Nexen Tire Corporation

KOSE:A002350 Stock Report

Market Cap: ₩591.5b

Nexen Tire Balance Sheet Health

Financial Health criteria checks 2/6

Nexen Tire has a total shareholder equity of ₩1,799.4B and total debt of ₩1,825.1B, which brings its debt-to-equity ratio to 101.4%. Its total assets and total liabilities are ₩4,562.4B and ₩2,762.9B respectively. Nexen Tire's EBIT is ₩220.7B making its interest coverage ratio 2.7. It has cash and short-term investments of ₩261.1B.

Key information

101.4%

Debt to equity ratio

₩1.83t

Debt

Interest coverage ratio2.7x
Cash₩261.11b
Equity₩1.80t
Total liabilities₩2.76t
Total assets₩4.56t

Recent financial health updates

Nexen Tire (KRX:002350) Use Of Debt Could Be Considered Risky

Feb 26
Nexen Tire (KRX:002350) Use Of Debt Could Be Considered Risky

Nexen Tire (KRX:002350) Has No Shortage Of Debt

Apr 12
Nexen Tire (KRX:002350) Has No Shortage Of Debt

Is Nexen Tire (KRX:002350) Using Too Much Debt?

Jan 07
Is Nexen Tire (KRX:002350) Using Too Much Debt?

Recent updates

Nexen Tire Corporation's (KRX:002350) Earnings Haven't Escaped The Attention Of Investors

May 06
Nexen Tire Corporation's (KRX:002350) Earnings Haven't Escaped The Attention Of Investors

Is Nexen Tire Corporation (KRX:002350) Trading At A 37% Discount?

Apr 11
Is Nexen Tire Corporation (KRX:002350) Trading At A 37% Discount?

Nexen Tire (KRX:002350) Use Of Debt Could Be Considered Risky

Feb 26
Nexen Tire (KRX:002350) Use Of Debt Could Be Considered Risky

Nexen Tire's (KRX:002350) Returns On Capital Not Reflecting Well On The Business

May 03
Nexen Tire's (KRX:002350) Returns On Capital Not Reflecting Well On The Business

Nexen Tire (KRX:002350) Has No Shortage Of Debt

Apr 12
Nexen Tire (KRX:002350) Has No Shortage Of Debt

Would Nexen Tire Corporation (KRX:002350) Be Valuable To Income Investors?

Mar 22
Would Nexen Tire Corporation (KRX:002350) Be Valuable To Income Investors?

Nexen Tire Corporation (KRX:002350) Shares Could Be 24% Below Their Intrinsic Value Estimate

Mar 07
Nexen Tire Corporation (KRX:002350) Shares Could Be 24% Below Their Intrinsic Value Estimate

Do Institutions Own Nexen Tire Corporation (KRX:002350) Shares?

Feb 20
Do Institutions Own Nexen Tire Corporation (KRX:002350) Shares?

If You Had Bought Nexen Tire's (KRX:002350) Shares Five Years Ago You Would Be Down 44%

Feb 05
If You Had Bought Nexen Tire's (KRX:002350) Shares Five Years Ago You Would Be Down 44%

The Trends At Nexen Tire (KRX:002350) That You Should Know About

Jan 21
The Trends At Nexen Tire (KRX:002350) That You Should Know About

Is Nexen Tire (KRX:002350) Using Too Much Debt?

Jan 07
Is Nexen Tire (KRX:002350) Using Too Much Debt?

Should You Investigate Nexen Tire Corporation (KRX:002350) At ₩6,420?

Dec 20
Should You Investigate Nexen Tire Corporation (KRX:002350) At ₩6,420?

Is There An Opportunity With Nexen Tire Corporation's (KRX:002350) 31% Undervaluation?

Dec 05
Is There An Opportunity With Nexen Tire Corporation's (KRX:002350) 31% Undervaluation?

Could The Nexen Tire Corporation (KRX:002350) Ownership Structure Tell Us Something Useful?

Nov 20
Could The Nexen Tire Corporation (KRX:002350) Ownership Structure Tell Us Something Useful?

Financial Position Analysis

Short Term Liabilities: A002350's short term assets (₩1,845.4B) exceed its short term liabilities (₩1,475.8B).

Long Term Liabilities: A002350's short term assets (₩1,845.4B) exceed its long term liabilities (₩1,287.2B).

Debt to Equity History and Analysis

Debt Level: A002350's net debt to equity ratio (86.9%) is considered high.

Reducing Debt: A002350's debt to equity ratio has increased from 79.2% to 101.4% over the past 5 years.

Debt Coverage: A002350's debt is not well covered by operating cash flow (12%).

Interest Coverage: A002350's interest payments on its debt are not well covered by EBIT (2.7x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/03 09:33
End of Day Share Price 2025/01/03 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Nexen Tire Corporation is covered by 39 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Paul HwangBarclays
Hyun Soo LeeCape Investment & Securities Co., Ltd.
Sanghoon KimCitigroup Inc