Abstract :
Financial distress is a condition where a company experiences financial difficulties. Before bankruptcy or liquidation, a declining financial condition is called financial distress. The aim of this research is to look at the relationship or influence between sales growth, capital structure and operating cash flow on financial distress in non-cyclical consumer sector companies. This research uses quantitative methods and purposive sampling methods to collect data. The data used in this research is secondary data. The data source was obtained from the financial reports of non-cyclical consumer sector companies listed on the IDX for the observation years 2019 to 2022. The sample used in this research was 79 of 126 non-cyclical consumer sector companies. The analysis in this research uses the Statistical Program for Social Science (SPSS). The results of this research show that capital structure variables influence financial distress. Meanwhile, the sales growth and operating cash flow variables have no effect on financial distress.
Keywords: Financial Distress, sales growth, struktur modal, arus kas operasi.