DETERMINAN YANG MEMPENGARUHI FINANCIAL DISTRESS DENGAN PROFITABILITAS SEBAGAI VARIABEL MODERASI SUATU STUDI PADA PERUSAHAAN KOSMETIK YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This study aims to determine the effect of operating cash flow, liquidity, leverage and efficiency on financial distress. Then the effect of operating cash flow operating cash flow, liquidity, leverage and efficiency on financial distress moderated by profitability in cosmetic companies listed on the IDX in 2018-2022. The population in the study were all cosmetic companies listed on the IDX totaling 7 companies. The sample selection was carried out based on the purposive sampling method, namely taking samples based on the specified criteria. Sample based on the specified criteria, as for the number of samples in this study, namely 6 cosmetic companies. This is a total of 6 cosmetic companies. This study uses the logistic regression method with the help of the SPSS application the results showed that leverage affects financial distress. While cash flow operating cash flow, liquidity and efficiency have no effect on financial distress. Then profitability able to moderate leverage on financial distress, but profitability is not able to moderate operating cash flow, liquidity and efficiency. Profitability is not able to moderate operating cash flow, liquidity and efficiency on financial distress. to financial distress.