Analisis Potensi Kebangkrutan PT. Berlian Laju Tanker, Tbk. dengan Menggunakan Altman’s Z Score
PT. Berlian Laju Tanker, Tbk. (BLTA) is a company engaged in the ocean transportation services listed on the Indonesia Stock Exchange and the Singapore Stock Exchange. In 2009 and 2010 BLTA experienced a net loss. At the end of 2011 the company rocked the financial markets in Indonesia and Singapore...
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Format: | Article |
Language: | English |
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Bina Nusantara University
2012-11-01
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Series: | Binus Business Review |
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Online Access: | https://journal.binus.ac.id/index.php/BBR/article/view/1350 |
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author | Iswandi Iswandi |
author_facet | Iswandi Iswandi |
author_sort | Iswandi Iswandi |
collection | DOAJ |
description | PT. Berlian Laju Tanker, Tbk. (BLTA) is a company engaged in the ocean transportation services listed on the Indonesia Stock Exchange and the Singapore Stock Exchange. In 2009 and 2010 BLTA experienced a net loss. At the end of 2011 the company rocked the financial markets in Indonesia and Singapore being unable to meet financial obligations to financial institutions and corporate bondholders. Given such conditions until the end of August 2012 BLTA can not submit audited financial statement of year 2011 to the authorities of stock exchange and public. By using the 2007 to 2010 audited financial statements and June 2011 inhouse financial statement were analyzed using Altman's Z score model can be known that since 2007 BLTA produce a Z score were classified bankruptcy. Investors should analyze the financial condition by using Z Score in order to minimized shareholders and bondholders potential losses. |
first_indexed | 2024-03-12T11:14:23Z |
format | Article |
id | doaj.art-275f780edeaa40178f1267db274a7b53 |
institution | Directory Open Access Journal |
issn | 2087-1228 2476-9053 |
language | English |
last_indexed | 2024-03-12T11:14:23Z |
publishDate | 2012-11-01 |
publisher | Bina Nusantara University |
record_format | Article |
series | Binus Business Review |
spelling | doaj.art-275f780edeaa40178f1267db274a7b532023-09-02T02:21:48ZengBina Nusantara UniversityBinus Business Review2087-12282476-90532012-11-013265466410.21512/bbr.v3i2.13501212Analisis Potensi Kebangkrutan PT. Berlian Laju Tanker, Tbk. dengan Menggunakan Altman’s Z ScoreIswandi Iswandi0Bina Nusantara UniversityPT. Berlian Laju Tanker, Tbk. (BLTA) is a company engaged in the ocean transportation services listed on the Indonesia Stock Exchange and the Singapore Stock Exchange. In 2009 and 2010 BLTA experienced a net loss. At the end of 2011 the company rocked the financial markets in Indonesia and Singapore being unable to meet financial obligations to financial institutions and corporate bondholders. Given such conditions until the end of August 2012 BLTA can not submit audited financial statement of year 2011 to the authorities of stock exchange and public. By using the 2007 to 2010 audited financial statements and June 2011 inhouse financial statement were analyzed using Altman's Z score model can be known that since 2007 BLTA produce a Z score were classified bankruptcy. Investors should analyze the financial condition by using Z Score in order to minimized shareholders and bondholders potential losses.https://journal.binus.ac.id/index.php/BBR/article/view/1350Altman’s Z score model, failure, insolvency, default, bankruptcy |
spellingShingle | Iswandi Iswandi Analisis Potensi Kebangkrutan PT. Berlian Laju Tanker, Tbk. dengan Menggunakan Altman’s Z Score Binus Business Review Altman’s Z score model, failure, insolvency, default, bankruptcy |
title | Analisis Potensi Kebangkrutan PT. Berlian Laju Tanker, Tbk. dengan Menggunakan Altman’s Z Score |
title_full | Analisis Potensi Kebangkrutan PT. Berlian Laju Tanker, Tbk. dengan Menggunakan Altman’s Z Score |
title_fullStr | Analisis Potensi Kebangkrutan PT. Berlian Laju Tanker, Tbk. dengan Menggunakan Altman’s Z Score |
title_full_unstemmed | Analisis Potensi Kebangkrutan PT. Berlian Laju Tanker, Tbk. dengan Menggunakan Altman’s Z Score |
title_short | Analisis Potensi Kebangkrutan PT. Berlian Laju Tanker, Tbk. dengan Menggunakan Altman’s Z Score |
title_sort | analisis potensi kebangkrutan pt berlian laju tanker tbk dengan menggunakan altman s z score |
topic | Altman’s Z score model, failure, insolvency, default, bankruptcy |
url | https://journal.binus.ac.id/index.php/BBR/article/view/1350 |
work_keys_str_mv | AT iswandiiswandi analisispotensikebangkrutanptberlianlajutankertbkdenganmenggunakanaltmanszscore |