Keywords
Islamic Finance
Altman Model
Ohlson Model
Banckrupty
How to Cite
Abstract
This research aims to determine and analyze the potential for bankruptcy using the Altman Z-Score and Ohlson O-Score methods in companies listed on the Indonesian Sharia Stock Index (ISSI) for the period 2020 - 2023. Data was obtained from published financial reports published on the website www.idx.co .id with the time period 2020 – 2023. The research population is manufacturing companies in the consumer goods sector, pharmaceutical sub-sector listed on the Indonesian Sharia Stock Index (ISSI) with sample data from annual financial reports for 4 consecutive years. This type of research is quantitative descriptive, where the descriptive itself describes whether a company's financial performance is good or bad, while quantitative explains the company's financial reports. The results of this research show that the company Kimia Farma (Persero) Tbk. (KAEF) is in the bankruptcy category during 2020 - 2023 due to high levels of liabilities, while PT. Darya-Varia Laboratoria Tbk. (DVLA) is in the healthy category based on analysis using the Altman model. Meanwhile, the analysis uses the Ohlson model for both companies which are declared in the healthy category during 2020 - 2023.
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