SK Telecom Co.,Ltd (SKM) Balance Sheet

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

SKM balance sheet, 2025

December 31, 2025 · South Korean won

₩30.11T assets = ₩17.55T liabilities + ₩12.56T equity

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

SKM financial health

Current ratio1.03

Adequate · current assets cover current liabilities 1.03×

Debt / equity0.86

Moderate leverage · ₩0.86 of debt for each $1 of equity

Equity / assets41.4%

Equity-funded · of assets funded by shareholders

Cash / debt15.6%

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

Goodwill & intangibles12.6%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

SKM balance sheet trends, 2016–2025

SK Telecom Co.,Ltd balance sheet trends
Metric	Then	Latest	Change
Total assets	₩31.30T2016	₩30.11T2025	−0.4%/yr
Total liabilities	₩15.18T2016	₩17.55T2025	+1.6%/yr
Shareholders’ equity	₩15.97T2016	₩12.46T2025	−2.7%/yr
Cash & short-term investments	₩2.08T2016	₩1.68T2025	−2.4%/yr
Total debt	₩7.37T2016	₩10.77T2025	+4.3%/yr
Net cash (debt)	−₩5.29T2016	−₩9.09T2025	−₩3.8T
Working capital	−₩447.47B2016	₩197.35B2025	+₩644.8B
Current ratio	0.932016	1.032025	+0.10
Debt / equity	0.462016	0.862025	+0.40
Shares outstanding	386.0M2016	383.4M2025	−0.1%/yr

