Memprediksi Tingkat Kelangsungan Usaha PT KAI Melalui Pendekatan Altman Z-Score

Haris Haris, Olfebri Olfebri, Riza Lestari


PT. Kereta Api Indonesia (PT. KAI) a State Owned Enterprises which currently is one of the major players in the ground transportation services industry has long been actively involved in the business of land transportation services. This study is limited in the scope of the analysis of the ratio-financial analysis, and then formulated using Alman z-score method. Ratio analysis is done based on financial data obtained from PT. Kereta Api Indonesia Indonesia ranging from 2012 to 2013. Then the figures obtained will be correlated with theories relevant financial, in order to obtain valid results that can be scientifically defensible. Furthermore, a comparison test as a reference in determining the potential failure of the items in the financial statements, and determine which of the posts have a strong and significant correlation. Media that can be used to examine the health condition of the company was a financial report consists of the Balance Sheet or Statement of Profit / loss, or results of operations, Cash Flow Statement, Statement of Changes in Financial Position. The financial reports produced by the management of a company is the end result of the process of business activities undertaken by the existing components in the company. The financial statements are made to account for the activities of the company to the owner and provide information about the financial position of the company has been achieved against the parties concerned.


financial performance and business sustainability

Full Text:



Bowlin, Oswald D. 1995. Guide to Financial Analysis (2ndedition). New york: Mc. Graw Hill.

Helfert A. Erich. 1998. Techniques of Financial Analysis 3rd edition. Mumbai: Ashwen J Shah Jaico Publishing House

Hewkins, David F. 1998. Corporate Financial Reporting and Analysis : Text and Cases 4th edition. New York: Mc. Graw Hill/Irwin

Jhon J Wild K. R. Subramanyam, Robert F. Hasley. 2004. Financial Statement Analysis (8th edition). Boston: Irwin / Mc. Graw Hill.

Leopold, A. Bernstein & John J.Wild. 2001. Financial Statement Analysis : Theory, Applicaton & Interpretation (7th edition). Boston: Irwin / Mc. Graw Hill.

Libby, Robert, Patricia A. Libby and Daniel G. Short. 2001. Financial Accounting (3rd edition). Boston: Mc. Graw Hill.

PT. KAI. 2013. Annual Report Laporan Tahunan 2013 PT. Kereta Api Indonesia. Jakarta: PT KAI

Samuel C Weaver, J. Fred Weston. 2001. Finance and Accounting for Nonfinancial Managers. Boston: Irwin / Mc. Graw Hill.



  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

 Creative Commons Licence

Jurnal Manajemen Transportasi & Logistik (JMTRANSLOG) is licensed under a  Creative Commons Attribution-NonCommercial 4.0 International License.

View My Stats