Analysis of the Effect Liquidity, Leverage, Profitability and Sales Growth on Financial Distress (Altman Z-Score) (Empirical Study of Retail Sub - Sector Companies Listed on the Indonesia Stock Exchange (IDX) 2015-2019

Financial distress is a condition when company experiencing financial difficulties, resulting in the being unable to pay its obligations and leading bankruptcy. This study was conducted examine liquidity ratio (Current Ratio), leverage (Debt Equity profitability (Return on Equity), sales growth (Altman Z-Score) retail sub-sector companies listed Indonesia Stock Exchange (IDX) for 2015-2019 period. The number of selected samples 16 has been determined using purposive sampling method. data collected form statements periods. analytical method used panel regression with Common Effect model. results this indicate that current ratio, debt equity have positive effect Z-Score), while return does not affect Z-Score).