Doosan Bobcat

On 20 July 2019, Doosan Bobcat announced that it had repaid US$150 million of debt before the due date, adding to the combined total of US$820 million paid ahead of schedule on seven occasions since 2014.

Doosan Bobcat's total borrowings fell by more than 50% from US$1.7 billion in 2014 to US$830 million as of June 2019, with its debt ratio estimated to fall by around 7.2% from 80.1% by the end of March 2019. Net income is also expected to increase on lower interest expenses.

Doosan Bobcat continues to generate a stable cash flow on the back of sales increases in the North American market, in particular, combined with its efficient cash management efforts. With the resources, Doosan Bobcat has expanded its investments aimed at securing future growth engines since 2018; and earlier this month the company announced that it would be paying 1,200 won per share as the dividend for the fiscal year of 2019, representing a 33% increase over the 900-won share price of a year earlier, further enhancing the company’s shareholder return policy.

“Despite our increased investments in new businesses to secure future growth, and our larger shareholder dividends, we were able to execute our latest early repayment based on our confidence in the prospect of a stable cash flow,” said an official of Doosan Bobcat. "Based on our stronger financial structure, we will continue to expand the investments required to strengthen our business portfolio, including compact tractors for North America and backhoe loaders for India, and to consolidate our market leadership in the global compact equipment market.”