Analysis of Accuracy Level of Altman Z-Score Model and Springate Model in Measuring the Potential of Financial Distress in Plantations Industries

This study aimed to analyze the level of bankruptcy using Altman Z-Score model of modifications and models Springate, the Plantations Company period 2014-2017. The data used in this research is secondary data, financial data Plantations Company taken from the site www.idx.co.id. Based on the results of this study show that the model of the Altman Z-Score modification Plantations Industries was having financial difficulties which would be potentially bankrupt, it can be seen from the Z-Score of less than 1.1 in the period 2014-2017 and no different from using a model that generates value Springate S-Score <0.862 means that the financial performance Plantations company are experiencing financial difficulties during the 2014-2017 period and potentially going bankrupt.