Samsung 1999 Annual Report Download - page 9

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999897
Taking advantage of strong double-digit growth in profitability to trim overall debt by
44% to 5,745 billion won during 1999, we dramatically lowered our debt to equity
ratio from 147% to 43%. In addition to benefiting from lower interest rates, we strate-
gically moved to virtually eliminate short-term borrowings as well as retire over 54%
of long-term debt amounting to 3,528 billion won.
DEBT TO EQUITY
0%
50%
100%
150%
200%
43%
223%
147%
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