The study looked at cash flow patterns of companies to predict bankruptcy. They analyzed data from 96 companies in Indonesia from 2010 to 2019. The researchers found that companies with negative operating cash flows and positive investing and financing cash flows are more likely to go bankrupt. Companies with negative operating and investing cash flows but positive financing cash flows also face a high risk of bankruptcy. On the other hand, companies with positive operating cash flow, negative investing cash flow, and positive financing cash flow are less likely to go bankrupt.