The objectives of this research are (I) to know the financial ratio of PT Bu kit Asam tbk period 2004-2008, (2)to know the probability of bankruptcy based on Altman Model, and (3) discuss the efforts that have been done by the company to avoid the bankruptcy. The results of the study period of years 2004-2008 shows that the company will not experience bankrupt.Index each year shows the value fa…