Pengaruh Likuiditas, Laba, Dan Arus Kas Dapat Memprediksi Kondisi Financial Distress Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia
- Bentoel International Investama Tbk. √ - - - Berlina Tbk. √ √ √ √
- Centex Saham Seri B Tbk. √ - - - Champion Pasific Indonesia Tbk. [S] √ √ √ √
- Delta Djakarta Tbk. √ √ √ √
- Eterindo Wahanatama Tbk. [S] √ √ √ √
- Fajar Surya Wisesa Tbk. √ √ √ √
- Indal Aluminium Industry Tbk. √ √ √ √
13 Cahaya Kalbar Tbk. √ √ √ √
25 Gunawan Dianjaya Steel Tbk. [S] √ √ √ √
24 Gudang Garam Tbk. √ √ √ √
23 Goodyear Indonesia Tbk. [S] √ √ √ √
22 Gajah Tunggal Tbk. √ √ √ √
21 Ever Shine Textile Industry Tbk. [S] √
20 Eratex Djaja Tbk **) √
19 Duta Pertiwi Nusantara Tbk. [S] √ - - - Dynaplast Tbk. - - - - Ekadharma International Tbk. [S] √ √ √ √
18 Davomas Abadi Tbk. √
17 Darya-Varia Laboratoria Tbk. [S] √ √ √ √
16 Citra Tubindo Tbk. [S] √ √ √ √
15 Chandra Asri Petrochemical Tbk. [S] √ - - - Charoen Pokphand Indonesia Tbk. [S] √ √ √ √
14 Centex (Preferred Stock) Tbk.***) √
12 Budi Acid Jaya Tbk. √ √ √ √
Nama Perusahaan Kriteria
11 Betonjaya Manunggal Tbk. [S] √ √ √ √
10 Barito Pacific Tbk. [S] √
9 Astra Otoparts Tbk. [S] √ √ √ √
8 Astra International Tbk. [S] √ √ √ √
7 Asia Pacific Fibers Tbk. **)***) √ - - - Asiaplast Industries Tbk. [S] √ √ √ √
6 Asahimas Flat Glass Tbk. [S] √ √ √ √
5 Arwana Citramulia Tbk. [S] √ √ √ √
4 Argo Pantes Tbk. √ √ √ √
√ √ √ √
3 Aneka Kemasindo Utama Tbk. √ - - - Apac Citra Centertex Tbk. √ - - - Aqua Golden Mississippi Tbk. ***) - - - - Argha Karya Prima Ind. Tbk. [S]
2 Alumindo Light Metal Industry Tbk. √ √ √ √
1 Alakasa Industrindo Tbk. [S] √ √ √ √
1 Kriteria 2 Kete- rangan 2010 2011 2013 Akasha Wira International Tbk √ √ √ √
26 Lampiran 1 Daftar Pemilihan Sampel
- Intikeramik Alamasri Industri Tbk. [S]
√
- Itamaraya Tbk.
- Jakarta Kyoei Steel Works Tbk **) √ - - - JAPFA Comfeed Indonesia Tbk. [S] √ √ √ √
- Kedaung Indah Can Tbk. √ - Kedawung Setia Industrial Tbk. [S] √ √ √ √
- Kimia Farma Tbk. [S] √ √ √ √
- Martina Berto Tbk. [S] √ √ √ √
- Pabrik Kertas Tjiwi Kimia Tbk.
