Investor Presentaiton
Interim progress of credit metrics enhancement
Net gearing ratio (1)
Cash to short-term debt ratio (2)
Debt to asset ratio (3)
(excl. presales deposits)
III
100%
2
85%
81.6%
82.7%
80.7%
80%
60%
80.3%
1.4x
80%
1.3x
1.3x
78.4%
78.5%
40%
20%
0%
1
75%
End-Jun 2020 End-Dec 2020 End-Jun 2021
End-Jun 2020 End-Dec 2020 End-Jun 2021
End-Jun 2020 End-Dec 2020 End-Jun 2021
(RMB bn)
Total debt
Total sales/Total debt (4)
Revenue/Total debt (4)
160%
134.5%
80%
150
64.7%
114.9
111.3
111.9%
115.8%
59.0%
103.0
120%
60%
53.5%
100
80%
40%
50
50
40%
20%
0
0%
0%
End-Jun 2020 End-Dec 2020
End-Jun 2021
End-Jun 2020 End-Dec 2020 End-Jun 2021
End-Jun 2020 End-Dec 2020
End-Jun 2021
Note:
(1) Net gearing ratio = Net debt / Total equity
(2) Cash to short-term debt ratio = Total cash / Short-term debt
(3) Debt to asset ratio = Total Liabilities / Total Assets (excl. presales deposits)
(4) Annualized treatment based on data over the past 12 months
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