptcy based on the distress zone condition or thecondition of financial difficulties within the company, namely; PT Global Teleshop Tbk with a period offour years (2016-2019), PT Matahari Putra Prima Tbk with a period of three years (2017-2019), PTTrikomsel Oke Tbk with a period of five years (2015-2019).
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