40 Jaya Pari Steel Tbk. [S] √ √ √ √
54 Multistrada Arah Sarana Tbk. [S] √ √ √ √
53 Multi Prima Sejahtera Tbk. [S] √ √ √ √
52 Mulia Industrindo Tbk. **) √ - - - Multi Bintang Indonesia Tbk. √ √ √ √
51 Merck Tbk. [S] √ √ √ √
50 Mayora Indah Tbk. [S] √ √ √ √
49 Mandom Indonesia Tbk. [S]
√
48 Malindo Feedmill Tbk. √ √ √ √
47 Lion Metal Works Tbk. [S] √ - - - Lionmesh Prima Tbk. [S] √ √ √ √
46 Krakatau Steel Tbk. [S] √ - - - Langgeng Makmur Industri Tbk. [S] √ √ √ √
45 KMI Wire and Cable Tbk. [S] √ √ √ √
44 Keramika Indonesia Assosiasi Tbk. √ - - - Kertas Basuki Rachmat Ind. Tbk. [S]
√
43 Karwell Indonesia Tbk. **)
√
42 Kalbe Farma Tbk. [S] √ √ √ √
41 Jembo Cable Company Tbk.
√
Kabelindo Murni Tbk. [S] √ √ √ √
√
Nama Perusahaan Kriteria
31 Indocement Tunggal Prakasa Tbk. [S] √ √ √ √
1 Kriteria 2 Keteran gan 2010 2011 2012 Hanson International Seri B Tbk. * √ - - - Hanson International Tbk. **) √ - - - HM Sampoerna Tbk.
√ √ √ √
27 Holcim Indonesia Tbk. [S] √ √ √ √
28 Indah Kiat Pulp & Paper Tbk.
√
29 Indo Acidatama Tbk. [S] √ √ √ √
30 Indo Kordsa Tbk. [S] √ √ √ √
32 Indofarma (Persero) Tbk. [S] √ √ √ √
39 Intanwijaya Internasional Tbk. [S]
√
33 Indofood CBP Sukses Makmur Tbk. √ √ √ √
34 Indofood Sukses Makmur Tbk. √ √ √ √
35 Indomobil Sukses Internasional Tbk. √ √ √ √
36 Indopoly Swakarsa Industry Tbk. √ √ √ √
37 Indorama Synthetics Tbk. [S] √ √ √ √
38 Indospring Tbk. √ √ √ √
55
- Polychem Indonesia Tbk.
- √ √ Prasidha Aneka Niaga Tbk.
- Schering Plough Indonesia Tbk.
- Sekar Laut Tbk. [S] √ √ √ √
- Siantar Top Tbk. [S]
√
- Sierad Produce Tbk. [S]
√
- √ √ Siwani Makmur Tbk. √ - - - Sorini Agro Asia Corporinndo Tbk. √ - - - Sucaco Tbk. √ - - - Sumalindo Lestari Jaya Tbk. √ - - -
- Sunson Textile Manufacture Tbk.
- Suparma Tbk.
- Surya Intrindo Makmur Tbk. **) √ - - - Surya Toto Indonesia Tbk [S] √ √ √ - Taisho Pharmaceutical Indonesia (PS) Tbk.
√
Taisho Pharmaceutical Indonesia Tbk. [S] √ - - - Tembaga Mulia Semanan Tbk.69 Surabaya Agung Industry Pulp Tbk. **
√
68 Supreme Cable Manufacturind and Commerce Tbk. √ √ √ √
√ √ √ √
√
Sumi Indo Kabel Tbk. [S]
√
67 Selamat Sempurna Tbk. [S] √ - - - Semen Gresik (Persero) Tbk. [S] √ - - - Sepatu Bata Tbk. [S]
√
66 Sekawan Intipratama Tbk. [S] √ √ √ √
√
65 Sat NusaPersada Tbk.
√
64 Ricky Putra Globalindo Tbk. [S] √ √ √ √
63 Pyridam Farma Tbk. [S] √ √ √ √
62 Primarindo Asia Infrastructur Tbk. * √ √ √ √
61 Prima Alloy Steel Tbk. √ √ √ √
√ √ √ √
√
√
60 Panasia Filament Inti Tbk. **) √ - - - Panasia Indo Resources Tbk. √ - - - Pelangi Indah Canindo Tbk. √ - - - Pelat Timah Nusantara Tbk. [S]
