Top-10 Companies' Liquid Assets Bloat 22% in 2 Years

SEOUL, KOREA- As uncertainties increased, the volume of liquid assets held by top-ten publicly listed corporations have risen more than 20 percent for the past two years.According to the electronic disclosure system run by the Financial Supervisory Service and financial service provider FnGuide on September 16, the total amount of liquid assets of 81 public manufacturing companies under the umbrella of top-ten conglomerates as of the end of June this year was 252,319.1 billion won, up 21.9 percent from two years ago. All the figures were on an IFRS (International Financial Reporting Standards) basis.

The largest company in terms of liquid assets was Samsung at 85,900.5 billion won, followed by Hyundai Motor (59,288.7 billion won), LG (30,815.4 billion won), SK (20,175.1 billion won), and Hyundai Heavy Industries (17,361.1 billion won).

Liquid assets are defined as those assets that can be cashed out in one year, including cash, ordinary account deposits, temporarily held securities, goods, inventories, raw materials, and money paid in advance. The reason the liquid asset balance has risen so much for the past two years was the companies had few investment outlets due to uncertainties in domestic and international markets.

Korea IT Times (info@koreaittimes.com) 다른기사 보기