Firms Strive to Hold 'Debt Maginot Line'

Monday, March 23, 2009

According to a March 22 report from the Korea Times, the Asian currency crisis, which caused many Korean firms to fold a decade ago, left a strong legacy that debt-to-equity ratio should be less than 100 percent. However, this debt `Maginot Line' shows clear signs of collapsing in the midst of the ongoing financial crisis. Samsung Heavy Industries saw its year-on-year debt ratio more than double from 484 percent in 2007 to 1,022 percent. Daewoo Shipbuilding & Marine Engineering also stood at a higher level in the list with 671 percent.

(Source: Korea Times)

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Rolls-Royce to Sell Michell Bearing Business

Rolls-Royce has today confirmed its intention to sell its Michell Bearings business to British Engines Limited for a cash consideration of £12.6m. Subject to licence consents,

Euronav Warns Against Speeding up Tankers

Many investors are asking questions about the dynamics of the tanker market and asked us to confirm their views on vessel utilisation across the tanker market. This

D'Amico Orders Two 'Eco' LR1 Product Tankers

D'Amico International Shipping has ordered two new long range one product tankers, to be built by Vietnam’s Vinashin Shipyard Co for about $44m each.   The tankers

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Salvage Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3090 sec (3 req/sec)