Korea Ratings Co., Ltd. (KOSDAQ:034950)

Korea Ratings Balance Sheet

Financials in millions KRW. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	111,813	115,687	102,773	110,886	114,454	102,978
Short-Term Investments	-	-	-	-	-	1,000
Cash & Short-Term Investments	111,813	115,687	102,773	110,886	114,454	103,978
Cash Growth	3.96%	12.57%	-7.32%	-3.12%	10.08%	-13.79%
Accounts Receivable	9,367	6,971	4,999	5,938	7,209	5,929
Other Receivables	33.63	73.48	146.83	249.39	82.22	155.61
Receivables	10,361	8,302	6,053	6,844	7,801	6,515
Prepaid Expenses	423.07	254.87	202.8	139.7	222.69	236.06
Other Current Assets	533.28	95.15	97.69	95.92	77.21	66.36
Total Current Assets	123,130	124,339	109,127	117,966	122,555	110,795
Property, Plant & Equipment	4,607	5,375	5,912	2,635	3,634	5,045
Long-Term Investments	30,213	30,213	23,966	20,747	12,173	15,661
Goodwill	684.81	684.81	684.81	684.81	684.81	684.81
Other Intangible Assets	3,274	2,300	3,409	7,138	10,202	7,196
Long-Term Deferred Tax Assets	328.76	620.95	669.59	690.61	534.71	411.1
Long-Term Deferred Charges	0.04	0.04	0.04	0.04	23.33	204.82
Other Long-Term Assets	7,547	6,774	6,255	7,487	7,908	7,764
Total Assets	174,880	175,325	155,099	161,311	161,338	150,611
Accounts Payable	0.11	0.12	0.18	0.22	0.35	-
Accrued Expenses	11,372	11,785	9,819	9,674	12,965	12,087
Current Portion of Leases	637.85	638.2	592.61	344.23	656.57	701.38
Current Income Taxes Payable	2,920	5,082	2,691	6,383	7,076	6,459
Other Current Liabilities	13,488	13,129	12,473	11,183	11,640	9,895
Total Current Liabilities	28,418	30,635	25,576	27,585	32,338	29,142
Long-Term Leases	842.31	1,213	1,699	123.2	191.09	790.03
Long-Term Deferred Tax Liabilities	1,645	1,383	197.06	-	1,786	2,604
Other Long-Term Liabilities	7,699	7,311	6,623	6,370	6,421	5,817
Total Liabilities	38,605	40,542	34,096	34,078	40,736	38,353
Common Stock	24,453	24,453	24,453	24,453	24,453	24,453
Additional Paid-In Capital	16,236	16,236	16,236	16,236	16,236	16,236
Retained Earnings	75,302	71,367	63,662	72,188	66,901	57,608
Treasury Stock	-2,298	-2,298	-2,298	-2,298	-2,298	-2,298
Comprehensive Income & Other	9,234	9,234	4,293	1,747	-5,108	-2,387
Total Common Equity	122,927	118,993	106,346	112,326	100,184	93,611
Minority Interest	13,347	15,791	14,656	14,907	20,418	18,646
Shareholders' Equity	136,275	134,783	121,002	127,233	120,602	112,258
Total Liabilities & Equity	174,880	175,325	155,099	161,311	161,338	150,611
Total Debt	1,480	1,852	2,292	467.44	847.66	1,491
Net Cash (Debt)	110,333	113,835	100,481	110,419	113,606	102,486
Net Cash Growth	4.53%	13.29%	-9.00%	-2.80%	10.85%	-13.71%
Net Cash Per Share	24733.20	25518.60	22525.06	24752.76	25467.20	22974.49
Filing Date Shares Outstanding	4.46	4.46	4.46	4.46	4.46	4.46
Total Common Shares Outstanding	4.46	4.46	4.46	4.46	4.46	4.46
Working Capital	94,712	93,704	83,551	90,381	90,217	81,653
Book Value Per Share	27559.49	26674.75	23839.83	25180.34	22458.45	20985.02
Tangible Book Value	118,968	116,008	102,252	104,504	89,297	85,730
Tangible Book Value Per Share	26671.94	26005.75	22922.07	23426.77	20017.86	19218.26
Land	636.66	636.66	636.66	636.66	636.66	636.66
Buildings	2,103	2,103	2,103	2,103	2,103	2,103
Machinery	4,265	4,396	4,001	4,051	4,679	6,647

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.