LG Electronics Balance Sheet Health
Financial Health criteria checks 6/6
LG Electronics has a total shareholder equity of ₩24,895.2B and total debt of ₩11,438.2B, which brings its debt-to-equity ratio to 45.9%. Its total assets and total liabilities are ₩61,299.4B and ₩36,404.2B respectively. LG Electronics's EBIT is ₩4,032.8B making its interest coverage ratio 20. It has cash and short-term investments of ₩7,728.5B.
Key information
45.9%
Debt to equity ratio
₩11.44t
Debt
Interest coverage ratio | 20x |
Cash | ₩7.73t |
Equity | ₩24.90t |
Total liabilities | ₩36.40t |
Total assets | ₩61.30t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LGLDL's short term assets (₩33,356.9B) exceed its short term liabilities (₩25,981.7B).
Long Term Liabilities: LGLDL's short term assets (₩33,356.9B) exceed its long term liabilities (₩10,422.5B).
Debt to Equity History and Analysis
Debt Level: LGLDL's net debt to equity ratio (14.9%) is considered satisfactory.
Reducing Debt: LGLDL's debt to equity ratio has reduced from 61.4% to 45.9% over the past 5 years.
Debt Coverage: LGLDL's debt is well covered by operating cash flow (26.9%).
Interest Coverage: LGLDL's interest payments on its debt are well covered by EBIT (20x coverage).