GM Daewoo Auto and Technology Co. has been placed on a list of 45 corporations that have high debt-to-equity ratios that categorize them as financially unviable, according to a report by the Financial Supervisory Service, Koreaâ€™s top financial regulating agency. While the test criteria was developed mainly for Koreaâ€™s conglomerate companies known as chaebol, GMDAT has been added due to its extremely high debt ratio, which stands at 741.3%. A GMDAT source confirms the figure is correct ...
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