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A comment on Evergrande teeters on edge of default as $148M payment falls due. Parent comment

Re:Evergrande teeters on edge of default as $148M payment fa... by throwaway2037 on Thursday November 11, 2021 @02:21AM (#29185339)
You are right to ask that question. Generally, real estate is considered a low liquidity asset. I wonder how much their real estate assets are discounted during buy-side analysis.

From Wiki (https://en.wikipedia.org/wiki/Evergrande_Group), I looked at the source for total assets: https://finance.yahoo.com/quote/3333.HK/balance-sheet?p=3333...

At end of 2020: Total assets: 2.3T CNY -> 359B USD (@ 6.40 CNY/USD) Total debt : 0.7T CNY -> 109B USD (@ 6.40 CNY/USD)

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