This study was conducted to obtain empirical evidence and to discuss the effect of operating cash flow, sales growth, and operating capacity in predicting financial distress in all manufacturing companies listed on the Indonesia Stock Exchange in 2017-2019. Method: This study is based on an associative quantitative approach and is assisted by the Statistical Package for the Social Sciences (SPSS) program. Findings: The results shows that operating cash flow had a negative effect on financial distress, and sales growth also had a negative effect on financial distress, while operating capacity had a positive effect on financial distress. Practical Implication: This article can be used as a consideration for companies in terms of prevention so that companies avoid financial distress. In addition, users of financial statements can be used as a consideration before making an investment decision so that they can find out indications of financial distress in a company. Significance of the study: The results of this study can provide useful contributions and information for company management to determine the effect of operating cash flow, sales growth, and operating capacity in predicting financial distress so that companies can take policies to take corrective or preventive action.

Keywords : Operating Cash Flow; Sales Growth; Operating Capacity; Financial Distress.