South Korea Corporate Debt Ratio, Operating Margin & Interest Coverage Ratio (Quarterly)
Quarterly Financial Statement Analysis (기업경영분석) of Korean Non-Financial Corporations compiled by the Bank of Korea: Growth Indicators (`502Y001`: Sales Growth, Total Asset Growth), Profitability Indicators (`502Y002`: Operating Margin on Sales, Pre-Tax Net Margin, Interest Coverage Ratio), Leverage Indicators (`502Y003`: Debt-to-Equity Ratio, Borrowing Dependency, Equity Ratio), and Asset Turnover (`502Y004`) across All Industries, Manufacturing, Non-Manufacturing, Large Enterprises, and SMEs.
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | Q4-2023 | Q3-2023 | Q2-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Corporate Growth Indicators (YoY / Period %)2 | ||||||||||||||
| Sales Growth Rate: All Industries4 | 26.71 | 13.53 | 2.48 | 2.07 | -0.74 | 2.43 | 3.53 | 4.3 | 5.27 | 1.15 | -1.31 | -5.22 | -4.33 | |
| Sales Growth Rate: Manufacturing | 39.61 | 21.13 | 4.69 | 2.88 | -1.66 | 2.85 | 3.83 | 4.94 | 7.31 | 3.32 | 0.87 | -6.77 | -6.92 | |
| Sales Growth Rate: Non-Manufacturing | 9.68 | 3.67 | -0.34 | 1.15 | 0.35 | 1.88 | 3.15 | 3.46 | 2.58 | -1.57 | -4.04 | -3.11 | -0.7 | |
| Sales Growth Rate: Large Enterprises | 30.46 | 15.96 | 3.96 | 2.57 | -0.6 | 2.63 | 3.26 | 4.68 | 5.4 | 3.04 | -1.26 | -5.77 | -4.84 | |
| Sales Growth Rate: SMEs | 10.2 | 2.35 | -3.72 | 0 | -1.31 | 1.41 | 4.78 | 2.44 | 4.63 | -6.91 | -1.52 | -2.67 | -2.02 | |
| Total Asset Growth Rate: All Industries | 6.77 | 4.66 | 2.63 | 2.55 | 0.2 | 1.37 | 2.04 | 0.43 | 1.35 | 2.82 | -0.2 | 2.08 | 1.14 | |
| Corporate Profitability & Interest Coverage (%)3 | ||||||||||||||
| Operating Income to Sales (Operating Margin): All Industries4 | 16.9 | 13.22 | 6.6 | 6.11 | 5.11 | 6.03 | 4.07 | 5.79 | 6.24 | 5.36 | 2.57 | 4.04 | 3.64 | |
| Operating Margin: Manufacturing1 | 23.99 | 18.15 | 8.57 | 7.05 | 5.14 | 6.17 | 4.2 | 6.07 | 7.07 | 5.39 | 1.78 | 4.01 | 2.92 | |
| Operating Margin: Machinery, Electrical & Electronics (Semiconductors) | 42.98 | 32.47 | 15.94 | 11.46 | 7.37 | 6.91 | 4.68 | 8.75 | 10.17 | 5.65 | 0.09 | 0.92 | -1.63 | |
| Operating Margin: Non-Manufacturing | 4.99 | 5.74 | 3.94 | 5.03 | 5.08 | 5.86 | 3.9 | 5.42 | 5.1 | 5.32 | 3.61 | 4.07 | 4.58 | |
| Operating Margin: Large Enterprises | 19.13 | 14.84 | 7.08 | 6.61 | 5.14 | 6.42 | 4.84 | 5.99 | 6.64 | 5.7 | 3.39 | 4.08 | 3.33 | |
| Operating Margin: SMEs | 5.29 | 4.73 | 4.4 | 4.04 | 5.01 | 4.06 | 0.54 | 4.8 | 4.36 | 3.76 | -1 | 3.85 | 5.02 | |
| Pre-Tax Net Income to Sales: All Industries | 23.14 | 15.45 | 5.18 | 6.95 | 5.28 | 7.7 | 2.66 | 5.57 | 6.74 | 7.43 | 0.68 | 5.1 | 5.95 | |