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

SKM assets

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

SKM liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

SKM debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

SKM balance sheet in South Korean won

SK Telecom Co.,Ltd annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	₩1.68T	₩2.35T	₩1.75T	₩2.12T	₩1.39T	₩2.95T	₩2.27T	₩2.75T	₩2.22T	₩2.08T
Cash & equivalents	₩1.49T	₩2.02T	₩1.45T	₩1.88T	₩872.73B	₩1.37T	₩1.27T	₩1.51T	₩1.46T	₩1.51T
Short-term investments	₩186.64B	₩323.89B	₩294.93B	₩237.23B	₩513.69B	₩1.58T	₩997.31B	₩1.24T	₩761.17B	₩576.13B
Receivables	₩2.47T	₩2.51T	₩2.49T	₩2.61T	₩2.61T	₩3.37T	₩3.40T	₩3.10T	₩3.45T	₩3.42T
Inventory	₩167.63B	₩209.78B	₩179.81B	₩166.35B	₩204.64B	₩171.44B	₩162.88B	₩288.05B	₩272.40B	₩259.85B
Other current assets	₩2.42T	₩2.41T	₩2.16T	₩2.32T	₩2.15T	₩2.29T	₩2.28T	₩1.83T	₩260.82B	₩234.06B
Total current assets	₩6.73T	₩7.48T	₩6.59T	₩7.22T	₩6.35T	₩8.78T	₩8.10T	₩7.96T	₩6.20T	₩6.00T
Property, plant & equipment (net)	₩11.90T	₩12.62T	₩13.02T	₩13.32T	₩12.87T	₩13.38T	₩12.33T	₩10.72T	₩10.14T	₩10.37T
Goodwill & intangible assets	₩3.78T	₩4.27T	₩4.94T	₩5.40T	₩5.94T	₩7.79T	₩7.82T	₩8.45T	₩5.50T	₩5.71T
Long-term investments	₩5.43T	₩4.22T	₩3.59T	₩3.30T	₩3.91T	₩16.00T	₩14.24T	₩13.48T	₩10.43T	₩8.23T
Other non-current assets	₩2.27T	₩1.93T	₩1.99T	₩2.07T	₩1.83T	₩1.96T	₩2.12T	₩1.76T	₩1.15T	₩984.24B
Total assets	₩30.11T	₩30.52T	₩30.12T	₩31.31T	₩30.91T	₩47.91T	₩44.61T	₩42.37T	₩33.43T	₩31.30T
Liabilities
Accounts payable	₩110.86B	₩126.51B	₩139.88B	₩89.25B	₩190.56B	₩372.91B	₩438.30B	₩381.30B	₩351.71B	₩402.44B
Short-term debt	₩1.66T	₩2.91T	₩1.99T	₩2.50T	₩1.79T	₩1.41T	₩1.41T	₩1.06T	₩1.66T	₩891.08B
Deferred revenue	₩576.23B	₩168.19B	₩155.58B	₩172.35B	₩166.44B	₩229.89B	₩191.22B	₩140.71B	₩337.00B	₩362.99B
Total current liabilities	₩6.53T	₩9.22T	₩6.99T	₩8.05T	₩6.96T	₩8.18T	₩7.79T	₩6.85T	₩7.11T	₩6.44T
Long-term debt	₩8.71T	₩7.85T	₩8.66T	₩8.59T	₩8.58T	₩10.75T	₩9.63T	₩8.59T	₩5.81T	₩6.48T
Lease obligations	₩1.53T	₩1.64T	₩1.61T	₩1.78T	₩1.53T	₩1.44T	₩712.74B	₩0	₩0	₩0
Other long-term liabilities	₩2.31T	₩1.61T	₩2.24T	₩2.52T	₩3.04T	₩4.59T	₩4.90T	₩4.58T	₩2.48T	₩2.26T
Total liabilities	₩17.55T	₩18.69T	₩17.89T	₩19.15T	₩18.58T	₩23.51T	₩21.79T	₩20.02T	₩15.40T	₩15.18T
Shareholders' equity
Common stock & paid-in capital	₩30.49B	₩30.49B	₩30.49B	₩30.49B	₩30.49B	₩44.64B	₩44.64B	₩44.64B	₩44.64B	₩44.64B
Retained earnings (deficit)	₩7.92T	₩23.03T	₩22.80T	₩22.46T	₩22.44T	₩22.98T	₩22.24T	₩22.14T	₩17.84T	₩15.95T
Treasury stock	—	—	—	—	−₩57.31B	−₩2.12T	−₩1.70T	−₩1.98T	−₩2.26T	−₩2.26T
Accumulated other comprehensive income	₩2.83T	₩646.90B	₩387.22B	₩391.23B	₩735.24B	₩40.14B	−₩329.58B	−₩373.44B	−₩234.73B	−₩226.18B
Minority interest	₩92.19B	₩129.01B	₩839.35B	₩836.88B	—	—	₩0	₩0	₩0	₩0
Total shareholders' equity	₩12.46T	₩11.70T	₩11.39T	₩11.32T	₩11.58T	₩23.74T	₩22.96T	₩22.47T	₩17.84T	₩15.97T
Key figures
Total debt	₩10.77T	₩10.76T	₩10.66T	₩11.08T	₩10.37T	₩12.16T	₩11.55T	₩9.65T	₩7.47T	₩7.37T
Net cash (debt)	−₩9.09T	−₩8.42T	−₩8.91T	−₩8.97T	−₩8.98T	−₩9.21T	−₩9.29T	−₩6.90T	−₩5.25T	−₩5.29T
Working capital	₩197.35B	−₩1.75T	−₩408.38B	−₩827.35B	−₩607.77B	₩597.12B	₩314.57B	₩1.11T	−₩907.32B	−₩447.47B
Tangible book value	₩8.68T	₩7.43T	₩6.45T	₩5.92T	₩5.64T	₩15.95T	₩15.14T	₩14.02T	₩12.34T	₩10.26T
Shares outstanding	383.4M	389.1M	391.4M	392.6M	391.6M	398.0M	393.9M	386.0M	388.5M	386.0M
Current ratio	1.03	0.81	0.94	0.90	0.91	1.07	1.04	1.16	0.87	0.93
Quick ratio	0.63	0.53	0.61	0.59	0.57	0.77	0.73	0.85	0.80	0.85
Debt / equity	0.86	0.92	0.94	0.98	0.90	0.51	0.50	0.43	0.42	0.46
Equity / assets	41.4%	38.3%	37.8%	36.2%	37.5%	49.6%	51.5%	53.0%	53.4%	51.0%

