ABSTRAK
PENGARUH FINANCIAL LEVERAGE TERHADAP FINANCIAL DISTRESS PADA PERUSAHAAN PERTAMBANGAN YANG
TERDAFTAR DI BURSA EFEK INDONESIA
Penelitian ini bertujuan untuk mengetahui pengaruh debt to total asset ratio, debt to total equity ratio, long term debt to total asset ratio, dan long term debt to total equity ratio terhadap financial distress baik secara parsial maupun simultan.
Populasi dalam penelitian ini adalah seluruh laporan keuangan perusahaan pertambangan yang terdaftar di Bursa Efek Indonesia tahun 2012-2014. Pemilihan sampel dilakukan dengan metode purposive sampling, sehingga diperoleh 16 sampel selama tahun 2012-2014. Data yang digunakan merupakan data sekunder yang berasal dari laporan keuangan perusahaan. Metode analisis data penelitian ini yaitu analisis regresi berganda.
Pengujian melalui regresi berganda membuktikan bahwa secara simultan variabel independen tidak berpengaruh terhadap financial laverage, sedangkan secara parsial hanya debt to total asset ratio dan debt to total equity ratio yang berpengaruh signifikan terhadap financial laverage. Hasil dari penelitian ini dapat membantu perusahaan dalam menganalisis dan menilai kondisi keuangan perusahaan itu sendiri.
Kata Kunci: Financial Distress, Debt to Total Asset Ratio, Debt to Total Equity Ratio, Long Term Debt to Total Asset Ratio, dan Long Term Debt to Total Equity Ratio
ABSTRACT
THE INFLUENCE OF FINANCIAL LAVERAGE ON FINANCIAL DISTRESS AT MINING COMPANY LISTED ON INDONESIA
STOCK EXCHANGE
This study is aimed to determine the effect of debt to total asset ratio, debt to total equity ratio, long term debt to total asset ratio, andlong term debt to total equity ratio toward the financial distress partially and simultaneously.
The population of the study is the financial reports of mining companies listed on the Indonesia Stock Exchange in 2012-2014. The sample method is purposive sampling method, so it obtains 16 samples during the years 2012-2014. The data used are secondary data derived from the financial reports. Method of data analysis of this study is multiple regression analysis.
Testing through multiple regression analysis demonstrates that simultaneous independent variables don’t affect the financial distress, while only debt to total asset ratioanddebt to total equity ratio partially affect the financial distress. This result is recommended for the company to analyze and assess their own financial condition.
Keywords: Financial Distress, Debt to Total Asset Ratio, Debt to Total Equity Ratio, Long Term Debt to Total Asset Ratio, andLong Term Debt to Total Equity Ratio
