Abstract :
This study aims to examine the effect of profitability, liquidity, sales growth, operating capacity and firm size on financial distress. The population in this study are all tourism companies listed on the Indonesia Stock Exchange for the 2017-2021 period. The sample selection technique used purposive sampling and obtained 66 companies that experienced financial distress and 14 companies that were not financially distressed so that 80 samples were observed. The data analysis method in this study is logistic regression analysis using IBM SPSS 24 software. The results show that profitability, liquidity and operating capacity have an effect on financial distress. Meanwhile, sales growth and company size have no effect on financial distress.