SK Telecom Co.,Ltd 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	₩2.02T	₩1.75T	₩1.68T	₩1.69T	₩2.55T	₩2.55T	₩2.35T	₩2.24T	₩1.79T	₩2.07T	₩1.75T	₩1.60T
Cash & equivalents	₩1.19T	₩1.45T	₩1.49T	₩1.38T	₩2.35T	₩2.30T	₩2.02T	₩1.97T	₩1.57T	₩1.72T	₩1.45T	₩1.16T
Short-term investments	₩823.92B	₩293.73B	₩186.64B	₩301.04B	₩201.42B	₩254.61B	₩323.89B	₩270.68B	₩219.87B	₩354.62B	₩294.93B	₩430.92B
Receivables	₩2.56T	₩2.67T	₩2.47T	₩2.75T	₩2.64T	₩2.64T	₩2.51T	₩2.68T	₩2.62T	₩2.63T	₩2.49T	₩2.71T
Inventory	₩147.57B	₩199.12B	₩167.63B	₩225.11B	₩192.97B	₩205.90B	₩209.78B	₩222.33B	₩213.18B	₩210.33B	₩179.81B	₩187.32B
Other current assets	₩2.50T	₩2.49T	₩2.42T	₩2.27T	₩2.14T	₩2.28T	₩2.41T	₩2.22T	₩2.24T	₩2.19T	₩2.16T	₩2.13T
Total current assets	₩7.22T	₩7.11T	₩6.73T	₩6.93T	₩7.54T	₩7.68T	₩7.48T	₩7.37T	₩6.87T	₩7.11T	₩6.59T	₩6.61T
Property, plant & equipment (net)	₩11.10T	₩11.18T	₩11.90T	₩11.92T	₩11.92T	₩11.98T	₩12.62T	₩12.12T	₩12.33T	₩12.62T	₩13.01T	₩12.66T
Goodwill & intangible assets	₩3.41T	₩3.57T	₩3.78T	₩3.86T	₩3.99T	₩4.15T	₩4.27T	₩4.42T	₩4.60T	₩4.79T	₩4.94T	₩4.93T
Long-term investments	₩8.21T	₩5.56T	₩5.43T	₩4.13T	₩3.98T	₩4.18T	₩4.22T	₩3.55T	₩3.70T	₩3.78T	₩3.59T	₩3.61T
Other non-current assets	₩2.16T	₩2.16T	₩2.27T	₩2.06T	₩1.88T	₩1.94T	₩1.93T	₩2.01T	₩1.95T	₩2.00T	₩2.00T	₩2.07T
Total assets	₩32.09T	₩29.58T	₩30.11T	₩28.90T	₩29.30T	₩29.92T	₩30.52T	₩29.47T	₩29.45T	₩30.30T	₩30.12T	₩29.88T
Liabilities
Accounts payable	₩116.36B	₩202.56B	₩110.86B	₩192.51B	₩133.92B	₩116.72B	₩126.51B	₩165.49B	₩92.84B	₩144.97B	₩139.88B	₩127.58B
Short-term debt	₩1.56T	₩1.59T	₩1.66T	₩1.66T	₩2.03T	₩2.81T	₩2.91T	₩2.95T	₩2.57T	₩2.32T	₩1.99T	₩1.66T
Deferred revenue	₩249.29B	₩279.81B	₩576.23B	₩218.11B	₩187.12B	₩183.20B	₩168.19B	₩165.65B	₩169.95B	₩166.77B	₩155.58B	₩156.22B
Total current liabilities	₩5.79T	₩6.00T	₩6.53T	₩6.49T	₩7.28T	₩8.73T	₩9.22T	₩8.13T	₩7.08T	₩7.26T	₩6.99T	₩6.53T
Long-term debt	₩7.58T	₩7.56T	₩8.71T	₩9.17T	₩8.67T	₩7.86T	₩7.85T	₩7.21T	₩6.70T	₩7.42T	₩7.42T	₩8.78T
Lease obligations	₩1.38T	₩1.43T	₩1.53T	₩1.53T	₩1.57T	₩1.62T	₩1.64T	₩1.51T	₩1.54T	₩1.59T	₩1.61T	₩1.67T
Other long-term liabilities	₩3.78T	₩3.26T	₩2.31T	₩1.43T	₩1.38T	₩1.38T	₩1.61T	₩1.57T	₩3.09T	₩3.57T	₩3.87T	₩2.20T
Total liabilities	₩17.15T	₩16.82T	₩17.55T	₩17.09T	₩17.33T	₩17.98T	₩18.69T	₩16.91T	₩16.87T	₩18.24T	₩18.29T	₩17.51T
Shareholders' equity
Common stock & paid-in capital	₩30.17B	₩30.05B	₩30.49B	₩30.49B	₩30.49B	₩30.49B	₩30.49B	₩30.49B	₩30.49B	₩30.49B	₩30.49B	₩30.49B
Retained earnings (deficit)	−₩3.20T	₩9.67T	₩7.92T	₩22.82T	₩23.05T	₩23.09T	₩23.03T	₩22.92T	₩22.83T	₩8.01T	₩8.38T	₩22.83T
Accumulated other comprehensive income	₩18.97T	₩3.01T	₩2.83T	₩995.22B	₩714.44B	₩654.65B	₩646.90B	₩403.94B	₩536.42B	₩1.54T	₩1.11T	₩339.08B
Minority interest	₩58.37B	₩62.77B	₩92.19B	₩106.77B	₩119.50B	—	—	—	—	—	—	—
Total shareholders' equity	₩14.88T	₩12.70T	₩12.46T	₩11.70T	₩11.85T	₩11.82T	₩11.70T	₩11.74T	₩11.78T	₩11.26T	₩10.99T	₩11.55T
Key figures
Total debt	₩10.44T	₩10.46T	₩10.77T	₩10.83T	₩10.70T	₩10.67T	₩10.76T	₩10.16T	₩10.44T	₩10.95T	₩10.66T	₩10.44T
Net cash (debt)	−₩8.42T	−₩8.71T	−₩9.09T	−₩9.15T	−₩8.14T	−₩8.12T	−₩8.42T	−₩7.93T	−₩8.65T	−₩8.88T	−₩8.91T	−₩8.84T
Working capital	₩1.43T	₩1.11T	₩197.35B	₩437.12B	₩252.06B	−₩1.06T	−₩1.75T	−₩761.68B	−₩209.67B	−₩148.73B	−₩408.38B	₩88.41B
Tangible book value	₩11.47T	₩9.13T	₩8.68T	₩7.84T	₩7.86T	₩7.67T	₩7.43T	₩7.32T	₩7.18T	₩6.47T	₩6.05T	₩6.61T
Shares outstanding	383.4M	376.2M	379.8M	383.4M	384.0M	384.6M	389.1M	384.3M	388.8M	383.4M	394.0M	392.0M
Current ratio	1.25	1.18	1.03	1.07	1.03	0.88	0.81	0.91	0.97	0.98	0.94	1.01
Quick ratio	0.79	0.74	0.63	0.68	0.71	0.59	0.53	0.61	0.62	0.65	0.61	0.66
Debt / equity	0.70	0.82	0.86	0.93	0.90	0.90	0.92	0.87	0.89	0.97	0.97	0.90
Equity / assets	46.4%	42.9%	41.4%	40.5%	40.4%	39.5%	38.3%	39.8%	40.0%	37.2%	36.5%	38.7%

