PENGARUH HUTANG JANGKA PENDEK DAN ARUS KAS KEGIATAN OPERASIONAL TERHADAP RISIKO KESULITAN KEUANGAN

(Studi Kasus PT OASIS HOTEL BOGOR)

Abstract

Debt is one of the most important components of financial statements.
Debt is divided into two (2) short-term debt and long-term debt. Debt
management in a company is very important because if the amount of debt is
greater than a number of assets owned by the company, then the company will
have financial distress.
In this case, the company also needs to regulate the company's cash flow
to get out and its entry the company's cash can be controlled because most of the
company's cash outflow is used to pay the debt, both long-term debt and shortterm
debt.
The purpose of this paper is to evaluate the management of debt and cash
flow operational activities in a company in the field of hospitality. Evaluation is
conducted to find out whether the debt and cash flow of the company's operational
activities can result in financial distress risk. Research conducted by the author is
in PT OASIS HOTEL BOGOR a company engaged in hospitality services and
located in Bogor.
The result of the research shows that PT OASIS HOTEL BOGOR manages
its short-term debt because for the management of long-term debt the company is
managed by the head office (PT PANORAMA GROUP), as well as for the
management of the Cash Flow Statement the company only manages the Cash
Flow Statement of Operational activities only, Cash Flows Investment and
Funding activities are managed by the head office. The results of the research that
the author did on PT OASIS HOTEL BOGOR show that the company's debt
decreased from 2015-2016, but this decline is not significant because the amount
of short-term debt owned by the company is still greater than the amount of cash
and cash equivalents company. For Cash Flow Operational activities, the largest
expenditure of the company is the payment of debt to the vendor due to the daily
needs of the hotel is large enough. So it can be concluded the effect of Short-term
Debt and Cash Flow Operational Activity does not significantly affect the risk of
financial distress, Because in determining the risk of a company's financial
distress not only short-term debt and cash flow are the main indicators but must
test the other variables.

Keywords: Short-term debt, Cash Flow Operational Activities, Financial Distress