- The document analyzes the bankruptcy of 11 plantation companies listed on the Indonesia Stock Exchange from 2009 to 2011 using the Springate, Zmijewski, and Altman bankruptcy prediction models. - Across the three models and three years, most companies were found to be healthy, with some identified as in the grey area or bankrupt according to the different models. - Statistical tests were performed to analyze the variance in scores between groups and years, with the results presented in tables and graphs.