Financial Distress Analysis of Coal Mining Companies

DOI

10.2991/assehr.k.220301.079How to use a DOI?

Keywords

bankruptcy; financial distress; coal mining companies

Abstract

A new problem in 2019 apart from the absence of a new location for coal reserves was the limitation of coal production by the Minister of Energy and Mineral Resources of the Republic of Indonesia. These problems indicate that there are not only external problems with the company. However, internal company problems will also arise, particularly financial distress in coal mining companies. Financial distress is a financial condition before bankruptcy or liquidation characterized by the company’s inability to fulfill its obligations. The purpose of this study is to determine the level of financial distress in coal mining companies listed on the Indonesia Stock Exchange for the period 2016-2020. Companies can use several models for bankruptcy analysis. In this study, the analytical model used is Altman, Springate, and Grover. The study results showed that one company experienced financial distress during the research period, and ten other companies were predicted to be safe or in safe zone status.

Copyright

© 2022 The Authors. Published by Atlantis Press SARL.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - E. Retno Maninggarjati
AU  - Ratna Wulaningrum
AU  - Rahmawati Fitriana
AU  - Dzulfikar Triadi Putra
PY  - 2022
DA  - 2022/03/04
TI  - Financial Distress Analysis of Coal Mining Companies
BT  - Proceedings of the International Conference on Applied Science and Technology on Social Science 2021 (iCAST-SS 2021)
PB  - Atlantis Press
SP  - 482
EP  - 486
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.220301.079
DO  - 10.2991/assehr.k.220301.079
ID  - Maninggarjati2022
ER  -