Abstract :
This study aims to determine the bankruptcy prediction model using
Altman Z-Score, Grover, Springate, and Zmijewski model on coal mining
company listed on the Indonesian Stock Exchange during the period of 2010 -
2014. The sample in this study is using purposive sampling method and acquired
14 companies being sampled. The data is from the company's financial statements
published on the site www.idx.co.id. The analysis technique used in this research
is predictive models Altman Z-Score, Grover models, models Springate, Zmijewski
models and calculation accuracy rate. The results are 7 bankrupt companies
predicted by models Altman Z-Score, 6 companies went bankrupt predicted by
models Grover, 10 companies went bankrupt predicted by models Springate and 6
bankrupt company predicted by models Zmijewski. Then, Grover models have a
higher accuracy level that is equal to 86%, followed by 77% with Zmijewski
models, models of Altman Z-Score has 50% and 46% with Springate models.