PREDIKSI FINANCIAL DISTRESS PADA PT FIRST MEDIA TBK MENGGUNAKAN METODE ALTMAN Z”-SCORE, GROVER, SPRINGATE, DAN ZMIJEWSKI PERIODE 2014–2023

Abstract

The purpose of this study is to predict financial distress using the Altman Z”-Score, Grover, Springate, and Zmijewski methods at PT First Media Tbk. The independent variables used in this study are Altman Z”-Score, Grover, Springate, and Zmijewski, while the dependent variable is financial distress. The method used is a quantitative method using a descriptive approach. The population in this study is the company's financial statements, while the sample used is the balance sheet and income statement for 10 years from 2014–2023. The results show that Financial Distress Prediction using the Altman Z”-Score, Grover, and Springate methods has a positive and significant effect as a bankruptcy prediction tool for telecommunications and media companies. While the Zmijewski method can predict bankruptcy but the prediction results are less accurate for telecommunications and media companies.