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, Korea’s top financial regulating agency. While the test criteria was developed mainly for Korea’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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