Summary of Interim Results 2022
Financial indicators remain stable with continuous debt
structure optimization
S&P
BB+
Moody's
Bal
Fitch
BB+
CCXI
AAA
COUNTRY
GARDEN
碧桂園
30°
初心·良心·匠心
Constantly improving indicators of the "Three Red Lines"
Cash and cash equivalent
Short-term debt
Short-term debt as % of total debt(Right axis)
70%
Net gearing Liabilities to asset ratio¹(Right axis)
85%
200
30%
Q 29.5%
80.6%
79.5%
100
0
26.8%
60%
24.9%
24.8% 25%
58.1%
55.6%
50%
49.7%
48.1%
183.6 96.2
186.2 86.8
181.3 79.0
148.0 72.9
45.4%
20%
40%
65%
2020
1H 2021
2021
1H 2022
1H 2020
2020
1H 2021
2021
1H 2022
77.3%
74.3%
75%
72.1%
Note: 1.Liabilities to asset ratio after excluding contract liabilities and output value-added taxes related to receipt in advance from customers
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