LG Electronics Balance Sheet Health
Financial Health criteria checks 6/6
LG Electronics has a total shareholder equity of ₩23,498.5B and total debt of ₩13,320.8B, which brings its debt-to-equity ratio to 56.7%. Its total assets and total liabilities are ₩60,240.8B and ₩36,742.3B respectively. LG Electronics's EBIT is ₩3,549.1B making its interest coverage ratio 26.9. It has cash and short-term investments of ₩8,588.7B.
Key information
56.7%
Debt to equity ratio
₩13.32t
Debt
Interest coverage ratio | 26.9x |
Cash | ₩8.59t |
Equity | ₩23.50t |
Total liabilities | ₩36.74t |
Total assets | ₩60.24t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LGLG's short term assets (₩30,337.1B) exceed its short term liabilities (₩24,160.4B).
Long Term Liabilities: LGLG's short term assets (₩30,337.1B) exceed its long term liabilities (₩12,581.9B).
Debt to Equity History and Analysis
Debt Level: LGLG's net debt to equity ratio (20.1%) is considered satisfactory.
Reducing Debt: LGLG's debt to equity ratio has reduced from 67.3% to 56.7% over the past 5 years.
Debt Coverage: LGLG's debt is well covered by operating cash flow (44.4%).
Interest Coverage: LGLG's interest payments on its debt are well covered by EBIT (26.9x coverage).