[SK실트론 숨은 메리트]④ 업황 훈풍 속 순차입금 부담은 '숙제'

SK Siltronic faces a critical capital structure challenge with net debt rising to 2.6 trillion won and a debt-to-equity ratio exceeding 142%, while the company continues dividend payments despite recent losses—intensifying pressure for the sale. Rising financing costs from increased borrowing coupled with weakening financial health create urgency around the asset divestment. However, declining capital expenditures suggest the investment cycle's peak has passed, offering potential for future free cash flow generation.