Business
Running on empty: how Evergrande became the world’s most indebted property company – Sydney Morning Herald
For 25 years Evergrande built its empire on China’s rapid urbanisation. A newly mobile middle class needed units to live in,…
Evergrande broke all three lines. It had a liabilitytoasset ratio of more than 70 per cent; net debttoequity ratio of more than 100 per cent; and cash holdings to shortterm debt ratio of less than 100 per cent.
It had to sell properties quickly and cheaply…
Continue Reading
-
General23 hours agoStocks pause, while rate-cut drumbeat weighs on dollar
-
Noosa News12 hours agoSeller disclosure a game changer for Qld – Proctor
-
General14 hours agoAir Canada cancels flights ahead of work stoppage
-
Noosa News14 hours agoResidents want flight curfews and caps as new overhead paths considered for Brisbane Airport