Analisis Prediksi Financial Distress Menggunakan Model Altman Z-Score, Springate, dan Zmijewski Pada PT. Century Textile Industri Tbk (CNTX) Periode 2020-2024

  • Lailatus Sa'adah Universitas KH. Abdul Wahab Hasbullah Indonesia
  • Eka Nur Zahra Alya Nabilla Universitas KH. Abdul Wahab Hasbullah Indonesia
  • Revana Mahfudlotin Aprilia
  • Nizam Fannani Ashar
  • Wahyu Firdaus
Keywords: Financial Distress, Altman Z-Score, Springate, Zmijewski, PT. Century Textile Industri Tbk

Abstract

 This study aims to analyze and predict the potential for financial distress at PT. Century Textile Industri Tbk (CNTX) during the 2020-2024 period using three different prediction models. The research method used is descriptive quantitative, utilizing secondary data in the form of audited annual financial reports. The results show consistency between the Altman and Zmijewski models, which state that the company is in a healthy condition with a low risk of bankruptcy. Both models have proven effective as early detection tools for managing the company's liquidity performance and profitability on an ongoing basis.

Published
2025-12-20
How to Cite
Sa’adah, L., Nabilla, E. N. Z. A., Aprilia, R. M., Ashar, N. F., & Firdaus, W. (2025). Analisis Prediksi Financial Distress Menggunakan Model Altman Z-Score, Springate, dan Zmijewski Pada PT. Century Textile Industri Tbk (CNTX) Periode 2020-2024. MAJALAH ILMIAH EKONOMI & PEMBANGUNAN, 19(1), 23-30. Retrieved from http://jurnal.faperta-unras.ac.id/index.php/MIEPEN/article/view/622
Issue
Vol 19 No 1 (2026): Januari-April
Section
Articles