The Influence of Profitability, Liquidity, and Leverage on Financial Distress of Tourism Sector Companies

Amalina Nur Izzah; Mariana Mariana

doi:10.61132/jubid.v2i3.606

Authors

Amalina Nur Izzah Universitas Negeri Surabaya
Mariana Mariana Universitas Negeri Surabaya

DOI:

https://doi.org/10.61132/jubid.v2i3.606

Keywords:

Financial Distress, Leverage, Liquidity, Profitability

Abstract

This study aims to determine the effect of profitability, liquidity, and leverage on financial distress of tourism sector companies listed on the Indonesia Stock Exchange for the period 2018-2023. The number of companies used as samples was 32 companies with certain criteria. The sampling technique used purposive sampling, so that the total analysis units in this study were 192. Multiple linear regression analysis was used in the analysis of this research data. The results of the study indicate that profitability, liquidity, and leverage have a positive effect on financial distress. Thus, it can be concluded that the overall results of this study are that profitability, liquidity, and leverage can influence financial distress.

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