The purpose of this study is to examine the effect of intellectual capital and corporate governance on financial distress during Covid-19. The quantitative study in this study used a sample of 87 financial reports collected from service companies in the hotel, tourism and restaurant subsectors listed on the Indonesia Stock Exchange for 2019-2021. The results of the research based on the regression test show that intellectual capital has a significant negative effect on financial distress, thus the higher the value of intellectual capital,  One of them is the size of the board of directors which has a significant negative effect on financial distress, with the greater the size of the board of directors, the more likely the company is to avoid financial distress.