TOURISM INDUSTRY BANKRUPTCY ANALYSIS OF IMPACT COVID-19 PANDEMIC

This study aims to determine the bankruptcy analysis used in tourism
industry companies due to the impact of Covid-19 in Indonesia. This study
uses four bankruptcy analyzes, namely Springate (S-Score), Zmijewski
analysis (X-Score), Grover analysis (G-Score), and Altman analysis (Z�Score). The sample used is a restaurant, hotel, and tourism company listed
on the IDX during 2018-2020. The sampling technique was purposive
sampling with a total sample of 27 companies. The results showed that the
analysis, namely Springate (S-Score) there were 25 companies in a state of
bankruptcy and two companies in good health, Zmijewski analysis (X�Score) there were four companies in bankruptcy and 23 companies in good
health, Grover analysis (G-Score) Score) there are 14 companies in
bankruptcy and 13 companies in good health, and Altman analysis (Z�Score) there are 18 companies in a state of bankruptcy, five companies in a
state of a gray area (gray), and four companies in a state not bankrupt. The
occurrence of Covid-19 in Indonesia also has an impact on tourism and its
supporting sectors such as restaurants and hotels. The reason is the policies
that have been set by the government to suppress the growth of Covid-19