The company maintains a disciplined financial profile with a debt-to-equity ratio consistently ranging between 0.81 and 0.94, though liquidity remains under pressure as evidenced by a current ratio that dipped to 0.81 in 2024Q4.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 |
|---|
| Total Current Assets | 7.11T | 6.73T | 7.48T | 6.59T | 7.22T | 6.35T | 8.78T | 8.1T | 7.96T | 6.2T | 6T | 5.16T | 5.08T | 5.12T | 5.29T | 3.95T | 5.48T | 4.98T | 3.99T | 4.82T | 4.45T | 4.55T | 4.24T | 4.27T | 4.04T | 4.35T | 2.79T | 1.74T | 1.4T |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | 1.45T | 1.49T | 2.02T | 1.45T | 1.88T | 872.73B | 1.37T | 1.27T | 1.51T | 1.46T | 1.51T | 768.92B | 834.43B | 1.4T | 920.13B | 895.56B | 357.47B | 953.86B | 1.01T | 886.35B | 463.54B | 374.42B | 358B | 332.5B | 664.29B | 867.65B | 90.29B | 85.27B | 437.37B |
| Short-Term Investments | 293.73B | 186.64B | 323.89B | 294.93B | 237.23B | 513.69B | 1.58T | 997.31B | 1.24T | 761.17B | 576.13B | 783.35B | 593.23B | 417.54B | 574.54B | 806.31B | 693.31B | 728.4B | 741.4B | 783.98B | 728.48B | 874.7B | 648B | 1.19T | 956.11B | 1.07T | 1.28T | 517.55B | 328.91B |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Inventory | 199.12B | 167.63B | 209.78B | 179.81B | 166.35B | 204.64B | 171.44B | 162.88B | 288.05B | 272.4B | 259.85B | 273.56B | 267.67B | 177.12B | 242.15B | 8.41B | 9.02B | 22.66B | 13.93B | 47.05B | 18.87B | 7.7B | 51B | 32.5B | 27.28B | 66.59B | 34.31B | 19.89B | 8.93B |
| Days Inventory Outstanding | 15.56 | 4.36 | 33.52 | 29.56 | 26.96 | 33.54 | 28.83 | 24.85 | 36.08 | 32.03 | 29.76 | 30.23 | 31.76 | 23.15 | 31.36 | 1.14 | 1.37 | 24.46 | 22.2 | 71.81 | 3.28 | 1.26 | 8.11 | 5.2 | 4.22 | 9.71 | 10.48 | 8.74 | 4.68 |
| Other Current Assets | 268.73B | 253.45B | 459.59B | 211.01B | 288.34B | 140.5B | 123.2B | 222.36B | 19.7B | 59.8B | 6.43B | 109.93B | 96.23B | 40.89B | 833.11B | 222.07B | 199.79B | 205.29B | 36.02B | 36.38B | 49.77B | 168.57B | 81.95B | 147.5B | 100.83B | 67.02B | 54.56B | 33.25B | 54.17B |
| Total Non-Current Assets | 22.48T | 23.38T | 23.04T | 23.53T | 24.09T | 24.56T | 39.13T | 36.51T | 34.41T | 27.23T | 25.3T | 23.42T | 22.86T | 21.45T | 20.3T | 16.57T | 13.48T | 14.31T | 14.63T | 14.24T | 11.04T | 10T | 9.56T | 10.22T | 10.19T | 8.98T | 8.23T | 4.51T | 2.6T |
| Property, Plant & Equipment | 11.18T | 11.9T | 12.62T | 13.02T | 13.32T | 12.87T | 13.38T | 12.33T | 10.72T | 10.14T | 10.37T | 10.37T | 10.57T | 10.2T | 9.71T | 6.26T | 5.03T | 14.31T | 4.7T | 4.97T | 4.3T | 4.61T | 4.54T | 4.87T | 4.57T | 4.18T | 4.53T | 2.43T | 2.05T |
| Fixed Asset Turnover | 1.46x | 1.46x | 1.42x | 1.35x | 1.30x | 1.30x | 1.20x | 1.25x | 1.57x | 1.73x | 1.65x | 1.65x | 1.62x | 1.63x | 1.66x | 2.52x | 3.08x | 1.01x | 2.98x | 2.39x | 2.45x | 2.30x | 2.25x | 2.21x | 2.04x | 2.01x | 1.63x | 1.82x | 1.69x |
