POSCO Holdings Inc. (PKX) Balance Sheet

NYSE: PKXAssets, liabilities, debt and equity over 10 years.

PKX balance sheet, 2025

December 31, 2025 · South Korean won

₩105.29T assets = ₩42.89T liabilities + ₩62.39T equity

Both columns are drawn to the same scale: what PKX owns equals what it owes plus shareholders’ equity. Hover a block for its value.

PKX financial health

Current ratio1.89

Comfortable · current assets cover current liabilities 1.89×

Debt / equity0.51

Moderate leverage · ₩0.51 of debt for each $1 of equity

Equity / assets53.0%

Equity-funded · of assets funded by shareholders

Cash / debt54.7%

Partial cover · cash & short-term investments vs total debt

Goodwill & intangibles5.0%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

PKX balance sheet trends, 2016–2025

POSCO Holdings Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	₩79.76T2016	₩105.29T2025	+3.1%/yr
Total liabilities	₩33.92T2016	₩42.89T2025	+2.6%/yr
Shareholders’ equity	₩45.84T2016	₩55.76T2025	+2.2%/yr
Cash & short-term investments	₩7.62T2016	₩15.59T2025	+8.3%/yr
Total debt	₩22.82T2016	₩28.53T2025	+2.5%/yr
Net cash (debt)	−₩15.20T2016	−₩12.94T2025	+₩2.3T
Working capital	₩10.39T2016	₩20.51T2025	+₩10.1T
Current ratio	1.552016	1.892025	+0.34
Debt / equity	0.502016	0.512025	+0.01
Shares outstanding	320.0M2016	302.5M2025	−0.6%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

