Predicting the Possibility of Bankruptcy in Coal Mining Company: Springate S-Score Method

Authors : Dahliana Iskandar

Volume/Issue : Volume 4 - 2019, Issue 10 - October

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The purpose of this study predicts an early signal of bankruptcy with the Springate S-Score model for coal mining companies listed on the Indonesia Stock Exchange for the 2013-2017 period. The analysis shows that there are four companies included in the healthy category, namely PT. Indo Tambangraya Megah Tbk, PT. Resource Alam Indonesia Tbk, PT. Samindo Resources Tbk, and PT. Toba Bara Sejahtera Tbk. While the three companies that are always in the distress zone or potential bankruptcy are PT. Darma Henwa Tbk, PT. Atlas Resources Tbk and PT. Bumi Resources Tbk. While the remaining PT. Bayan Resources Tbk, PT. Delta Dunia Makmur Tbk, and PT. Harum Energy Tbk is predicted to be in the gray zone.

Keywords : Bankruptcy, Springate S-Score, Mine company were listed on the Indonesia Stock Exchange.


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