| Goodwill | 2.04T | 2.07T | 2.07T | 2.08T | 2.08T | 2.07T | 3.36T | 2.95T | 2.94T | 1.92T | 1.93T | 1.91T | 1.92T | 1.73T | 1.74T | 1.31T | 1.18T | 1.74T | 1.9T | 1.75T | 1.69T | 1.85T | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.53T | 1.71T | 2.19T | 2.86T | 3.32T | 3.87T | 4.44T | 4.87T | 5.51T | 3.59T | 3.78T | 2.3T | 2.48T | 2.75T | 2.69T | 2.36T | 1.33T | 2.25T | 2.08T | 1.68T | 1.66T | 1.56T | 3.4T | 3.85T | 3.72T | 3.82T | 2.56T | 66.5B | 36.78B |
| Long-Term Investments | 20.29T | 6.04T | 4.22T | 3.59T | 3.3T | 3.91T | 16T | 14.24T | 13.48T | 10.43T | 8.23T | 8.11T | 7.25T | 6.3T | 5.59T | 6T | 5.08T | 3.71T | 5.67T | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 29.58T | 30.11T | 30.52T | 30.12T | 31.31T | 30.91T | 47.91T | 44.61T | 42.37T | 33.43T | 31.3T | 28.58T | 27.94T | 26.58T | 25.6T | 20.52T | 18.96T | 19.3T | 18.62T | 19.06T | 15.49T | 14.55T | 13.8T | 14.49T | 14.23T | 13.33T | 11.02T | 6.24T | 4T |
| Asset Turnover | 0.58x | 0.58x | 0.59x | 0.58x | 0.55x | 0.54x | 0.34x | 0.35x | 0.40x | 0.52x | 0.55x | 0.60x | 0.61x | 0.62x | 0.63x | 0.77x | 0.82x | 0.75x | 0.75x | 0.62x | 0.68x | 0.73x | 0.74x | 0.74x | 0.66x | 0.63x | 0.67x | 0.71x | 0.86x |
| Asset Growth % | -4.93% | -1.34% | 1.31% | -3.8% | 1.28% | -35.48% | 7.39% | 5.29% | 26.74% | 6.81% | 9.5% | 2.29% | 5.14% | 3.83% | 24.73% | 8.23% | -1.75% | 3.65% | -2.32% | 23.04% | 6.47% | 5.44% | -4.78% | 1.84% | 6.73% | 20.98% | 76.47% | 56.03% | - |
| Total Current Liabilities | 6T | 6.53T | 9.22T | 6.99T | 8.05T | 6.96T | 8.18T | 7.79T | 6.85T | 7.11T | 6.44T | 5.26T | 5.42T | 6.07T | 6.17T | 4.47T | 4.26T | 3.29T | 3.41T | 3.02T | 3.06T | 2.83T | 2.96T | 4.75T | 4.3T | 3.74T | 3.22T | 1.5T | 1.19T |
| Accounts Payable | 202.56B | 110.86B | 126.51B | 139.88B | 89.25B | 190.56B | 372.91B | 438.3B | 381.3B | 351.71B | 402.44B | 279.78B | 275.5B | 214.72B | 253.88B | 195.39B | 1.63T | 1.46T | 1.27T | 1.25T | 1.17T | 1.04T | 1.16T | 1.38T | 1.7T | 1.04T | 1.07T | 606.33B | 229.14B |
| Days Payables Outstanding | 12.69 | 2.88 | 20.21 | 22.99 | 14.47 | 31.23 | 62.7 | 66.86 | 47.76 | 41.36 | 46.09 | 30.91 | 32.69 | 28.06 | 32.88 | 26.46 | 248.38 | 1.58K | 2.02K | 1.91K | 202.69 | 169.37 | 185.22 | 220.95 | 262.6 | 151.06 | 326.18 | 266.62 | 120.13 |
| Short-Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue (Current) | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 3.84T | 4.15T | 156.37B | 38.29B | 39.68B | 61.74B | 72.03B | 22.69B | 87.99B | 80.49B | 153.18B | 41.04B | 51.48B | 87.94B | 581.61B | -1.54T | -1.1T | -1.17T | -710.43B | 240.76B | 721.36B | 663.77B | 525.37B | 660B | 588.37B | 500.66B | 489.73B | 272.96B | 184.61B |
| Current Ratio | 1.18x | 1.03x | 0.81x | 0.94x | 0.90x | 0.91x | 1.07x | 1.04x | 1.16x | 0.87x | 0.93x | 0.98x | 0.94x | 0.84x | 0.86x | 0.88x | 1.29x | 1.51x | 1.17x | 1.60x | 1.45x | 1.61x | 1.43x | 0.90x | 0.94x | 1.16x | 0.87x | 1.16x | 1.17x |
| Quick Ratio | 1.15x | 1.00x | 0.79x | 0.92x | 0.88x | 0.88x | 1.05x | 1.02x | 1.12x | 0.83x | 0.89x | 0.93x | 0.89x | 0.81x | 0.82x | 0.88x | 1.28x | 1.51x | 1.17x | 1.58x | 1.45x | 1.60x | 1.41x | 0.89x | 0.93x | 1.15x | 0.86x | 1.15x | 1.17x |
