A new problem in 2019 apart from the absence of a new location for coal reserves was the limitation of coal production by the Minister of Energy and Mineral Resources of the Republic of Indonesia. These problems indicate that there are not only external problems with the company. However, internal company problems will also arise, particularly financial distress in coal mining companies. Financial distress is a financial condition before bankruptcy or liquidation characterized by the company's

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... nability to fulfill its obligations. The purpose of this study is to determine the level of financial distress in coal mining companies listed on the Indonesia Stock Exchange for the period 2016-2020. Companies can use several models for bankruptcy analysis. In this study, the analytical model used is Altman, Springate, and Grover. The study results showed that one company experienced financial distress during the research period, and ten other companies were predicted to be safe or in safe zone status.