The latest progress of Evergrande's foreign debt
Recently, Evergrande Group released the latest foreign debt progress report, showing that by September 30, 2020, the total foreign debt of Evergrande Group was 1 845.2 billion yuan, up by 7.2% year-on-year. Among them, current liabilities are 65,438 yuan+0,765,438 yuan+72 million yuan, and long-term liabilities are 65,438 yuan+28 million yuan.
The report also shows that the term structure of Evergrande's external debt is mainly short-term debt. By September 30, 2020, short-term debt accounted for 92.9%, and long-term debt accounted for 7. 1%.
Financial Risk of Evergrande's External Debt
The external debt financial risk of Evergrande Group mainly comes from the expansion of debt scale and the unreasonable debt term structure.
First of all, the debt scale of Evergrande Group is constantly expanding, and the total debt has reached 654.38+84.52 billion yuan, up by 7.2% year-on-year. The expansion of debt scale will increase the financial risk of Evergrande Group.
Secondly, the debt maturity structure of Evergrande Group is mainly short-term debt, with short-term debt accounting for 92.9% and long-term debt accounting for only 7. 1%. This unreasonable debt maturity structure will also increase the financial risk of Evergrande Group.
Evergrande's external debt solution
In view of the external debt financial risk of Evergrande Group, the following measures can be taken to alleviate it:
First of all, Evergrande Group should strengthen financial management, control the expansion of debt scale, reasonably control the debt level and reduce financial risks.
Secondly, Evergrande Group should strengthen the optimization of debt maturity structure, increase the proportion of long-term debt and reduce the proportion of short-term debt, so as to alleviate financial risks.
Finally, Evergrande Group should strengthen the transparency of financial statements, release financial information in time, improve investors' confidence and reduce financial risks.
Future development of Evergrande's foreign debt
Although the financial risk of Evergrande's external debt exists, it is expected to be alleviated in the future.
First of all, Evergrande can reduce the financial risk and alleviate the financial risk of foreign debt by strengthening financial management, controlling the expansion of debt scale and reasonably controlling the debt level.
Secondly, Evergrande can alleviate the financial risk by strengthening the optimization of debt maturity structure, increasing the proportion of long-term debt and reducing the proportion of short-term debt, thus alleviating the financial risk of foreign debt.
Finally, Evergrande Group can enhance the transparency of financial statements, release financial information in time, improve investor confidence and reduce financial risks, thus alleviating the financial risks of foreign debts.
In a word, although the financial risk of Evergrande's external debt exists, it is still expected to be alleviated in the future. As long as Evergrande Group takes effective measures, it can effectively alleviate the financial risks of foreign debts and maintain a good financial situation.
conclusion
Evergrande Group is the largest real estate developer in China and one of the largest foreign debt debtors in China. Recently, the latest development of Evergrande's foreign debt has attracted national attention. What is the financial and foreign debt dilemma of Evergrande Group?
The external debt financial risk of Evergrande Group mainly comes from the expansion of debt scale and the unreasonable debt term structure. In view of the financial risks of Evergrande Group's foreign debts, measures can be taken to alleviate them, such as strengthening financial management, optimizing the term structure of liabilities, and strengthening the transparency of financial statements. Although the financial risk of Evergrande's external debt exists, it is expected to be alleviated in the future. As long as Evergrande Group takes effective measures, it can effectively alleviate the financial risks of foreign debts and maintain a good financial situation.