| Cash Conversion Cycle | 2.87 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 10.82T | 11.02T | 9.46T | 10.9T | 11.11T | 11.62T | 15.33T | 14T | 13.17T | 8.29T | 8.74T | 7.95T | 7.27T | 6.34T | 6.57T | 4.09T | 3.25T | 4.76T | 4.48T | 4.35T | 3.38T | 3.48T | 3.87T | 3.35T | 3.69T | 3.5T | 1.72T | 1.02T | 1.35T |
| Long-Term Debt | 7.85T | 7.99T | 6.57T | 7.42T | 7.19T | 7.39T | 9.67T | 9.23T | 8.59T | 5.81T | 6.48T | 6.56T | 5.8T | 5.01T | 5.35T | 3.55T | 3.8T | 5.13T | 5.24T | 3.09T | 2.18T | 2.29T | 2.79T | 3.01T | 2.92T | 2.7T | 1.56T | 862.15B | 1.15T |
| Capital Lease Obligations | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 16.82T | 17.55T | 18.69T | 17.89T | 19.15T | 18.58T | 23.51T | 21.79T | 20.02T | 15.4T | 15.18T | 13.21T | 12.69T | 12.41T | 12.74T | 8.55T | 7.51T | 8.06T | 7.89T | 7.37T | 6.45T | 6.31T | 6.84T | 8.1T | 8T | 7.24T | 4.94T | 2.52T | 2.54T |
| Total Debt | 10.46T | 10.77T | 10.76T | 10.66T | 11.08T | 10.37T | 12.16T | 10.98T | 9.65T | 7.47T | 7.37T | 7.52T | 6.76T | 6.34T | 6.71T | 4.59T | 4.22T | 6.86T | 6.95T | 3.33T | 3T | 3.1T | 3.69T | 5.28T | 4.53T | 4.54T | 2.98T | 1.48T | 1.93T |
| Net Debt | 9.01T | 9.28T | 8.74T | 9.2T | 9.2T | 9.5T | 10.79T | 9.71T | 8.15T | 6.01T | 5.86T | 6.75T | 5.93T | 4.94T | 5.79T | 3.7T | 3.86T | 5.9T | 5.94T | 2.45T | 2.54T | 2.73T | 3.33T | 4.95T | 3.86T | 3.67T | 2.89T | 1.4T | 1.49T |
| Debt / Equity | 0.82x | 0.86x | 0.91x | 0.87x | 0.91x | 0.84x | 0.50x | 0.48x | 0.43x | 0.41x | 0.46x | 0.49x | 0.44x | 0.45x | 0.52x | 0.35x | 0.33x | 0.55x | 0.58x | 0.29x | 0.33x | 0.38x | 0.53x | 0.83x | 0.73x | 0.75x | 0.49x | 0.40x | 1.32x |
| Debt / EBITDA | 2.33x | 2.34x | 2.00x | 1.93x | 2.07x | 1.87x | 2.34x | 2.19x | 2.34x | 1.67x | 1.69x | 1.68x | 1.50x | 1.44x | 1.54x | 1.03x | 0.91x | 1.49x | 1.54x | 0.82x | 0.72x | 0.71x | 0.90x | 1.04x | 1.04x | 1.11x | 1.01x | 1.46x | 1.39x |
| Net Debt / EBITDA | 2.00x | 2.02x | 1.62x | 1.67x | 1.72x | 1.71x | 2.07x | 1.94x | 1.98x | 1.34x | 1.34x | 1.50x | 1.32x | 1.12x | 1.33x | 0.83x | 0.83x | 1.28x | 1.32x | 0.60x | 0.61x | 0.63x | 0.81x | 0.98x | 0.89x | 0.90x | 0.98x | 1.38x | 1.07x |
| Interest Coverage | - | 2.80x | 4.96x | 4.89x | 4.91x | 6.88x | 4.48x | 2.83x | 13.69x | 11.47x | 7.76x | 7.05x | 7.81x | 6.72x | 4.88x | 8.13x | 7.41x | 4.59x | 4.56x | 10.47x | 10.90x | 10.59x | 8.62x | 7.94x | - | - | 7.01x | - | - |
| Total Equity | 12.76T | 12.56T | 11.83T | 12.23T | 12.16T | 12.34T | 24.4T | 22.82T | 22.35T | 18.03T | 16.12T | 15.37T | 15.25T | 14.17T | 12.85T | 13.04T | 12.61T | 12.43T | 11.9T | 11.69T | 9.05T | 8.24T | 6.96T | 6.39T | 6.23T | 6.09T | 6.08T | 3.73T | 1.46T |
| Equity Growth % | 2.13% | 6.16% | -3.28% | 0.6% | -1.46% | -49.44% | 6.89% | 2.12% | 23.96% | 11.87% | 4.83% | 0.83% | 7.64% | 10.2% | -1.4% | 3.41% | 1.42% | 4.42% | 1.8% | 29.28% | 9.78% | 18.36% | 8.91% | 2.55% | 2.26% | 0.22% | 63.25% | 155.38% | - |
