GWANGJU < invest Korea

According to Yonhap News,

The Current ratio of listed companies in Gwangju and Jeonnam declined slightly in June. The current ratio is a financial ratio that measures a firm's ability to repay its short-term debts. It compared a firm's current assets to its current liabilities.

The current ratio in June dropped by 2.35% point to stand at 122.62%, compared with the end of last year. The current assets rose by 15.77% to KRW 1.239 trillion, and the current liabilities increased by 17.99% to KRW 1.109 trillion.

The company with the highest current ratio was Gwangju Shinsegae(417.02%), followed by Bukook Steel(321.26%), Dong-A Steel Technology(215.26%). The company with the highest increase in the current ratio was Gwangju Shinsegae(81.15%P), followed by Bukook Steel(40.95%P), and Dayou DMC(30.67%P).

Source Text

Source: Yonhap News (August 22, 2011)

** This is an English translation of Korean news article.