PKX assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

PKX liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

PKX debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

PKX balance sheet in South Korean won

POSCO Holdings Inc. annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	₩15.59T	₩14.80T	₩17.91T	₩18.74T	₩18.16T	₩16.46T	₩12.46T	₩10.68T	₩9.66T	₩7.62T
Cash & equivalents	₩7.05T	₩6.77T	₩6.67T	₩8.05T	₩4.78T	₩4.75T	₩3.51T	₩2.64T	₩2.61T	₩2.45T
Short-term investments	₩8.54T	₩8.03T	₩11.24T	₩10.69T	₩13.38T	₩11.71T	₩8.95T	₩8.03T	₩7.05T	₩5.18T
Receivables	₩13.08T	₩13.14T	₩12.73T	₩11.99T	₩11.98T	₩9.66T	₩10.62T	₩10.61T	₩10.59T	₩11.28T
Inventory	₩13.74T	₩14.18T	₩14.56T	₩15.47T	₩16.10T	₩9.05T	₩10.92T	₩11.50T	₩9.95T	₩9.05T
Other current assets	₩1.18T	₩1.94T	₩1.54T	₩1.44T	₩1.19T	₩650.83B	₩839.39B	₩862.25B	₩931.50B	₩1.35T
Total current assets	₩43.58T	₩44.07T	₩46.73T	₩47.65T	₩47.42T	₩35.83T	₩34.84T	₩33.65T	₩31.13T	₩29.30T
Property, plant & equipment (net)	₩42.44T	₩39.96T	₩35.37T	₩31.88T	₩29.66T	₩29.40T	₩30.00T	₩30.21T	₩31.88T	₩33.93T
Goodwill & intangible assets	₩5.26T	₩4.57T	₩4.54T	₩4.66T	₩4.10T	₩4.39T	₩4.83T	₩4.98T	₩5.75T	₩5.93T
Long-term investments	₩7.61T	₩7.31T	₩7.59T	₩7.33T	₩6.63T	₩5.44T	₩5.53T	₩5.26T	₩5.47T	₩6.44T
Other non-current assets	₩6.39T	₩7.53T	₩7.25T	₩6.89T	₩4.48T	₩4.03T	₩3.85T	₩4.15T	₩4.80T	₩4.16T
Total assets	₩105.29T	₩103.44T	₩101.49T	₩98.41T	₩92.30T	₩79.09T	₩79.06T	₩78.25T	₩79.02T	₩79.76T
Liabilities
Accounts payable	₩6.75T	₩7.81T	₩6.96T	₩6.94T	₩6.50T	₩3.76T	₩4.26T	₩4.79T	₩4.27T	₩4.93T
Short-term debt	₩11.00T	₩9.95T	₩10.13T	₩12.07T	₩8.02T	₩8.68T	₩8.70T	₩10.30T	₩11.29T	₩10.22T
Deferred revenue	₩830.18B	₩540.81B	₩693.69B	₩597.91B	₩919.78B	₩975.95B	₩549.32B	₩617.18B	₩1.19T	₩715.79B
Total current liabilities	₩23.07T	₩22.74T	₩22.47T	₩23.19T	₩21.27T	₩16.85T	₩16.32T	₩18.94T	₩18.95T	₩18.92T
Long-term debt	₩17.53T	₩15.63T	₩15.77T	₩13.06T	₩13.51T	₩12.32T	₩12.42T	₩10.00T	₩9.86T	₩12.60T
Lease obligations	₩1.34T	₩906.10B	₩924.32B	₩823.48B	₩778.01B	₩739.67B	₩675.47B	₩94.75B	₩93.02B	₩114.41B
Other long-term liabilities	₩2.29T	₩3.63T	₩3.65T	₩3.90T	₩2.81T	₩2.24T	₩2.52T	₩2.55T	₩2.75T	₩2.41T
Total liabilities	₩42.89T	₩42.00T	₩41.89T	₩40.15T	₩37.58T	₩31.41T	₩31.26T	₩31.49T	₩31.56T	₩33.92T
Shareholders' equity
Common stock & paid-in capital	₩482.40B	₩482.40B	₩482.40B	₩482.40B	₩482.40B	₩482.40B	₩482.40B	₩482.40B	₩482.40B	₩482.40B
Retained earnings (deficit)	₩53.20T	₩53.64T	₩53.81T	₩52.97T	₩51.48T	₩46.11T	₩45.08T	₩44.22T	₩43.06T	₩41.17T
Treasury stock	—	—	—	—	−₩2.51T	−₩2.39T	−₩1.51T	−₩1.53T	−₩1.53T	−₩1.53T
Accumulated other comprehensive income	₩996.5M	₩1.16T	₩67.26B	−₩443.99B	−₩666.99B	−₩1.38T	−₩1.16T	−₩1.40T	−₩682.56B	−₩143.99B
Minority interest	₩6.63T	₩6.05T	₩5.45T	₩5.71T	—	—	₩0	₩0	₩0	₩0
Total shareholders' equity	₩55.76T	₩55.39T	₩54.15T	₩58.26T	₩50.38T	₩47.67T	₩47.79T	₩46.76T	₩47.46T	₩45.84T
Key figures
Total debt	₩28.53T	₩25.58T	₩25.90T	₩25.13T	₩21.53T	₩20.99T	₩21.12T	₩20.30T	₩21.16T	₩22.82T
Net cash (debt)	−₩12.94T	−₩10.78T	−₩8.00T	−₩6.39T	−₩3.37T	−₩4.53T	−₩8.65T	−₩9.63T	−₩11.50T	−₩15.20T
Working capital	₩20.51T	₩21.32T	₩24.26T	₩24.46T	₩26.15T	₩18.98T	₩18.52T	₩14.71T	₩12.18T	₩10.39T
Tangible book value	₩50.50T	₩50.82T	₩49.61T	₩53.60T	₩46.27T	₩43.28T	₩42.96T	₩41.78T	₩41.72T	₩39.91T
Shares outstanding	302.5M	357.5M	303.5M	78.9M	306.8M	79.1M	80.1M	320.0M	320.0M	320.0M
Current ratio	1.89	1.94	2.08	2.05	2.23	2.13	2.13	1.78	1.64	1.55
Quick ratio	1.24	1.23	1.36	1.33	1.42	1.55	1.41	1.12	1.07	1.00
Debt / equity	0.51	0.46	0.48	0.43	0.43	0.44	0.44	0.43	0.45	0.50
Equity / assets	53.0%	53.5%	53.4%	59.2%	54.6%	60.3%	60.5%	59.8%	60.1%	57.5%

