Proceedings of the 1st International Conference on Social Environment Diversity (ICOSEND 2024)

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Analysis of Financial Performance Before and During the Covid-19 Pandemic on The Risk of Bankruptcy of LQ45 Companies

Authors
Alfiatul Maulida1, *, Nur Anita Chandra Putry1, Dinar Fitri Ika Putrirahayu1
1Universitas Sarjanawiyata Tamansiswa, Yogyakarta, Indonesia
*Corresponding author. Email: alfiatulmaulida@ustjogja.ac.id
Corresponding Author
Alfiatul Maulida
Available Online 28 February 2025.
DOI
10.2991/978-2-38476-366-5_18How to use a DOI?
Keywords
Financial performance; Risk; Ratio Analysis; Bankruptcy
Abstract

Analysis of Financial Performance Before and During the COVID-19 Pandemic Against the Risk of Bankruptcy of LQ45 Companies. The decline in performance every day if it lasts for one year or even more, will make the company bankrupt. To find out whether financial performance before and during the spread of the COVID-19 Pandemic had a positive or negative effect on financial performance, companies listed on the IDX, financial ratio analysis was carried out using the Profitability Ratio, Liquidity Ratio, and Solvency Ratio. To determine the prediction of company bankruptcy, the indicator used is the Altman Z-Score Method because this method is accurate enough to predict company bankruptcy and to determine the company’s health condition. [2]. The results showed that Based on the results of SPSS data processing that has been carried out by researchers, the conclusion that the debt to asset ratio before (DARs) covid-19 has a significant influence on financial distress. Meanwhile, the ratio (ROAs) and (CRs) do not have a significant influence on the company’sfinancial distress. In conditions during the pandemicratio return on assets (ROAsa) has a significant effect on financial distress. Meanwhile, the ratios (CRsa) and (DARsa) during the covid-19 pandemic did not have a significant effect onfinancial distress.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 1st International Conference on Social Environment Diversity (ICOSEND 2024)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
28 February 2025
ISBN
978-2-38476-366-5
ISSN
2352-5398
DOI
10.2991/978-2-38476-366-5_18How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Alfiatul Maulida
AU  - Nur Anita Chandra Putry
AU  - Dinar Fitri Ika Putrirahayu
PY  - 2025
DA  - 2025/02/28
TI  - Analysis of Financial Performance Before and During the Covid-19 Pandemic on The Risk of Bankruptcy of LQ45 Companies
BT  - Proceedings of the 1st International Conference on Social Environment Diversity (ICOSEND 2024)
PB  - Atlantis Press
SP  - 190
EP  - 203
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-366-5_18
DO  - 10.2991/978-2-38476-366-5_18
ID  - Maulida2025
ER  -