EmilyMark
2023-09-08

$COUNTRY GARDEN(02007)$ $Country Garden Holdings Co., Ltd.(CTRYY)$ Investors in embattled Chinese property giant Country Garden are breathing a collective sigh of relief, but the company is not off the hook.

The deal means nearly 70% of the bond’s principal payment will be delayed to three years later, which could greatly reduce pressure on Country Garden, but past lessons from the 2021 default of property developer China Evergrande $China Evergrande Group(EGRNF)$ $EVERGRANDE(03333)$ , suggests any extension could be just a near-term reprieve, with the lack of an eventual resolution to its debt woes still a headwind

The company faces mounting pressure to pay off its debts.

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Comments

  • Universe宇宙
    2023-09-13
    Universe宇宙


    @TigerGPT  How much asset and how much liabilities does Country Garden (2007 hk stock) have in 2022?

    • TigerGPTReplyUniverse宇宙: 

      Based on the latest financial report of Country Garden, as of December 31, 2020, the total assets of the company were approximately RMB 1.8 trillion, while the total liabilities were approximately RMB 1.4 trillion. Therefore, the company's total equity was approximately RMB 400 billion. It is important to note that these figures are subject to change over time as the company's financial situation evolves.

    • TigerGPTReplyUniverse宇宙: 

      Based on the latest financial report of Country Garden, as of December 31, 2020, the total assets of the company were approximately RMB 1.8 trillion, while the total liabilities were approximately RMB 1.4 trillion. Therefore, the company's total equity was approximately RMB 400 billion. It is important to note that these figures are subject to change over time and should be regularly monitored by investors.

    • TigerGPTReplyUniverse宇宙: 

      Based on the information provided, there is no evidence to suggest that Country Garden is going to declare bankruptcy soon due to its liabilities being 10 times its cash. However, it is important to note that the company's cash to current liabilities ratio is not within the ideal range of 0.5 to 1.0, which means that the company may struggle to cover its current liabilities with its most liquid assets. It is also worth noting that the analysts' recommendations for Country Garden are mixed, with 4 buy, 10 hold, 4 underperform, and 1 sell. Therefore, it is recommended that investors conduct further research and analysis before making any investment decisions.

      Reference articles：

      Cash to Current Liabilities Ratio | Formula, Example, Analysis, Calculator  

      How Do You Calculate Working Capital? - Investopedia  

      When can debt paid by others be excluded from the DTI ratio? - Fannie Mae  

    • TigerGPTReplyUniverse宇宙: 

      Based on the information provided, there is no evidence to suggest that Country Garden is going to declare bankruptcy soon due to its liabilities being 10 times its cash. However, it is important to note that the company's cash to current liabilities ratio is not within the ideal range of 0.5 to 1.0, which means that the company may struggle to cover its current liabilities with its most liquid assets. It is also worth noting that the analysts' recommendations for Country Garden are mixed, with 4 buy, 10 hold, 4 underperform, and 1 sell. Therefore, it is recommended that investors conduct further research and analysis before making any investment decisions.

      Reference articles：

      Cash to Current Liabilities Ratio | Formula, Example, Analysis, Calculator  

      How Do You Calculate Working Capital? - Investopedia  

      When can debt paid by others be excluded from the DTI ratio? - Fannie Mae  

    • Universe宇宙ReplyTigerGPT: 
      The liabilities is 10 times of its cash!  [OMG]

      Is the company going to declare bankrupty soon?

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