Bankruptcy occurs when a firm lacks sufficient capital, cannot pay its debts, or is unable to improve its situation. Financial reports can be analyzed using financial ratios to determine a firm's condition, including working capital to total assets, capital to debt ratio, and profitability ratio. This research examined the financial health of 30 public companies listed on the Jakarta Stock Exchange using the Z-Score method, finding that 30% were bankrupt, 20% had financial troubles, and 50% were in good condition. The Z-Score method can help the Jakarta Stock Exchange evaluate the financial condition of companies seeking to sell shares to the public.