This study aims to predict, analyze and determine the level of bankruptcy of the company PT. Kalbe Farma Tbk for the period 2011-2019 using the Altman Z-Score method. This study uses descriptive quantitative methods in analyzing data based on the Altman Z-Score method. The data collection technique used in this study is secondary data in the form of company financial statements for 2011-2019. The data analysis technique used in this research is descriptive analysis technique. The results of this study indicate that PT. Kalbe Farma Tbk for the period 2011-2019 is declared healthy. In 2011 the z- score was 2.971, in 2012 the z-score was 5.695, in 2013 the z-score was 5.4, in 2014 the z-score was 6.18, in the year with a z-score of 4.706, in 2016 it obtained a z-score of 4.721, in 2017 it produced a z- score of 4.625, in 2018 it obtained a z-score of 4.075, while in 2019 the z-score value of 3.909.