TA DIGITAL
Financial Distress at PT Bank Neo Commerce, TBK Using The Altman Z-Score Method Period 2020-2023 = Financial Distress at PT Bank Neo Commerce, TBK Using The Altman Z-Score Method Period 2020-2023
This research aims at providing an overview or prediction of the level of financial distress at PT Bank Neo Commerce, Tbk period 2020-2023 using the Altman Z-
Score prediction model.
The object of this research is PT Bank Neo Commerce, Tbk period 2020-2023. This
type of research is quantitative descriptive research using secondary data in the form
of company financial reports Period 2020-2023 collected using literature study and
documentation methods. Data analysis method used is financial distress analysis
with Modified Altman Z-Score Z=6,56X1+3,26X2+6,72X3+1,05X4.
Based on the results of data processing, Z-Score value in 2020 was 0.9038; in 2021
it was 0.4199; in 2022 it was 0.7209; in 2023 it was 0.5217. With Z-Score value <
1.1 during the research period, it shows that PT Bank Neo Commerce,Tbk is in a
distress zone or in a dangerous condition and is at risk of bankruptcy.
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