Effect of Investment, Free Cash Flow, Earnings Management, Interest Coverage Ratio, Liquidity, and Leverage on Financial Distress

This study aims to provide empirical evidence of the effect investment, free cash flow, earnings management, interest coverage ratio, liquidity and leverage on financial distress. The dependent variable is distress as measured by Altman Z-score. independent variables are total assets growth a proxy for management with modified Jones model, liquidity. was tested using ordinal logistic regression analysis. sample used in this were manufacturing companies listed Indonesia Stock Exchange 2016-2020. selected purposive sampling 392 observations. results indicate that ratio have significant distress, while no implication research prove signal theory agency theory. limitation there still errors type I II classifying experience non-financial