The Influence of Debt to Asset Ratio and Return on Equity on Financial Distress Intelecommunication Subsector Companies Listed on the Indonesian Stock Exchange Year 2014 – 2023

Abstract

Using the Altman Z-Score bankruptcy prediction method, this study seeks to ascertain how financial hardship is impacted by the debt-to-asset ratio and return on equity. An associative descriptive method with a quantitative approach is the research methodology employed. The study's population consisted of 21 infrastructure businesses in the telecommunications subsector that were listed on the Indonesia Stock Exchange between 2014 and 2023. Purposive sampling was used to choose the study's sample, which included six telecommunications subsector organizations across a ten-year observation period, yielding 60 sample data. Panel data regression analysis with the E-Views 12 program is utilized for hypothesis testing in this study, with a 5% confidence level.