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ANALISA KEBANGKRUTAN PT TELELKOMUNIKASI INDONESIA (PERSERO) & PT INDOSAT DENGAN METODE

ALTMAN Z-SCORE, GROVER, SPRINGATE, DAN ZMIJEWSKI

TELKOM INDOSAT
INDIKATOR
2017 2016 2017 2016
1 Current Assets 47.561 47.701 9.479.271 8.073.481
2 Current Liabilities 45.376 39.762 16.200.457 19.086.592
3 EAT 32.701 29.172 1.940.426 1.795.263
4 Ekuitas 112.130 105.544 14.815.534 14.177.119
5 Utang jangka Panjang 40.978 34.305 19.645.049 17.574.993

TELKOM INDOSAT
No Indikator
2017 2016 2017 2016
1 Working Capital 2.185 7.939 - 6.721.186 - 11.013.111
2 Total Assets 198.484 179.611 50.661.040 50.838.704
3 Retained Earning 30.369 27.073 11.450.155 10.701.160
4 Earning Before Interest & Tax 42.659 38.189 1.940.426 1.795.263
5 Debt to Equity Ratio 2,74 3,08 0,75 0,81
6 Sales 128.256 116.333 29.926.098 29.184.624
7 Return On Asset 0,16 0,16 0,04 0,04
8 Current Liabilities 45.376 39.762 16.200.457 19.086.592
9 Current Ratio 1,05 1,20 0,59 0,42
10 Book Value of Equity 112.130 105.544 14.815.534 14.177.119
11 Book Value of Debt 40.978 34.305 19.645.049 17.574.993

No Keterangan TELKOM INDOSAT


2017 2016 2017 2016
1 X₁ 0,01 0,04 - 0,13 - 0,22
2 X₂ 0,15 0,15 0,23 0,21
3 X₃ 0,21 0,21 0,04 0,04
4 X₄ 2,74 3,08 0,75 0,81
5 X₅ 0,65 0,65 0,59 0,57

No Keterangan TELKOM
2017 2016
1 Z=1,2X₁ + 1,4X₂ + 3,3X₃ + 0,6X₄ + 0,999X₅ 3,22 3,46 Sangat Sehat
2 S=1,03A + 3,07B - 0,66C + 0,4D 0,31 0,32 Distress
3 G=1,650G₁ + 3,404G₃ - 0,016 ROA + 0,057 0,80 0,85 SEHAT
4 X=-4,3 - 4,5X₁ + 5,7X₂ - 0,004X₃ 10,55 12,50 SEHAT

No Keterangan INDOSAT
2017 2016
1 Z=1,2X₁ + 1,4X₂ + 3,3X₃ + 0,6X₄ + 0,999X₅ 1,33 1,21 POTENSI KUAT BANGKRUT
2 S=1,03A + 3,07B - 0,66C + 0,4D 0,14 0,05 DISTRESS
3 G=1,650G₁ + 3,404G₃ - 0,016 ROA + 0,057 - 0,03 - 0,18 BANGKRUT
4 X=-4,3 - 4,5X₁ + 5,7X₂ - 0,004X₃ - 0,18 0,14 2016 SEHAT, 2017 BANGKRUT