Taeyoung E&C Annual Corporate Group Disclosure: Debt Ratio Remains High at 364%
Taeyoung E&C's individual total assets are approximately 2,096.4 billion KRW, total liabilities 1,644.7 billion KRW, resulting in a debt ratio of 364.13%, indicating significant financial leverage that warrants investor caution.
Cash and cash equivalents stand at about 273.6 billion KRW, providing some short-term liquidity, but borrowings of 328.6 billion KRW (within total liabilities) lead to annual interest expenses of 21.6 billion KRW.
The largest shareholder is TY Holdings with 58.22% of common shares, ensuring stable control; direct holdings by the controlling person (Yoon Se-young) and relatives are negligible at 0.02%.
Intra-group transactions are extensive, with debt guarantees to Inje Speedium amounting to 63.0 billion KRW and financial receivables from affiliates such as Neocity totaling 150.6 billion KRW, posing potential contagion risk.
[AI Comprehensive Analysis]This disclosure is a routine annual report with no new positive or negative events. However, the high debt ratio of 364% and extensive related-party transactions and guarantees represent potential financial risks that investors should consider for long-term decisions.
KOSPI Filing Information
Filing: Large Enterprise Group Status Disclosure [Annual And First Quarter Use (Individual Company)]
Company: Taeyoung Engineering & Construction (009410)