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Factors Affecting Financial Distress of the Companies in Consumer Cyclical Sector.

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Titel: Factors Affecting Financial Distress of the Companies in Consumer Cyclical Sector.
Alternate Title: Фактори, що впливають на фінансові труднощі компаній у споживчому циклічному секторі. (Ukrainian)
Autoren: Hantika, Indri Sindia, Henciana, Cindy, Septiani, Tika
Quelle: Accounting & Finance / Oblìk ì Fìnansi; 2025, Vol. 108 Issue 2, p105-113, 9p
Schlagwörter: FINANCIAL leverage, ECONOMIC competition, MULTIPLE regression analysis, BUSINESS size, FINANCIAL performance
Abstract: If a company cannot face business competition, it will eventually experience losses. Later, this can potentially cause some business entities to face solvency problems. When a business has difficulty making ends meet, it is called financial distress. Previous studies have provided quite mixed results regarding the factors affecting financial distress. For this reason, based on a quantitative approach, this study aimed to determine how liquidity (proxied by the current ratio), leverage (proxied by the debt-to-asset ratio), and company size influence the financial distress of companies in the consumer cyclical sector. This study utilizes secondary data, including annual reports and financial statements obtained from the official website of the Indonesia Stock Exchange (IDX) (www.idx.com). The study covers a three-year period, focusing on the financial performance of companies in the consumer cyclical sector. Researchers apply liquidity ratio, leverage ratio, and company size as independent variables and financial distress as the dependent variable. Data processing used regression analysis implemented through IBM SPSS Statistics software version 21, including descriptive statistical tests, classical assumption tests, multiple linear regression analysis, and hypothesis testing. The results of the data analysis show that the liquidity proxied by the current ratio is not related to financial distress. There is no negative correlation between financial distress and the leverage proxied by the debt-to-asset ratio. However, financial distress has a negative correlation with company size. Although this study's results did not confirm two of the three hypotheses identified by the researchers, the financial ratios considered in the work have essential significance for assessing the company's financial condition. [ABSTRACT FROM AUTHOR]
Copyright of Accounting & Finance / Oblìk ì Fìnansi is the property of Institute of Accounting & Finance and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Datenbank: Complementary Index
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  Label: Title
  Group: Ti
  Data: Factors Affecting Financial Distress of the Companies in Consumer Cyclical Sector.
– Name: TitleAlt
  Label: Alternate Title
  Group: TiAlt
  Data: Фактори, що впливають на фінансові труднощі компаній у споживчому циклічному секторі. (Ukrainian)
– Name: Author
  Label: Authors
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  Data: <searchLink fieldCode="AR" term="%22Hantika%2C+Indri+Sindia%22">Hantika, Indri Sindia</searchLink><br /><searchLink fieldCode="AR" term="%22Henciana%2C+Cindy%22">Henciana, Cindy</searchLink><br /><searchLink fieldCode="AR" term="%22Septiani%2C+Tika%22">Septiani, Tika</searchLink>
– Name: TitleSource
  Label: Source
  Group: Src
  Data: Accounting & Finance / Oblìk ì Fìnansi; 2025, Vol. 108 Issue 2, p105-113, 9p
– Name: Subject
  Label: Subject Terms
  Group: Su
  Data: <searchLink fieldCode="DE" term="%22FINANCIAL+leverage%22">FINANCIAL leverage</searchLink><br /><searchLink fieldCode="DE" term="%22ECONOMIC+competition%22">ECONOMIC competition</searchLink><br /><searchLink fieldCode="DE" term="%22MULTIPLE+regression+analysis%22">MULTIPLE regression analysis</searchLink><br /><searchLink fieldCode="DE" term="%22BUSINESS+size%22">BUSINESS size</searchLink><br /><searchLink fieldCode="DE" term="%22FINANCIAL+performance%22">FINANCIAL performance</searchLink>
– Name: Abstract
  Label: Abstract
  Group: Ab
  Data: If a company cannot face business competition, it will eventually experience losses. Later, this can potentially cause some business entities to face solvency problems. When a business has difficulty making ends meet, it is called financial distress. Previous studies have provided quite mixed results regarding the factors affecting financial distress. For this reason, based on a quantitative approach, this study aimed to determine how liquidity (proxied by the current ratio), leverage (proxied by the debt-to-asset ratio), and company size influence the financial distress of companies in the consumer cyclical sector. This study utilizes secondary data, including annual reports and financial statements obtained from the official website of the Indonesia Stock Exchange (IDX) (www.idx.com). The study covers a three-year period, focusing on the financial performance of companies in the consumer cyclical sector. Researchers apply liquidity ratio, leverage ratio, and company size as independent variables and financial distress as the dependent variable. Data processing used regression analysis implemented through IBM SPSS Statistics software version 21, including descriptive statistical tests, classical assumption tests, multiple linear regression analysis, and hypothesis testing. The results of the data analysis show that the liquidity proxied by the current ratio is not related to financial distress. There is no negative correlation between financial distress and the leverage proxied by the debt-to-asset ratio. However, financial distress has a negative correlation with company size. Although this study's results did not confirm two of the three hypotheses identified by the researchers, the financial ratios considered in the work have essential significance for assessing the company's financial condition. [ABSTRACT FROM AUTHOR]
– Name: Abstract
  Label:
  Group: Ab
  Data: <i>Copyright of Accounting & Finance / Oblìk ì Fìnansi is the property of Institute of Accounting & Finance and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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RecordInfo BibRecord:
  BibEntity:
    Identifiers:
      – Type: doi
        Value: 10.33146/2307-9878-2025-2(108)-105-113
    Languages:
      – Code: eng
        Text: English
    PhysicalDescription:
      Pagination:
        PageCount: 9
        StartPage: 105
    Subjects:
      – SubjectFull: FINANCIAL leverage
        Type: general
      – SubjectFull: ECONOMIC competition
        Type: general
      – SubjectFull: MULTIPLE regression analysis
        Type: general
      – SubjectFull: BUSINESS size
        Type: general
      – SubjectFull: FINANCIAL performance
        Type: general
    Titles:
      – TitleFull: Factors Affecting Financial Distress of the Companies in Consumer Cyclical Sector.
        Type: main
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          Name:
            NameFull: Hantika, Indri Sindia
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          Name:
            NameFull: Henciana, Cindy
      – PersonEntity:
          Name:
            NameFull: Septiani, Tika
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          Dates:
            – D: 01
              M: 04
              Text: 2025
              Type: published
              Y: 2025
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              Value: 23079878
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              Value: 108
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          Titles:
            – TitleFull: Accounting & Finance / Oblìk ì Fìnansi
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