Earnings quality
Compare earnings and operating cash flow for earnings quality.
Korean Air Lines Co., Ltd.
Ticker 003490 Β· π°π· Korea Β· Consolidated K-IFRS Β· amounts in won
Filed 2025-03-31 Β· Period end 2024-12-31
Takeaway
Dig deeperThe numbers send mixed signals β dig into cash flow and leverage before drawing a conclusion.
equity ratio is 22.3%.
Mixed signals β use cash flow and the balance sheet before treating the year as clean.
ActionDig deeper
OP marginβ
Equity ratio22.3%
Last priceKRW 30,350
Trailing P/Eβ
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
Korean Air Lines Co., Ltd. is a Korea-listed company with consolidated financial statements filed on DART (Open DART).
Compare trends
Tel 02-2656-7114 Β· As of filing date 2024-12-31
Financial statements
Income statement
| Account | FY2023 (ended Dec 31, 2023) | FY2024 (ended Dec 31, 2024) |
|---|---|---|
| Revenue | β | β |
| Cost of sales* | β | β |
| Gross profit | β | β |
| Operating profit | β | β |
| Finance income | β | β |
| Finance costs | β | β |
| Income tax | β | β |
| Profit for the period | β | β |
| Profit to owners | β | β |
| Basic EPS | β | β |
Balance sheet
| Account | FY2023 (ended Dec 31, 2023) | FY2024 (ended Dec 31, 2024) |
|---|---|---|
| Cash & equivalents | β©622.8B | β©2.2T |
| Current assets | β©8.6T | β©11.6T |
| Non-current assets | β©21.8T | β©35.4T |
| Total assets | β©30.4T | β©47.0T |
| Current liabilities | β©9.4T | β©17.0T |
| Short-term borrowings | β©1.0T | β©2.5T |
| Non-current liabilities* | β©11.2T | β©19.1T |
| Total liabilities | β©20.6T | β©36.0T |
| Ownersβ equity | β©9.5T | β©10.5T |
| Total equity | β©9.8T | β©11.0T |
Cash flow statement
| Account | FY2023 (ended Dec 31, 2023) | FY2024 (ended Dec 31, 2024) |
|---|---|---|
| Operating cash flow | β©4.1T | β©4.6T |
| Investing cash flow | -β©2.4T | -β©870.7B |
| Financing cash flow | -β©2.1T | -β©2.2T |
| Net change in cash | β | β |
| Cash at end of period | β©622.8B | β©2.2T |
Five-year trends
Key metrics
| Metric | Trend | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 |
|---|---|---|---|---|---|---|
| Operating profit | β©108.9B | β©1.4T | β©2.8T | β©1.8T | β©2.1T | |
| Profit to owners | -β©230.0B | β©578.8B | β©1.7T | β©1.1T | β©1.4T | |
| Total assets | β©25.2T | β©26.7T | β©29.0T | β©30.4T | β©47.0T | |
| Cash & equivalents | β©1.3T | β©1.2T | β©1.1T | β©622.8B | β©2.2T | |
| Ownersβ equity | β©25.2T | β©6.9T | β©9.3T | β©9.8T | β©11.0T |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Mixed
The numbers send mixed signals β dig into cash flow and leverage before drawing a conclusion.
On the income statement, revenue moved from β to β (β). Operating profit went from β to β (β).
Operating cash flow was β©4.6T (prior β©4.1T), with cash on the balance sheet at β©2.2T versus β©622.8B.
Liquidity & leverage
Short-term borrowings moved from β©1.0T to β©2.5T.
Capital buffer
Total equity moved from β©9.8T to β©11.0T.
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Source: DART 20250318001334
((μ£Ό)λνν곡), period end 2024-12-31.