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.

SKM financial position

At the end of fiscal 2025 (December 31, 2025), SK Telecom Co.,Ltd had total assets of ₩30.11 trillion (down 1.3% from a year earlier), total liabilities of ₩17.55 trillion and shareholders' equity of ₩12.46 trillion. It held ₩1.68 trillion in cash and short-term investments against ₩10.77 trillion of debt, net debt of ₩9.09 trillion. Its current ratio was 1.03. In the latest quarter (ended June 30, 2026) total assets were ₩32.09 trillion and equity ₩14.88 trillion.

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

SKM balance sheet FAQ

What are SK Telecom Co.,Ltd's total assets?

SK Telecom Co.,Ltd reported total assets of ₩30.11 trillion at the end of fiscal 2025 (December 31, 2025), compared with ₩30.52 trillion a year earlier.

How much debt does SK Telecom Co.,Ltd have?

SK Telecom Co.,Ltd had ₩10.77 trillion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.86.

How much cash does SK Telecom Co.,Ltd have?

SK Telecom Co.,Ltd held ₩1.68 trillion in cash and short-term investments at the end of fiscal 2025; with ₩10.77 trillion of debt that is net debt of ₩9.09 trillion.

What is SK Telecom Co.,Ltd's book value?

SK Telecom Co.,Ltd's shareholders' equity (book value) was ₩12.46 trillion at the end of fiscal 2025.

What is SK Telecom Co.,Ltd's current ratio?

SK Telecom Co.,Ltd had current assets of ₩6.73 trillion and current liabilities of ₩6.53 trillion, a current ratio of 1.03 (it can cover its short-term obligations).

How much goodwill does SK Telecom Co.,Ltd have?

SK Telecom Co.,Ltd carried ₩3.78 trillion of goodwill and intangible assets, 12.6% of total assets, at the end of fiscal 2025.