| Interest Coverage Ratio: All Industries1 | 1,513.38 | 930.83 | 472.96 | 406.4 | 323.52 | 420.53 | 188.19 | 387.65 | 418.22 | 377.13 | 169.93 | 235.89 | 252.43 | |
| Interest Coverage Ratio: Manufacturing | 2,987.78 | 1,448.58 | 781.5 | 567.42 | 390.03 | 522.97 | 223.48 | 501.74 | 634.45 | 451.81 | 163.42 | 229.34 | 244.87 | |
| Corporate Financial Stability & Leverage (%)4 | ||||||||||||||
| Debt-to-Equity Ratio: All Industries4 | 84.48 | 86.97 | 88.89 | 88.75 | 89.81 | 89.9 | 91.17 | 87.84 | 88.92 | 92.13 | 89.18 | 90.22 | 90.85 | |
| Debt-to-Equity Ratio: Manufacturing | 65.7 | 67.97 | 67.8 | 65.24 | 65.81 | 68.47 | 68.98 | 65.97 | 67.07 | 70.25 | 67.46 | 69.09 | 69.1 | |
| Debt-to-Equity Ratio: Non-Manufacturing | 120.16 | 122.94 | 127.94 | 127.5 | 129.57 | 132.57 | 134.93 | 130.85 | 131.89 | 133.61 | 130.12 | 130.1 | 131.88 | |
| Debt-to-Equity Ratio: Large Enterprises | 79.79 | 83.76 | 85.48 | 84.39 | 84.88 | 85.97 | 86.92 | 83.96 | 84.66 | 87.68 | 85.2 | 86.54 | 86.83 | |
| Debt-to-Equity Ratio: SMEs | 112.06 | 102.99 | 105.43 | 108.69 | 112.44 | 111.29 | 114.65 | 108.34 | 112.04 | 114.32 | 108.88 | 107.89 | 110.77 | |
| Borrowing Dependency Ratio: All Industries | 22.85 | 23.88 | 24.43 | 26.24 | 26.65 | 25.01 | 25.08 | 25.41 | 25.25 | 25.67 | 25.35 | 25.94 | 25.97 | |
| Stockholders' Equity to Total Assets: All Industries | 54.21 | 53.48 | 52.41 | 52.98 | 52.69 | 52.66 | 52.31 | 53.24 | 52.93 | 52.05 | 52.86 | 52.57 | 52.4 | |
| Total Asset Turnover: All Industries | 0.89 | 0.81 | 0.79 | 0.78 | 0.77 | 0.78 | 0.83 | 0.81 | 0.83 | 0.8 | 0.84 | 0.8 | 0.82 |
Latest reading
The series on this page is quarterly and runs from Q1 2015 to Q2 2026.
About this data
Quarterly Financial Statement Analysis (기업경영분석) of Korean Non-Financial Corporations compiled by the Bank of Korea: Growth Indicators (`502Y001`: Sales Growth, Total Asset Growth), Profitability Indicators (`502Y002`: Operating Margin on Sales, Pre-Tax Net Margin, Interest Coverage Ratio), Leverage Indicators (`502Y003`: Debt-to-Equity Ratio, Borrowing Dependency, Equity Ratio), and Asset Turnover (`502Y004`) across All Industries, Manufacturing, Non-Manufacturing, Large Enterprises, and SMEs.
Frequently asked questions
- What is the latest figure for South Korea Corporate Debt Ratio, Operating Margin & Interest Coverage Ratio (Quarterly)?
- The latest reading is 16.9%, for Q2 2026. That is +3.7 pp from Q1 2026 and +11.8 pp from a year earlier.
- How far back does the South Korea Corporate Debt Ratio, Operating Margin & Interest Coverage Ratio (Quarterly) data go?
- The series on this page is quarterly and runs from Q1 2015 to Q2 2026. Every series in the table can be charted over its full history and downloaded as CSV or Excel.