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Biz News Korea(Eng)
South Korean listed firms’ balance sheet improves H1 versus year-ago
- Collected
- 2017.08.22
- Distributed
- 2017.08.23
- Source
- Go Direct
According to Korea Exchange and Korea Listed Companies Association, the debt to equity ratio of 590 non-financial companies among 731 Kospi-listed companies that close accounts in December was 111.61 percent as of end of June, down from 115.07 percent in the end of December.
Debt to equity ratio is measured by dividing total liabilities by total shareholders’ equity. A lower ratio indicates lower risk in terms of financial distress.
The combined equity capital of the 590 companies totaled 1,024.6 trillion won ($899.6 billion) as of end of June, up 3.83 percent from the end of December. Their debt rose 0.71 percent to 1,143.6 trillion won over the cited period.
Data also showed that 330 companies, or 55.9 percent of the total, had their debt ratio of 100 percent of lower, while 84 companies, or 14.2 percent of the total, had the ratio of 200 percent or higher.
By sector, companies in 23 industries including real estate, distribution and transportation, chemical materials and product manufacturing, and information technology saw their debt ratio drop over the cited period while those in agriculture, fisheries and forestry and other areas saw higher debt ratio.
By Han Ye-kyung
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]