| Book Value per Share | 33916.34 | 32752.53 | 30399.04 | 31241.49 | 30961.06 | 31495.50 | 61298.79 | 57939.37 | 57893.05 | 46409.67 | 41755.85 | 39307.69 | 39324.33 | 36892.84 | 32958.17 | 34220.75 | 31153.68 | 30683.44 | 29620.09 | 28807.47 | 22257.11 | 20131.09 | 17154.79 | 15578.26 | 13528.27 | 12875.57 | 12768.14 | 8897.43 | 4036.25 |
| Total Shareholders' Equity | 12.7T | 12.46T | 11.7T | 11.39T | 11.32T | 11.58T | 23.74T | 22.96T | 22.47T | 17.84T | 15.97T | 15.25T | 14.51T | 13.45T | 11.85T | 11.97T | 11.45T | 11.24T | 10.73T | 11.44T | 8.88T | 8.13T | 6.87T | 6.23T | 5.51T | 5.39T | 5.95T | 3.71T | 1.45T |
| Common Stock | 30.05B | 30.49B | 30.49B | 30.49B | 30.49B | 30.49B | 44.64B | 44.64B | 44.64B | 44.64B | 44.64B | 44.64B | 44.64B | 44.64B | 44.64B | 44.64B | 44.64B | 44.64B | 44.64B | 44.66B | 42.58B | 44.17B | 43B | 46.25B | 45.08B | 44.6B | 44.48B | 41.55B | 31.37B |
| Retained Earnings | 9.67T | 7.92T | 23.03T | 22.8T | 22.46T | 22.44T | 22.98T | 22.24T | 22.14T | 17.84T | 15.95T | 15.01T | 14.19T | 13.1T | 12.12T | 11.84T | 10.69T | 9.96T | 9.5T | 8.92T | 7.49T | 7.19T | 5.94T | 5.39T | 4.87T | 3.39T | 2.29T | 1.37T | 942.89B |
| Treasury Stock | -86.7B | -88.53B | -92.96B | -301.98B | -36.7B | -57.31B | -2.12T | -1.7T | -1.98T | -2.26T | -2.26T | -2.26T | -2.16T | -2.16T | -2.43T | -2.43T | -2.2T | -1.99T | -2.06T | -2.04T | -2.01T | -2.05T | -2.05T | -2.15T | -2.19T | -1.43T | -5.03B | -5.03B | -1.88B |
| Accumulated OCI | 3.01T | 2.83T | 646.9B | 387.22B | 391.23B | 735.24B | 40.14B | -329.58B | -373.44B | -234.73B | -226.18B | 9.3B | -4.49B | -12.27B | -25.64B | 320.49B | 642.15B | 913.92B | 373.78B | 1.59T | 462.97B | -1.4B | -11B | -116.25B | -103.2B | -66.81B | -122.72B | 220.08B | 13.98B |
| Minority Interest | 61.85B | 92.19B | 129B | 839.35B | 836.88B | 755.79B | 652.35B | -133.29B | -121.57B | 187.06B | 145.03B | 123.02B | 741.53B | 714.18B | 1T | 1.07T | 1.15T | 1.19T | 1.18T | 253.53B | 162.39B | 107.77B | 95B | 163.75B | 725.98B | 704.65B | 131.58B | 15.11B | 13.51B |
Regulatory and competitive saturation
As reported in recent financial filings, SKM's total assets have remained relatively range-bound between 28.9 trillion KRW and 30.5 trillion KRW over the last ten quarters, suggesting a period of structural consolidation rather than aggressive expansion or significant asset liquidation within the core telecommunications business model.
The relative stability in total assets indicates that the company is currently in a maintenance phase regarding its infrastructure footprint. Investors should monitor whether this plateau reflects a strategic pivot toward capital-light AI services or simply a lack of viable investment opportunities in the saturated domestic market.
Based on the provided balance sheet data, SKM maintains a disciplined debt-to-equity ratio that has fluctuated between 0.81 and 0.94 over the past ten quarters, demonstrating a consistent commitment to maintaining a manageable leverage profile despite the high capital intensity inherent in the South Korean telecommunications sector.
