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Pepe Le Pew
The Wall Street Journal
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Comments by "Pepe Le Pew" (@pepelepew1227) on "Why China’s Evergrande Has Global Markets on Edge | WSJ" video.
when you are doing that script, please note liabilities =/= debt 😆😆 this is a propaganda video.
5
since when do total liabilities = debt ? if thats the case, then apple would have $250b owed to creditors, suppliers and employees too. i just checked evergrande's 2020 balance sheet: $300b is the liabilities, $110b is the debt. what evergrande got wrong is their debts should have longer maturities so there wouldnt be a cash flow problem. - im a CFA charterholder.
4
a quick look says evergrande need to capitalise their receivables and rollover some of those debts for working capital. they would need to negotiate with the govt to temporarily ease the 3 red lines with the promise to fix their balance sheet within a year or two. it's not easy but aint impossible either. liabilities =/= debt, the wsj should be ashamed of itself and stay out of geopolitics. leave the propaganda to cnn.
4
@metagde6402 america is a great country but they also have tons of very vocal morons such as this guy's comment barrage.
3
go back to china, like literally.
3
@amanjha5916 by that same definition apple would have $250 billion of "debt" to suppliers creditors and employees too because all big companies have big liabilities. a company has too much debt when it has too little equity or cant refinance. back again this is the wall street journal, it's intended for people with a business background. there are plenty of scaremongering already on cnn or nyt.
3
@johnpijano4786 go watch the video again and put 2&2 together.
2
@amanjha5916 but like you said debt is part of liabilities, right? so it's totally appropriate. evergrande too has more assets than liabilities. few companies actually dont, in fact even bankrupt companies has more assets than liabilities 😆😆😆 its cash flow problem stems from the new rule 3 red lines (china's version of basel accord) where they arent allowed to roll over their debt due to govt limits. you dont seem to understand basic accounting.
2
@armchairwomanmao2922 as seriously as you should take a taiwanese troll. dont vote for english tsai.
1
whats a lee moment?
1
@eyeofthepyramid2596 it's not something the company cant get out of. but they do need to fire the cfo for the horrible cash flow management. not being able to cover short term obligations take a big hit on reputation.
1