Abstract
AbstractThis study aims to analyze financial distress conditions in PT XYZ. This private company produces chemicals and fertilizers in Indonesia and sells them in Indonesia and globally. PT XYZ is chosen because it is Indonesia's biggest and most complete fertilizer industry. This study used secondary data taken from the business enterprise’s economic statements on the company’s official website from 2016 to 2020. The Altman Z-Score model for production non-public corporations is set as the method used. The study used many ratios to calculate financial distress, working capital ratio (ratio between working/operational capital and total/overall assets), retained earnings ratio (retained earnings divided by total assets), EBIT (ratio between earnings before interest and tax and total assets), and also ratio between the book value of the equity and total liabilities.
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