This conservative approach to debt suggests that the company is prioritizing balance sheet resilience over aggressive financial engineering. Such a posture may provide the necessary buffer to navigate potential regulatory-driven revenue headwinds without compromising the company's ability to fund ongoing network upgrades or dividend obligations.
According to quarterly financial statements, SKM's current ratio has frequently dipped below 1.0, reaching a low of 0.81 in 2024Q4, which indicates that the company's short-term liquid assets may not fully cover its immediate liabilities, warranting close attention to the timing of cash inflows and outflows.
The persistent tightness in the current ratio suggests that the company operates with minimal working capital headroom, relying heavily on the predictability of its recurring service revenue. This liquidity profile leaves little room for operational errors or unexpected spikes in capital expenditure requirements.
As evidenced by the reported figures, net property, plant, and equipment (PPE) consistently accounts for a significant portion of total assets, peaking at 13.0 trillion KRW in 2023Q4, which underscores the company's reliance on physical network infrastructure to maintain its competitive position in the domestic market.
The high concentration of PPE highlights the capital-heavy nature of the business, which necessitates continuous reinvestment to prevent service degradation. The stability of these assets suggests that the company is successfully managing the depreciation cycle, though it remains vulnerable to technological obsolescence if 6G or other advancements accelerate.
Based on the provided balance sheet data, retained earnings have exhibited extreme fluctuations, dropping from 23.1 trillion KRW in 2025Q2 to 7.9 trillion KRW by 2025Q4, which suggests that non-operating accounting adjustments or significant capital allocation events are heavily distorting the company's reported equity position over time.
This erratic behavior in retained earnings warrants further investigation, as it may obscure the true underlying profitability of the core business. Investors should be cautious of relying on headline equity figures, as these swings may indicate underlying accounting complexities or significant one-time charges that are not immediately apparent.
Quick answers to the most common questions about buying SKM stock.
As of 2025, SK Telecom Co.,Ltd (SKM) had total assets of $30.11T including $6.73T in current assets.
SK Telecom Co.,Ltd (SKM) carries total debt of $10.77T. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
SK Telecom Co.,Ltd (SKM) has total shareholders' equity (book value) of $12.46T ($32752.53 book value per share). Book value represents the net worth of the company belonging to common stock holders.
SK Telecom Co.,Ltd (SKM) reported a current ratio of 1.03x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.