ANALISIS PREDIKSI KEBANGKRUTAN DENGAN METODE ALTMAN Z-SCORE PADA BANK PERKREDITAN RAKYAT BADAN USAHA MILIK DAERAH DI NUSA TENGGARA BARAT

Abstract

This study aims to find out the full picture of the financial performance of rural banks (BPR) regional owned enterprises (BUMD) in West Nusa Tenggara (NTB) for the 2018-2020 period by analyzing bankruptcy predictions based on the Altman Z-Score method with a modified formula and has been equipped with a cut-off point to determine the bankruptcy category. Altman uses four financial ratios with valuation indicators for each variable: Working Capital to Total Assets (X₁), Retained Earning to Total Assets (X₂), Earning Before Interest and Tax to Total Assets (X₃), and Book Value Equity of Total Liabilities variable. (X₄). This research is a descriptive study on BPR owned by the regional government in NTB for the 2018-2020 period. The results of this study are 2 (two) banks are predicted to experience financial risk in the gray zone category, namely PD. BPR. NTB Mataram and PD. BPR. East Nusa Tenggara, and 6 (six) banks in a healthy condition and free from the possibility of going bankrupt in the next 1 (one) year are PD. BPR. NTB West Lombok, PD. BPR. NTB Central Lombok, PD. BPR. NTB Sumbawa, PD. BPR. NTB Bima, PD. BPR. NTB Dompu, and PD. BPR. NTB West Sumbaw