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Listed firms' debt repayment ability improves in H1
제목 없음
South Korea's listed companies saw their ability to repay short-term liabilities
improve slightly in the first half of the year on reduced short-term debts, data
showed Monday.
The average current ratio of 469 of 660 listed firms, which are listed on the Seoul main bourse and close their books on Dec. 31, reached 239.48 percent as of end-June, up 6.13 percentage points from the end of last year, according to the data by the Korea Exchange and the Korea Listed Companies Association.
Numbers for the remaining companies, including market bellwether Samsung Electronics Co. and top steelmaker POSCO, are not available, it said.
The current ratio, or current assets divided by current liabilities, is a quick indicator of how well a firm can repay its short-term liabilities. A higher reading indicates better capability to pay off short-term debts.
The improvement came as a decline in short-term liabilities outpaced a fall in short-term assets.
The tallied firms' average current liabilities slumped 21.1 percent from six months earlier to 43.9 trillion won (US$40.6 billion), while their current assets fell 19 percent to 105.2 trillion won, the data showed.
Date
2011.08.22
The average current ratio of 469 of 660 listed firms, which are listed on the Seoul main bourse and close their books on Dec. 31, reached 239.48 percent as of end-June, up 6.13 percentage points from the end of last year, according to the data by the Korea Exchange and the Korea Listed Companies Association.
Numbers for the remaining companies, including market bellwether Samsung Electronics Co. and top steelmaker POSCO, are not available, it said.
The current ratio, or current assets divided by current liabilities, is a quick indicator of how well a firm can repay its short-term liabilities. A higher reading indicates better capability to pay off short-term debts.
The improvement came as a decline in short-term liabilities outpaced a fall in short-term assets.
The tallied firms' average current liabilities slumped 21.1 percent from six months earlier to 43.9 trillion won (US$40.6 billion), while their current assets fell 19 percent to 105.2 trillion won, the data showed.
Source; Yonhap News (August 21, 2011)