| dc.description.abstract | The Research ais to determine and to analyze the level of the
company’sfinancial performance, predicting bankruptcy using altman Z-Score. The
problem that is this research is how the level of financial performance predicting
bankruptcy based on Altman Z-Score model.
This study uses secondary data that is the annual financial statement
published by bank. The source data used this study form PT. Bank Rakyat
Indonesia(Persero), Tbk, in the form of financial statements in 2005-2008. The
bankruptcy prediction analysis based on Altman Z-Score uses 5 ratios that can be
combined to see the difference between healty companies abd the companies that will
have problems or bankruptcy. Ratios include : (1) Working capital to total asset
ratio, (2) Retained earning to total assets ratio, (3) Earning before interst and taxes
to total assset ratio, (4) Market value of equity to total debt ratio, (5) Sales to total
assets ratio.
He result of this study shows that for 3 consecutive years the value of
Altman Z-Score owned by Pt. Bank Rakyat Indonesia (Persero), Tbk is still below 1,2
that are 0,471, 0,450, 0,421, and 0,377. it means that the company is in condition to
face the threat of bankruptcy. But the implementation of banking in Indonesia, has
many policies of the goverment and many factors thatinfluence it so that the banks
taht are predicted to go bankruptcy still run the banking operations.
Key word : Bankruptcy, Banking, Altman Z-Score Method. | en_US |
