Nexen Tire (002350) - Total Liabilities
Based on the latest financial reports, Nexen Tire (002350) has total liabilities worth ₩2.95 Trillion KRW (≈ $2.00 Billion USD) as of September 2025. Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities. Also explore net asset growth rate of Nexen Tire to track the company's year-over-year net asset growth rate.
Nexen Tire - Total Liabilities Trend (2006–2024)
This chart illustrates how Nexen Tire's total liabilities have evolved over time, based on quarterly financial data. See 002350 free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
Nexen Tire Competitors by Total Liabilities
The table below lists competitors of Nexen Tire ranked by their total liabilities.
| Company | Country | Total Liabilities |
|---|---|---|
|
Wenfeng Great World Chain Development Corp
SHG:601010
|
China | CN¥1.97 Billion |
|
OceanPact Serviços Marítimos S.A
SA:OPCT3
|
Brazil | R$2.46 Billion |
|
Methode Electronics Inc
NYSE:MEI
|
USA | $631.30 Million |
|
D.B.Corp Limited
NSE:DBCORP
|
India | Rs7.68 Billion |
|
Ningxia Xiaoming Agriculture & Animal Husbandry Co.Ltd
SHE:300967
|
China | CN¥753.52 Million |
|
CASIN Real Estate Development Group Co Ltd
SHE:000838
|
China | CN¥2.14 Billion |
|
Taiwan Chinsan Electronic Industrial Co Ltd
TWO:8042
|
Taiwan | NT$4.89 Billion |
|
Geron Co Ltd
SHE:002722
|
China | CN¥536.03 Million |
Liability Composition Analysis (2006–2024)
This chart breaks down Nexen Tire's total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted. For the full company profile including market capitalisation, see Nexen Tire market cap and net worth.
Liquidity & Leverage Metrics
Key Metrics Explained
| Metric | Value | Description |
|---|---|---|
| Current Ratio | 1.33 | Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities) |
| Quick Ratio | N/A | More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities) |
| Cash Ratio | N/A | Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities) |
| Debt to Equity | 1.49 | Measures financial leverage (Total Liabilities ÷ Shareholder Equity) |
| Debt to Assets | 0.60 | Portion of assets financed with debt (Total Liabilities ÷ Total Assets) |
Liability Trends Comparison
This chart compares key liability metrics across different time periods, showing how Nexen Tire's debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.
Annual Total Liabilities for Nexen Tire (2006–2024)
The table below shows the annual total liabilities of Nexen Tire from 2006 to 2024.
| Year | Total Liabilities | Change |
|---|---|---|
| 2024-12-31 | ₩2.70 Trillion ≈ $1.83 Billion |
+6.93% |
| 2023-12-31 | ₩2.53 Trillion ≈ $1.71 Billion |
+7.65% |
| 2022-12-31 | ₩2.35 Trillion ≈ $1.59 Billion |
+5.60% |
| 2021-12-31 | ₩2.22 Trillion ≈ $1.51 Billion |
+11.50% |
| 2020-12-31 | ₩1.99 Trillion ≈ $1.35 Billion |
+6.18% |
| 2019-12-31 | ₩1.88 Trillion ≈ $1.27 Billion |
+3.53% |
| 2018-12-31 | ₩1.81 Trillion ≈ $1.23 Billion |
+24.67% |
| 2017-12-31 | ₩1.46 Trillion ≈ $986.08 Million |
+2.82% |
| 2016-12-31 | ₩1.42 Trillion ≈ $959.04 Million |
-8.51% |
| 2015-12-31 | ₩1.55 Trillion ≈ $1.05 Billion |
-2.96% |
| 2014-12-31 | ₩1.59 Trillion ≈ $1.08 Billion |
+6.07% |
| 2013-12-31 | ₩1.50 Trillion ≈ $1.02 Billion |
+10.67% |
| 2012-12-31 | ₩1.36 Trillion ≈ $920.26 Million |
+1.55% |
| 2011-12-31 | ₩1.34 Trillion ≈ $906.20 Million |
+80.80% |
| 2010-12-31 | ₩739.62 Billion ≈ $501.23 Million |
+16.80% |
| 2009-12-31 | ₩633.23 Billion ≈ $429.13 Million |
-12.13% |
| 2008-12-31 | ₩720.68 Billion ≈ $488.39 Million |
+66.15% |
| 2007-12-31 | ₩433.76 Billion ≈ $293.95 Million |
+41.56% |
| 2006-12-31 | ₩306.41 Billion ≈ $207.65 Million |
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About Nexen Tire
Nexen Tire Corporation manufactures and sells tires in South Korea and internationally. The company offers passenger car, SUV, electric vehicle, van and light truck, winter, racing, global OE, and solid tires, as well as tubes and flaps. It also provides tire finder and warranty services. Nexen Tire Corporation was founded in 1942 and is headquartered in Yangsan-si, South Korea.