UNLOCKING THE POWER OF LIQUIDITY, LEVERAGE, AND SALES GROWTH ON FINANCIAL DISTRESS: THE CRUCIAL ROLE OF PROFITABILITY AS A MODERATING FORCE

M. Alif Zaenal Fanan; Nanang Shonhadji

doi:10.64417/rabo.v1i1.kmjv2q69

Vol. 1 No. 1 (2025), Articles

Vol. 1 No. 1 (2025) Page 38-58

UNLOCKING THE POWER OF LIQUIDITY, LEVERAGE, AND SALES GROWTH ON FINANCIAL DISTRESS: THE CRUCIAL ROLE OF PROFITABILITY AS A MODERATING FORCE

M. Alif Zaenal Fanan⁺⁻
Nanang Shonhadji⁺⁻

M. Alif Zaenal Fanan

Universitas Hayam Wuruk

Nanang Shonhadji

Universitas Hayam Wuruk

DOI: 10.64417/rabo.v1i1.kmjv2q69

Published 31-03-2025 — Updated on 26-07-2025

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31-03-2025 (1)

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Keywords

financial distress
likuidity
leverage
sales growth
profitability

How to Cite

Fanan, M. A. Z., & Shonhadji, N. (2025). UNLOCKING THE POWER OF LIQUIDITY, LEVERAGE, AND SALES GROWTH ON FINANCIAL DISTRESS: THE CRUCIAL ROLE OF PROFITABILITY AS A MODERATING FORCE. Reviu Accounting, Business & Organizations, 1(1), 38-58. https://doi.org/10.64417/rabo.v1i1.kmjv2q69 (Original work published 2025)

Abstract

Research Objective - This study examines the effect of liquidity, leverage, sales growth, and profitability as moderators of financial distress in transportation and logistics companies from 2018-2021.

Method - This quantitative method analysis uses a sample of transportation and logistics companies listed on the Indonesia Stock Exchange from 2018-2021 that published annual financial reports for 2017-2020 and employs SPSS as a testing tool.

Findings - A country’s economic development can be measured by its transportation and logistics industry. The research found that 14 out of 21 companies were predicted to go bankrupt between 2018-2021. Inefficient management can lead to financial distress within a company.

Theoretical and Policy Implications - The implications of this research can be utilized by investors as considerations when investing in transportation and logistics companies.

Research Novelty - The novelty of this study lies in the use of the Springate S-Score model for predicting financial distress, as well as addressing a research gap from previous studies.

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