59 Pan Brothers Tex Tbk. √ √ √ √
√ √ √ √
58 Nusantara Inti Corpora Tbk. [S] √ √
57 Nipress Tbk. √ √ √ √
1 Kriteria 2 Keteran gan 2010 2011 2012 Nippon Indosari Corpindo Tbk √ √ √ √
Nama Perusahaan Kriteria
√
- √ √ Tempo Scan Pacific Tbk. [S] √ - √ √
Nama Perusahaan Kriteria
1 Kriteria 2 Keteran gan 2010 2011 2012 Tiga Pilar Sejahtera Food Tbk. √ √ √ √
70 Tirta Mahakam Resources Tbk. √ - - - Titan Kimia Nusantara Tbk. [S] - - - - Unggul Indah Cahaya Tbk. [S] √ √ √ √
73 Unilever Indonesia Tbk. [S] ***) √ √ √ √
74 Unitex Tbk. **) √ - - - Voksel Electric Tbk. [S] √ √ √ √
75 Yanaprima Hastapersada Tbk. [S] √ - - - Lampiran 2 Daftar Sampel Perusahaan
No Kode Nama Perusahaan
27 HMSP HM Sampoerna Tbk.
21 ETWA Eterindo Wahanatama Tbk.
22 FASW Fajar Surya Wisesa Tbk.
23 GJTL Gajah Tunggal Tbk.
24 GDYR Goodyear Indonesia Tbk.
25 GGRM Gudang Garam Tbk.
26 GDST Gunawan Dianjaya Steel Tbk.
28 SMCB Holcim Indonesia Tbk.
19 DLTA Delta Djakarta Tbk.
29 INAI Indal Aluminium Industry Tbk.
30 SRSN Indo Acidatama Tbk.
31 BRAM Indo Kordsa Tbk.
32 INTP Indocement Tunggal Prakasa Tbk.
33 INAF Indofarma (Persero) Tbk.
34 ICBP Indofood CBP Sukses Makmur Tbk.
20 EKAD Ekadharma International Tbk.
18 DVLA Darya-Varia Laboratoria Tbk.
1 ADES Akasha Wira International Tbk 2 ALKA Alakasa Industrindo Tbk.
9 ASII Astra International Tbk.
3 ALMI Alumindo Light Metal Industry Tbk.
4 AKPI Argha Karya Prima Ind. Tbk.
5 ARGO Argo Pantes Tbk.
6 ARNA Arwana Citramulia Tbk.
7 AMFG Asahimas Flat Glass Tbk.
8 APLI Asiaplast Industries Tbk.
10 AUTO Astra Otoparts Tbk.
17 CTBN Citra Tubindo Tbk.
11 BRNA Berlina Tbk.
12 BTON Betonjaya Manunggal Tbk.
13 BUDI Budi Acid Jaya Tbk.
14 CEKA Cahaya Kalbar Tbk.
15 IGAR Champion Pasific Indonesia Tbk.
16 CPIN Charoen Pokphand Indonesia Tbk.
35 INDF Indofood Sukses Makmur Tbk.
36 IMAS Indomobil Sukses Internasional Tbk.
64 PYFA Pyridam Farma Tbk.
57 ROTI Nippon Indosari Corpindo Tbk 58 NIPS Nipress Tbk.
59 TKIM Pabrik Kertas Tjiwi Kimia Tbk.
60 PBRX Pan Brothers Tex Tbk.
61 PSDN Prasidha Aneka Niaga Tbk.
62 PRAS Prima Alloy Steel Tbk.
63 BIMA Primarindo Asia Infrastructur Tbk.
65 RICY Ricky Putra Globalindo Tbk.
55 MASA Multistrada Arah Sarana Tbk.
66 SKBM Sekar Laut Tbk.
67 SIAP Sekawan Intipratama Tbk.
68 SPMA Suparma Tbk.
69 SCCO Supreme Cable Manufacturind and Commerce Tbk.
70 AISA Tiga Pilar Sejahtera Food Tbk.
71 TRST Trias Sentosa Tbk.
56 MRAT Mustika Ratu Tbk.
54 LPIN Multi Prima Sejahtera Tbk.
37 IPOL Indopoly Swakarsa Industry Tbk.
44 KDSI Kedawung Setia Industrial Tbk.
38 INDR Indorama Synthetics Tbk.
39 INDS Indospring Tbk.
40 JPFA JAPFA Comfeed Indonesia Tbk.
41 JPRS Jaya Pari Steel Tbk.
