Analisis Faktor-Faktor yang Mempengaruhi Risiko Kebangkrutan pada Masa Pandemi Covid-19 (Studi Empiris pada Perusahaan Manufaktur Sub Sektor Makanan dan Minuman di Bursa Efek Indonesia Tahun 2019-2021)

Abstract

This research aims to analyze the factors affecting the risk of bankruptcy during the COVID-19 pandemic in food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange. The study focuses on the years 2019-2021. It employs a causal associative research design with a quantitative approach. Secondary data from the financial reports of 39 food and beverage companies listed on the Indonesia Stock Exchange were used, with a sample size of 29 companies. The partial results indicate that Return on Assets and Current Ratio have a significant negative effect on the risk of bankruptcy, whereas the Debt to Asset Ratio has a significant positive effect. However, the Fixed Asset Ratio does not impact bankruptcy risk. Return on Assets, Current Ratio, Debt to Asset Ratio and Fixed Asset Ratio simultaneously effecting the risk of bankruptcy.