POSCO Holdings Inc. quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	₩14.30T	₩14.90T	₩15.59T	₩15.84T	₩16.54T	₩15.50T	₩14.80T	₩16.10T	₩18.91T	₩17.88T	₩13.51T	₩19.76T
Cash & equivalents	₩6.35T	₩7.07T	₩7.05T	₩7.17T	₩7.00T	₩6.77T	₩6.77T	₩7.73T	₩8.03T	₩6.87T	₩5.20T	₩7.15T
Short-term investments	₩7.95T	₩7.83T	₩8.54T	₩8.67T	₩9.54T	₩8.72T	₩8.03T	₩8.37T	₩10.88T	₩11.01T	₩8.31T	₩12.62T
Receivables	₩15.50T	₩14.37T	₩13.08T	₩13.49T	₩13.23T	₩13.41T	₩13.14T	₩13.10T	₩11.43T	₩11.70T	₩13.07T	₩11.49T
Inventory	₩13.97T	₩14.14T	₩13.74T	₩12.81T	₩12.34T	₩13.32T	₩14.18T	₩13.70T	₩13.49T	₩13.98T	₩13.83T	₩14.15T
Other current assets	₩1.46T	₩1.42T	₩1.18T	₩1.45T	₩1.55T	₩2.06T	₩1.94T	₩1.30T	₩3.35T	₩3.22T	₩5.81T	₩3.21T
Total current assets	₩45.22T	₩44.83T	₩43.58T	₩43.58T	₩43.66T	₩44.29T	₩44.07T	₩44.20T	₩47.17T	₩46.77T	₩46.21T	₩48.61T
Property, plant & equipment (net)	₩42.89T	₩43.12T	₩42.44T	₩41.05T	₩40.40T	₩40.25T	₩39.96T	₩38.63T	₩38.15T	₩36.70T	₩35.21T	₩34.45T
Goodwill & intangible assets	₩5.66T	₩5.43T	₩5.26T	₩4.62T	₩4.75T	₩4.63T	₩4.57T	₩4.46T	₩4.51T	₩4.72T	₩4.59T	₩4.76T
Long-term investments	₩9.17T	₩8.44T	₩7.61T	₩7.19T	₩6.77T	₩6.83T	₩7.31T	₩7.79T	₩7.88T	₩7.74T	₩7.59T	₩2.78T
Other non-current assets	₩6.76T	₩6.53T	₩6.39T	₩6.16T	₩5.58T	₩6.12T	₩7.53T	₩7.23T	₩7.58T	₩7.33T	₩7.30T	₩12.38T
Total assets	₩109.71T	₩108.35T	₩105.29T	₩102.60T	₩101.15T	₩102.12T	₩103.44T	₩102.30T	₩105.29T	₩103.27T	₩100.90T	₩102.97T
Liabilities
Accounts payable	₩5.46T	₩6.67T	₩6.75T	₩6.62T	₩6.85T	₩7.23T	₩7.81T	₩6.83T	₩6.94T	₩6.67T	₩5.78T	₩6.39T
Short-term debt	₩11.31T	₩11.17T	₩11.00T	₩10.94T	₩11.96T	₩11.29T	₩9.95T	₩11.25T	₩11.64T	₩11.44T	₩11.12T	₩11.05T
Deferred revenue	—	₩868.67B	₩830.18B	₩658.31B	₩591.99B	₩419.34B	₩540.81B	₩561.77B	₩609.97B	₩975.70B	₩1.02T	₩642.62B
Total current liabilities	₩22.81T	₩23.61T	₩23.07T	₩22.27T	₩22.22T	₩23.46T	₩22.74T	₩22.62T	₩23.28T	₩23.07T	₩21.86T	₩22.06T
Long-term debt	₩19.30T	₩17.89T	₩17.53T	₩16.63T	₩16.74T	₩15.40T	₩15.63T	₩14.88T	₩17.19T	₩15.40T	₩15.01T	₩15.84T
Lease obligations	₩1.42T	₩1.42T	₩1.34T	₩1.33T	₩1.24T	₩921.73B	₩906.10B	₩897.82B	₩926.06B	₩920.21B	₩924.32B	₩955.64B
Other long-term liabilities	₩3.45T	₩3.46T	₩2.29T	₩1.65T	₩1.60T	₩1.59T	₩3.63T	₩3.60T	₩3.61T	₩4.39T	₩4.41T	₩4.74T
Total liabilities	₩45.55T	₩44.95T	₩42.89T	₩40.54T	₩40.56T	₩40.45T	₩42.00T	₩41.10T	₩44.07T	₩42.87T	₩41.28T	₩42.64T
Shareholders' equity
Common stock & paid-in capital	₩482.40B	₩482.40B	₩482.40B	₩482.40B	₩482.40B	₩482.40B	₩482.40B	₩482.40B	₩482.40B	₩482.40B	₩482.40B	₩482.40B
Retained earnings (deficit)	₩53.57T	₩53.09T	₩53.20T	₩53.64T	₩53.37T	₩53.40T	₩53.64T	₩54.38T	₩54.57T	₩54.23T	₩53.68T	₩54.33T
Accumulated other comprehensive income	₩2.10T	₩2.08T	₩996.5M	₩1.01T	₩389.23B	₩1.22T	₩1.16T	₩338.11B	₩643.60B	₩312.58B	₩248.22B	₩158.03B
Minority interest	₩6.70T	₩6.60T	₩6.63T	₩6.44T	₩5.92T	—	—	—	—	—	—	—
Total shareholders' equity	₩57.43T	₩56.79T	₩55.76T	₩55.62T	₩54.67T	₩55.58T	₩55.39T	₩55.30T	₩55.45T	₩54.80T	₩54.18T	₩54.71T
Key figures
Total debt	₩31.83T	₩30.28T	₩28.53T	₩27.56T	₩28.70T	₩26.69T	₩25.58T	₩26.13T	₩28.83T	₩27.60T	₩26.89T	₩27.68T
Net cash (debt)	−₩17.53T	−₩15.38T	−₩12.94T	−₩11.72T	−₩12.16T	−₩11.20T	−₩10.78T	−₩10.02T	−₩9.92T	−₩9.72T	−₩13.39T	−₩7.92T
Working capital	₩22.42T	₩21.22T	₩20.51T	₩21.31T	₩21.43T	₩20.83T	₩21.32T	₩21.58T	₩23.90T	₩23.70T	₩24.35T	₩26.55T
Tangible book value	₩51.77T	₩51.36T	₩50.50T	₩50.99T	₩49.93T	₩50.94T	₩50.82T	₩50.85T	₩50.94T	₩50.08T	₩49.59T	₩49.95T
Shares outstanding	317.0M	372.0M	323.7M	323.7M	323.7M	323.7M	302.5M	330.5M	316.6M	338.3M	365.9M	303.5M
Current ratio	1.98	1.90	1.89	1.96	1.96	1.89	1.94	1.95	2.03	2.03	2.11	2.20
Quick ratio	1.31	1.24	1.24	1.32	1.34	1.23	1.23	1.29	1.30	1.28	1.22	1.42
Debt / equity	0.55	0.53	0.51	0.50	0.53	0.48	0.46	0.47	0.52	0.50	0.50	0.51
Equity / assets	52.3%	52.4%	53.0%	54.2%	54.0%	54.4%	53.5%	54.1%	52.7%	53.1%	53.7%	53.1%