42 KBLM Kabelindo Murni Tbk.
43 KLBF Kalbe Farma Tbk.
45 KAEF Kimia Farma Tbk.
53 MLBI Multi Bintang Indonesia Tbk.
46 KBLI KMI Wire and Cable Tbk.
47 LPMI Langgeng Makmur Industri Tbk.
48 LMSH Lionmesh Prima Tbk.
49 MAIN Malindo Feedmill Tbk.
50 MBTO Martina Berto Tbk.
51 MYOR Mayora Indah Tbk.
52 SCPI Merck Tbk.
72 ULTJ Ultra Jaya Milk Tbk.
1,01 0,0903 0,0614
1,45 0,0564 0,2019 24 2012
0,97 0,1233 0,0458 17 2011
1,02 0,1562 0,0120 18 2012
1,17 0,2265 0,0481
19 AMFG 2010
3,94 0,1850 0,2281 20 2011
4,42 0,1660 0,2181 21 2012
3,89 0,1489 0,2080
22 APLI 2010
1,86 0,0981 0,2018 23 2011
1,44 0,0179 0,0239
1 0,79
25 ASII 2010
1,27 0,2461 0,0618 26 2011
1,34 0,1670 0,0850 27 2012
1,40 0,1531 0,0607
28 AUTO 2010
1,73 0,2496 0,0869 29 2011
1,33 0,1802 0,0525 30 2012
1,16 0,1422 0,0734
31 BRNA 2010
1,33 0,0858 0,0753 32 2011
16 ARNA 2010
1 1,04
74 UNVR Unilever Indonesia Tbk.
1,26 0,0481 0,0394 6 2012
75 VOKS Voksel Electric Tbk. Lampiran 3 Daftar Rasio Likuiditas, Laba, dan Arus Kas
No Perusahaan Tahun Financial
Distress Likuiditas Laba Arus Kas
1 ADES 2010
1,51 0,1034 0,0483 2 2011
1,71 0,0937 0,0468 3 2012
1,94 0,1969 0,1011
4 ALKA 2010
1,50 0,0340 0,1081 5 2011
1,64 0,0421 0,0241
0,62 0,0407 0,0166 14 2011
7 ALMI 2010
0,87 0,0399 0,0375 8 2011
1,21 0,0253 0,0553 9 2012
1 1,29
0,0014 0,0253
10 AKPI 2010
0,56 0,0692 0,0531 11 2011
0,72 0,0503 0,0634 12 2012
0,91 0,0338 0,0313
13 ARGO 2010
- 0,1147 0,0167 15 2012
- 0,0801 0,0084
34 BTON 2010
0,77 0,0700 0,0098
6,33 0,2723 0,3511 56 2011
6,09 0,2942 0,3543 57 2012
5,26 0,3857 0,3901
58 EKAD 2010
1,76 0,1647 0,0083 59 2011
1,90 0,1482 0,0297 60 2012
2,41 0,1750 0,0235
61 ETWA 2010
1,14 0,0886 0,0059 62 2011
1,01 0,1449 0,0129 63 2012
64 FASW 2010
4,31 0,1902 0,2725
0,84 0,0848 0,0378 65 2011
1,32 0,0369 0,0086 66 2012
1 0,58
0,0020 0,0131
67 GJTL 2010
1,70 0,1080 0,0813 68 2011
1,75 0,0741 0,0508 69 2012
1,72 0,1132 0,0703
70 GDYR 2010
0,86 0,0675 0,0980 71 2011
0,85 0,0239 0,0972 72 2012
55 DLTA 2010
4,89 0,1792 0,2763 54 2012
3,60 0,1264 0,3260 35 2011
43 IGAR 2010
3,14 0,2063 0,0011 36 2012
3,30 0,2232 0,3488
37 BUDI 2010
1,03 0,0365 0,0903 38 2011 0,0424 0,0597 39 2012
1 1,13
0,0054 0,0429
40 CEKA 2010
1,67 0,0474 0,0092 41 2011
1,69 0,1582 0,0145 42 2012
0,99 0,0814 0,0151
7,21 0,1533 0,4749 44 2011
3,76 0,1802 0,2956 53 2011
5,77 0,2018 0,3876 45 2012
4,36 0,1881 0,1607
46 CPIN 2010
2,93 0,4323 0,2019 47 2011
3,33 0,3361 0,0990 48 2012
3,31 0,2734 0,0773
49 CTBN 2010
1,38 0,0949 0,1573 50 2011
2,19 0,2484 0,3446 51 2012
1,79 0,1746 0,1061
52 DVLA 2010
0,89 0,0734 0,0703
74 2011 2,24
1,91 0,1185 0,2435 105 2012
1 1,55
0,0278 0,1647 98 2011 1,54
