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SOUTH KOREA'S LISTED FIRMS' CASH RESERVE RATIO SHOOTS UP.
SEOUL, Dec. 3 Asia Pulse - South Korea's listed companies saw their reserves of cash and cash equivalents soar in the first nine months of this year, as they remained hesitant to make fresh investments amid an uncertain economic environment, the local bourse operator said Sunday.
The average reserve ratio of the nation's 534 listed companies that close their books on Dec. 31 stood at 675.8 per cent as of the end of September, up 49.4 percentage points from the end of last year, the Korea Exchange said in a statement.
The reserve ratio, which measures a corporation's capital surplus and retained earnings against paid-in capital, is a good indicator of a company's financial stability. However, the higher the ratio is, the more a company is unwilling to invest.
The exchange said the reserve ratio skyrocketed through September this year as corporate earnings increased sharply in the first half.
"Uncertainties in ...
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Source: HighBeam Research, SOUTH KOREA'S LISTED FIRMS' CASH RESERVE RATIO SHOOTS UP.