September 12, 2025Formosa Journal of Applied Sciences

The Effect of Cash Flow, Liquidity, and Leverage on Financial Distress in Health Sector Companies Listed on the Indonesia Stock Exchange for the Period 2021–2023

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Authors

RMRosiyani ManangkaboSam Ratulangi University TRTreesje RuntuSam Ratulangi University PWPriscilia WekuSam Ratulangi University

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Implication

Quantitative analysis reveals cash flow, liquidity, and leverage do not individually impact financial distress in listed pharmaceutical companies, suggesting further investigation is needed.

Key Points

Cash flow, liquidity, and leverage alone do not significantly impact financial distress in the studied companies.
Together, these three factors explain 38.8% of the variation in financial distress, indicating other variables are at play.
The study used a quantitative method and included all 12 pharmaceutical sub-sector companies from Indonesia's stock exchange.
Further research is indicated to explore other factors affecting financial conditions in the health sector.

Cite This Study

Manangkabo et al. (2025) studied this question.

synapsesocial.com/papers/68d418e1713b0b5dfea64bd7 https://doi.org/10.55927/fjas.v4i8.278

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Implication

Quantitative analysis reveals cash flow, liquidity, and leverage do not individually impact financial distress in listed pharmaceutical companies, suggesting further investigation is needed.

The Effect of Cash Flow, Liquidity, and Leverage on Financial Distress in Health Sector Companies Listed on the Indonesia Stock Exchange for the Period 2021–2023

Discussion

Member takes

Implication

Key Points

Cite This Study

The Effect of Cash Flow, Liquidity, and Leverage on Financial Distress in Health Sector Companies Listed on the Indonesia Stock Exchange for the Period 2021–2023

Discussion

Member takes

Implication

Key Points

Cite This Study

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