0,0495 0,1197 99 2012 2,10
0,0519 0,1640 100
ICBP 2010
2,60 0,1885 0,2550 101 2011
2,87 0,1803 0,2904 102 2012
2,76 0,1705 0,3089
103
INDF 2010
2,04 0,1149 0,2208 104 2011
2,00 0,1063 0,2249
6,03 0,2742 0,4603
106
IMAS 2010
1,06 0,0761 0,0613 107 2011
1,36 0,1608 0,2173 108 2012
1,23 0,0610 0,0645
109
IPOL 2010
1,21 0,1068 0,1246 110 2011
0,86 0,0326 0,0003 111 2012
0,88 0,0324 0,0228
112
INDR 2010
97 INAF 2010
6,98 0,2594 0,3782 96 2012
0,1831 0,0280 75 2012 2,17
1,40 0,1539 0,0457
0,1332 0,0309
76 GDST 2010
1,69 0,1998 0,0035 77 2011
3,02 0,1431 0,0036 78 2012 0,0531 0,2895
79 HMSP 2010
1,61 0,4262 0,1564 80 2011
1,77 0,5645 0,1071 81 2012
1,78 0,5099 0,0299
82 SMCB 2010
1,66 0,1100 0,1983 83 2011
1,47 0,1400 0,1030 84 2012
85 INAI 2010
5,55 0,3068 0,3053 95 2011
1,40 0,0787 0,0118 86 2011
1,19 0,0563 0,0064 87 2012
1,99 0,0496 0,0068
88 SRSN 2010
2,42 0,0390 0,0116 89 2011
3,17 0,0936 0,0081 90 2012
2,75 0,0640 0,0466
91 BRAM 2010
4,01 1,0815 0,0312 92 2011
2,79 0,0369 0,0568 93 2012
2,13 0,1101 0,0188
94 INTP 2010
1,09 0,0548 0,0193
114 2012 1,12
2,28 0,1319 0,0150 143 2011
2010 2,72
0,0696 0,0624 137 2011 2,19
0,0869 0,0988 138 2012 3,07
0,1485 0,0589 139
LPMI 2010
1 1,76
0,0075 0,0587 140 2011
1 1,48
0,0113 0,0195 141 2012
1 1,24
0,0062 0,0067 142
LMSH 2010
2,33 0,1545 0,0634 144 2012
2,80 0,1117 0,1524
4,07 0,3506 0,2679
145 MAIN
2010 1,42
0,1694 0,0896 146 2011 1,40
0,2738 0,0902 147 2012 1,05
0,2128 0,0503 148
MBTO 2010
1,59 0,1459 0,0383 149 2011
4,08 0,1004 0,3497 150 2012
3,71 0,0977 0,1961
151 MYOR
2010 2,58
0,1497 0,1073 152 2011 2,22
136 KBLI
2,75 0,1293 0,1111 135 2012
0,0053 0,1310 115
2010
INDS 2010
1,39 0,1346 0,0176 116 2011
2,40 0,1410 0,0969 117 2012
2,33 0,1086 0,0397
118 2010 0,2058 0,1092 119 2011 1,59
0,1055 0,1001 120 2012 1,82
0,1245 0,0796 121
JPRS 2010
2,77 0,0940 0,0305 122 2011
3,38 0,1104 0,0256 123 2012
6,70 0,0308 0,0025
124 KBLM
1 1,02
2,43 0,1078 0,1602 134 2011
0,0145 0,0355 125 2011 0,93
0,0396 0,0201 126 2012 0,98
0,0443 0,0101 127
KLBF 2010
4,38 0,2518 0,2704 128 2011
3,67 0,2401 0,2769 129 2012
4,98 0,2450 0,1974
130 KDSI
2010 1,25
0,0348 0,0473 131 2011 1,34
0,0526 0,0147 132 2012 1,59
0,0830 0,0228 133
KAEF 2010
0,0949 0,0493
154 SCPI
0,0744 0,1255 184
2010 2,19
0,0266 0,0607 176 2011 1,92
0,0352 0,0678 177 2012 2,41
0,0155 0,0673 178
PBRX 2010
1,23 0,0498 0,0308 179 2011
1,44 0,0596 0,1167 180 2012
1,31 0,0546 0,0856
181 PSDN
2010 1,37
0,0946 0,0915 182 2011 1,55
0,0881 0,1047 183 2012 1,61
PRAS 2010
1,10 0,0559 0,0150
1 1,44
0,0051 0,0401 185 2011 1,14
0,0121 0,0250 186 2012 1,11
0,0173 0,0020 187
BIMA 2010
0,56 0,1433 0,0250 188 2011
0,52 0,0515 0,0379 189 2012
