ANALYSIS OF THE POTENTIAL FOR BANKRUPTCY IN MULTIPOLAR CORPORATION FIRM USING ALTMAN Z-SCORE THE PERIOD 2006-2010

BANI Zamzami

Abstract


The problems examined in this
study is a potential bankruptcy by using the Altman Z-
score. Scientic writing is aimed to nd out how the po-
tential bankruptcy of PT Multipolar Corporation Tbk, the
period 2006-2010 using the Altman Z-score. Altman Z-
score method is a method used to predict the potential
bankruptcy of a company, this method of linking several ra-
tios as well as to determine the condition of the company's
health and nancial performance. The ratio of Working
Capital to Total Assets Ratio (X1), Retained Earning to
Total Assets Ratio (X2), Earning Before Interest and Taxes
to Total Assets Ratio (X3), Market Value of Equity to Book
Value of Total Liabilities Ratio (X4 ). From the results of
scientic writing, it can be concluded that the nancial per-
formance of PT Multipolar Corporation Tbk in unsanitary
conditions for the period 2006-2010 the index Z-score is be-
low the cut o point of 2.6, even in 2008 the index Z-score
rms are under point gray area that is 1.1 which means
the company has the potential to experience bankruptcy.
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