Socar Inc. (403550) - Total Liabilities
Based on the latest financial reports, Socar Inc. (403550) has total liabilities worth ₩458.63 Billion KRW (≈ $310.81 Million 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.
Socar Inc. - Total Liabilities Trend (2020–2024)
This chart illustrates how Socar Inc.'s total liabilities have evolved over time, based on quarterly financial data. See working capital position of Socar Inc. to evaluate short-term liquidity relative to the company's equity base.
Socar Inc. Competitors by Total Liabilities
The table below lists competitors of Socar Inc. ranked by their total liabilities.
| Company | Country | Total Liabilities |
|---|---|---|
|
Senao Networks
TWO:3558
|
Taiwan | NT$6.45 Billion |
|
Launch One Acquisition Corp. Class A Ordinary shares
NASDAQ:LPAA
|
USA | $11.74 Million |
|
Firstec
KO:010820
|
Korea | ₩320.60 Billion |
|
Pacific Smiles Group Ltd
AU:PSQ
|
Australia | AU$104.03 Million |
|
BAJEL PROJECTS LTD
NSE:BAJEL
|
India | Rs17.91 Billion |
|
Soyea Technology Co Ltd
SHE:000909
|
China | CN¥1.30 Billion |
|
Graf Global Corp
NYSE MKT:GRAF
|
USA | $10.60 Million |
|
Goody Science & Technology Co Ltd
SHE:002694
|
China | CN¥1.12 Billion |
Liability Composition Analysis (2020–2024)
This chart breaks down Socar Inc.'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 market value of Socar Inc..
Liquidity & Leverage Metrics
Key Metrics Explained
| Metric | Value | Description |
|---|---|---|
| Current Ratio | 0.66 | 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 | 2.57 | Measures financial leverage (Total Liabilities ÷ Shareholder Equity) |
| Debt to Assets | 0.72 | 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 Socar Inc.'s debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.
Annual Total Liabilities for Socar Inc. (2020–2024)
The table below shows the annual total liabilities of Socar Inc. from 2020 to 2024.
| Year | Total Liabilities | Change |
|---|---|---|
| 2024-12-31 | ₩448.05 Billion ≈ $303.64 Million |
-4.12% |
| 2023-12-31 | ₩467.28 Billion ≈ $316.67 Million |
+38.19% |
| 2022-12-31 | ₩338.13 Billion ≈ $229.15 Million |
+19.79% |
| 2021-12-31 | ₩282.28 Billion ≈ $191.30 Million |
+17.68% |
| 2020-12-31 | ₩239.87 Billion ≈ $162.56 Million |
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About Socar Inc.
SOCAR Inc. operates as a mobility company in South Korea. It provides car sharing services. The company was founded in 2011 and is headquartered in Jeju-si, South Korea.