Penelitian ini bertujuan untuk menguji pengaruh corporate governance dan rasio keuangan terhadap financial distress. Pengumpulan data menggunakan data sekunder yang berasal dari laporan tahunan perusahaan di Bursa Efek Indonesia periode 2015-2019 dan database S&P Global Market Intelligence. Populasi penelitian terdiri atas 410 perusahaan dengan periode observasi 5 tahun Sehingga, total observasi penelitian adalah 1.330 observasi yang diperoleh dengan metode purposive sampling. Hasil penelitian dengan regresi logistik menunjukkan bahwa corporate governance yang terdiri atas kepemilikan blockholder dan kepemilikan institusional serta rasio keuangan, likuiditas dan profitabilitas memiliki pengaruh yang signifikan dalam mengurangi kemungkinan perusahaan mengalami financial distress. Di sisi lain, leverage juga memiliki pengaruh yang signifikan dalam meningkatkan kemungkinan perusahaan mengalami financial distress. Sedangkan komisaris independen, komite audit dan kepemilikan manajerial tidak memiliki pengaruh yang signifikan terhadap kemungkinan perusahaan mengalami financial distress./This study aims to examine the effect of corporate governance and financial ratios on financial distress. Data collection uses secondary data from the company's annual reports on the Indonesia Stock Exchange for the period 2015-2019 and the S&P Global Market Intelligence database. The study population consisted of 410 companies with an observation period of 5 years. Thus, the total research observations were 1,330 observations obtained by purposive sampling method. The results of the logistic regression research show that corporate governance consisting of blockholder ownership and institutional ownership as well as financial ratios, liquidity and profitability has a significant effect in reducing the possibility of a company experiencing financial distress. On the other hand, leverage also has a significant effect in increasing the likelihood of a company experiencing financial distress. Meanwhile, independent commissioners, audit committee and managerial ownership do not have a significant effect on the possibility of a company experiencing financial distress.