ANALISIS LAPORAN KEUANGAN UNTUK MENGIDENTIFIKASI KESEHATAN KEUANGAN PERUSAHAAN DAERAH AIR MINUM (Studi Kasus PDAM Kota Makassar, Kabupaten Gowa, dan Kabupaten Maros) = FINANCIAL REPORTS ANALYSIS TO IDENTIFY THE FINANCIAL HEALTH OF PERUSAHAAN DAERAH AIR MINUM (Case Study of PDAM Makassar City, Gowa Regency, and Maros Regency)

This study examines the financial performance of three regional drinking water companies (PDAMs) in Indonesia: PDAM Makassar City, PDAM Gowa Regency, and PDAM Maros Regency, using the Altman Z-Score model. PDAM Makassar City demonstrates a healthy financial condition, while PDAM Gowa Regency and PDAM Maros Regency are vulnerable to bankruptcy. Recommendations include improving working capital management and profitability for the latter two companies, while PDAM Makassar City should focus on optimizing asset management and exploring expansion opportunities for long-term sustainability. Further analysis and consultation with financial experts are advised for a comprehensive understanding of each company's financial position and suitable strategies.

Keywords : Financial performance, Regional drinking water companies, Altman Z-Score, Bankruptcy vulnerability.