Quarterly columns are labeled by the month the quarter ended. Figures in South Korean won as reported (latest annual report filed April 29, 2026); data from EODHD.

PKX financial position

At the end of fiscal 2025 (December 31, 2025), POSCO had total assets of ₩105.29 trillion (up 1.8% from a year earlier), total liabilities of ₩42.89 trillion and shareholders' equity of ₩55.76 trillion. It held ₩15.59 trillion in cash and short-term investments against ₩28.53 trillion of debt, net debt of ₩12.94 trillion. Its current ratio was 1.89. In the latest quarter (ended June 30, 2026) total assets were ₩109.71 trillion and equity ₩57.43 trillion.

Related: PKX income statement, PKX cash flow statement, PKX key metrics. See the PKX stock overview for the latest quote and news.

PKX balance sheet FAQ

What are POSCO's total assets?

POSCO reported total assets of ₩105.29 trillion at the end of fiscal 2025 (December 31, 2025), compared with ₩103.44 trillion a year earlier.

How much debt does POSCO have?

POSCO had ₩28.53 trillion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.51.

How much cash does POSCO have?

POSCO held ₩15.59 trillion in cash and short-term investments at the end of fiscal 2025; with ₩28.53 trillion of debt that is net debt of ₩12.94 trillion.

What is POSCO's book value?

POSCO's shareholders' equity (book value) was ₩55.76 trillion at the end of fiscal 2025.

What is POSCO's current ratio?

POSCO had current assets of ₩43.58 trillion and current liabilities of ₩23.07 trillion, a current ratio of 1.89 (it can cover its short-term obligations).

How much goodwill does POSCO have?

POSCO carried ₩5.26 trillion of goodwill and intangible assets, 5.0% of total assets, at the end of fiscal 2025.