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A car transport holds thousands of ships. Therefore requiring temporary storage for thousands of cars is normal. Even if you count the massive "hidden debt",
by bryanlarsen 10mo ago
A car transport holds thousands of ships. Therefore requiring temporary storage for thousands of cars is normal.
Even if you count the massive "hidden debt", BYD's debt load is still a small fraction of the big car makers, many of whom hold over $200 billion in debt.
- honeycrispy 10mo agoWhich car makers? Ford, GMC, Chevrolet are all closer to $100 billion. Tesla holds $13b.
- chollida1 10mo agohttps://companiesmarketcap.com/automakers/automakers-with-the-highest-debt/ https://companiesmarketcap.com/automakers/automakers-with-th...
- thelastgallon 10mo agoWow! Toyota $269B debt vs BYD $5.6B debt
- woodpanel 10mo ago> its Net Debt/EBITDA was around 3.7x, indicating strong earnings cover for its debt TLDR: Toyota can afford it
- bryanlarsen 10mo agoBoth figures need to be qualified. 1. The BYD debt is alleged to be undercounted due to treating suppliers as lenders. 2. The Toyota debt includes a large chunk of lease financing. Which sort of doesn't count. But even if you adjust Toyota's down and BYD's up, Toyota's is still significantly larger.