0,55 0,0913 0,0653
190 PYFA
2010 3,01
0,0560 0,0382 191 2011 2,54
0,0600 0,3771 192 2012 2,41
175 TKIM
1,08 0,0555 0,0120 174 2012
2010 6,23
0,67 0,0748 0,0148 164 2011
0,6514 0,5836 155 2011 7,52
0,4847 0,4342 156 2012 3,87
0,2562 0,2521 157
MLBI 2010
0,95 0,5225 0,1816 158 2011 0,5574 0,2034 159 2012
0,58 0,5271 0,0860
160 LPIN
2010 2,52
0,1227 0,2565 161 2011 2,94
0,1011 0,2319 162 2012 2,90
0,1138 0,2852 163
MASA 2010
0,48 0,0187 0,0094 165 2012
1,02 0,0522 0,0286 173 2011
1 1,39
0,0024 0,0743 166
MRAT 2010
7,38 0,0853 0,2096 167 2011
6,07 0,0869 0,1508 168 2012
6,02 0,0934 0,1308
169 ROTI
2010 2,23
0,2369 0,2124 170 2011 1,28
0,2041 0,0637 171 2012 1,12
0,1658 0,0314 172
NIPS 2010
0,0587 0,0393
194 2011 1,78
0,0176 0,0536 218 2011 1,60
0,0892 0,0394 212 2011 1,40
0,0874 0,0270 213 2012 1,30
0,0369 0,0202 214
ULTJ 2010
2,00 0,1011 0,1909 215 2011
1,48 0,0719 0,1113 216 2012
2,02 0,1892 0,2214
217 UNIC
2010 1,87
0,0309 0,0444 219 2012 1,67
211 TRST
0,0192 0,0496 220
UNVR 2010
0,85 0,5224 0,0365 221 2011
0,68 0,5318 0,0321 222 2012
0,67 0,5396 0,0192
223
VOKS 2010
1 1,47
0,0151 0,0330 224 2011 1,48
0,0896 0,0845 225 2012 1,34
2010 1,23
1,27 0,0839 0,0264
0,0244 0,0354 195 2012
0,0260 0,0080 202
1 2,25
0,0201 0,0683 196
SKBM 2010
1,88 0,0310 0,0262 197 2011
3,40 0,0374 0,0438 198 2012 0,0467 0,0181
199 SIAP
2010 1,87
0,0478 0,0898 200 2011
1 2,08
0,0280 0,0137 201 2012 1,32
SPMA 2010
1,89 0,0516 0,1768 210 2012
1,15 0,0298 0,0042 203 2011
1,22 0,0286 0,0191 204 2012
2,65 0,0322 0,0244
205 SCCO
2010 1,26
0,0714 0,0874 206 2011 1,29
0,0996 0,1987 207 2012 1,46
0,1511 0,1751 208
AISA 2010
1,29 0,0486 0,0080 209 2011
0,1087 0,0924 Lampiran 4 Uji Asumsi Klasik b
Variables Entered/Removed Model Variables Variables
Entered Removed Method
1 Arus Kas, Laba, . Enter a Likuiditas a. All requested variables entered.
b. Dependent Variable: Financial Distress b
Model Summary
Model Adjusted R Std. Error of the
R R Square Square Estimate a1 ,275 ,076 ,063 ,249
a. Predictors: (Constant), Arus Kas, Laba, Likuiditasb. Dependent Variable: Financial Distress
Coefficients a Model Unstandardized Coefficients
Standardized Coefficients t Sig. B Std. Error Beta 1 (Constant) ,152 ,031 4,880 ,000
Likuiditas -,003 ,016 -,019 -,219 ,827 Laba -,441 ,130 -,236 -3,383 ,001 Arus Kas -,150 ,209 -,064 -,717 ,474
a. Dependent Variable: Financial Distress
Residuals Statistics
aMinimum Maximum Mean Std. Deviation N
Predicted Value -,34 ,20 ,07 ,071 225
Residual -,140 ,891 ,000 ,248 225
Std. Predicted Value -5,854 1,766 ,000 1,000 225
Std. Residual -,563 3,572 ,000 ,993 225
ANOVA b Model Sum of Squares df Mean Square F Sig.
