2. The net debt ratio shall not exceed100%;
3. The "short-term cash debt ratio" of housing enterprises is less than 1.
4. The regulatory authorities limit the financing growth rate according to the developer's touch line. The annual growth rate of interest-bearing liabilities of those who have not touched the line does not exceed 65,438+05%, and the interest-bearing liabilities decrease by 5% for each additional line, and so on. All real estate enterprises that touch the "three red lines" are not allowed to increase.
What does the high asset-liability ratio of real estate mean?
The high asset-liability ratio of real estate enterprises shows that the financial risk is high, the solvency of enterprises declines, and the development ability of enterprises weakens, which may also be due to the existence of a large number of advance payments. In fact, this standard has great limitations. It can't truly reflect the quality of assets, let alone explain the development ability of enterprises, because the capital flow is measured on the cash basis, and the financial standards in the balance sheet are based on the accrual basis.
What is the high debt ratio of housing enterprises?
The reason for the high debt ratio of real estate is the pre-sale of houses. Now many properties, especially those of large enterprises, are basically sold. However, although the advance payment paid by the owner to the company is already the company's income, the advance payment is also a liability in accounting. So the more houses are sold, the more debts there are. This is because the property has not been delivered yet, and the advance payment is for Gai Lou. The house is really handed over, and the income is counted, which is also an important reason why the company's debt ratio is so large.
Many enterprises invest more money in projects, and sometimes the company's cash can't keep up with the progress of the projects. This situation is really common. I think the company should have a plan for its own projects and match the capital chain with the projects. It cannot be said that a good project is good for investment. If the capital chain fails to keep up, the project will be interrupted. After the project is interrupted, it is more difficult to pay the house quickly and then reduce the debt. It is also a way to complete a good project as soon as possible.
The most common method is to increase the registered capital of the company. The increase of company capital also means the increase of company assets. Although the debt has not decreased, the debt ratio has actually decreased for the company.
Then many companies actually bought a lot of fixed assets in the early stage, such as land or old buildings. It may be that the company's funds have been occupied for a long time and there is no investment. These assets can be sold in moderation or used for other development, which is also beneficial to the realization of the company's fixed assets. First, it can make the company's cash more abundant, and second, it can inject more funds into the company's projects.