SK Securities Co (XKRX:001510) Financial Strength : 2 (As of Mar. 2024)

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What is SK Securities Co Financial Strength?

SK Securities Co has the Financial Strength Rank of 2. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.

Warning Sign:

SK Securities Co Ltd displays poor financial strength. Usually, this is caused by too much debt for the company.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

GuruFocus does not calculate SK Securities Co's interest coverage with the available data. Altman Z-Score does not apply to banks and insurance companies.

SK Securities Co Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

SK Securities Co's Interest Expense for the months ended in Mar. 2024 was ₩0 Mil. Its Operating Income for the months ended in Mar. 2024 was ₩0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩0 Mil.

SK Securities Co's Interest Coverage for the quarter that ended in Mar. 2024 is

SK Securities Co had no long-term debt ⁽¹⁾.

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

SK Securities Co's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is

Debt to Revenue Ratio	=	Total Debt (Q: Mar. 2024 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	0)	/	0
	=	N/A

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Altman Z-Score does not apply to banks and insurance companies.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

SK Securities Co (XKRX:001510) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

SK Securities Co has the Financial Strength Rank of 2. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.

SK Securities Co Financial Strength Related Terms

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SK Securities Co (XKRX:001510) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » SK Securities Co Ltd (XKRX:001510) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

001515.PFD:Korea

Address

23-10 Yeouido-dong, Yeoungdungpo-gu, Seoul, KOR

Website

http://www.sks.co.kr

SK Securities Co Ltd is a Korea-based financial services provider in the securities market. The company provides an array of financial services from individual investors and institutions to corporate entities. It is primarily engaged in the securities brokerage, dealing and underwriting businesses, covering stocks, futures, options, government bonds, corporate bonds, foreign exchanges and financial derivative products. In addition, it also involved in the investment banking business, which provides acquisition and project financing services, as well as wealth management services.