1 Regression 1,126 3 ,375 6,041 ,001 a Residual 13,736 221 ,062 Total 14,862 224
a. Predictors: (Constant), Arus Kas, Laba, Likuiditas
b. Dependent Variable: Financial Distress
Coefficient Correlations a Model Arus Kas Laba Likuiditas
1 Correlations Arus Kas 1,000 -,228 -,623 Laba -,228 1,000 -,094 Likuiditas -,623 -,094 1,000 Covariances Arus Kas ,044 -,006 -,002 Laba -,006 ,017 ,000 Lampiran 4 Regresi Logistik
Case Processing Summary Unweighted Cases a N Percent Selected Cases Included in Analysis 225 100,0
Missing Cases ,0 Total 225 100,0 Unselected Cases ,0 Total 225 100,0 a. If weight is in effect, see classification table for the total number of cases.
Dependent Variable Encoding Original Value Internal Value Non Financial Distress Financial Distress
1
a. Dependent Variable: Financial Distress Model Dimension Eigenvalue Condition Index Variance Proportions
(Constant) Likuiditas Laba Arus Kas
1 dimension1
1 3,213 1,000 ,02 ,01 ,03 ,02 2 ,369 2,950 ,00 ,05 ,89 ,12 3 ,305 3,246 ,54 ,00 ,07 ,34 4 ,113 5,334 ,44 ,93 ,01 ,52 a. Dependent Variable: Financial Distress
Iteration History a,b,c Iteration
-2 Log likelihood
Coefficients Constant Step 0
1 129,327 -1,716 2 116,227 -2,345 3 115,433 -2,550 4 115,427 -2,570 5 115,427 -2,570 a. Constant is included in the model.
c. Estimation terminated at iteration number 5
because parameter estimates changed by less than
,001.
Classification Table
a,b ObservedPredicted Financial Distress Percentage Correct
Non Financial Distress Financial Distress
Step 0 Financial Distress Non Financial Distress 209 100,0
Financial Distress 16 ,0 Overall Percentage92,9 a. Constant is included in the model.
Variables not in the Equation Score df Sig.
Step 0 Variables Likuiditas 4,090 1 ,043 Laba 15,886 1 ,000 ArusKas 6,009 1 ,014 Overall Statistics 17,053 3 ,001
Variables in the Equation B S.E. Wald df Sig. Exp(B) Step 0 Constant -2,570 ,259 98,144
1 ,000 ,077 Omnibus Tests of Model Coefficients
Chi-square df Sig.
Step 1 Step 79,319 3 ,000 Block 79,319 3 ,000 Model 79,319 3 ,000
Iteration History a,b,c,d Iteration
- 2 Log likelihood Coefficients Constant Likuiditas Laba ArusKas Step 1
1 122,366 -1,393 -,014 -1,766 -,600
2 95,742 -1,452 -,042 -6,268 -1,080
3 74,196 -,880 -,020 -18,844 -,508
4 58,729 -,391 ,020 -37,199 ,947
5 47,183 ,269 ,073 -66,068 2,969
6 39,776 ,939 ,169 -105,728 4,669
7 36,761 1,425 ,294 -145,515 5,689
8 36,143 1,707 ,382 -171,492 5,726
9 36,107 1,795 ,407 -179,203 5,510
10 36,107 1,802 ,409 -179,728 5,479
11 36,107 1,802 ,409 -179,730 5,479
12 36,107 1,802 ,409 -179,730 5,479
a. Method: Enter b. Constant is included in the model.c. Initial -2 Log Likelihood: 115,427
d. Estimation terminated at iteration number 12 because parameter estimates changed by less than ,001.