What is the formula for calculating the net debt ratio of real estate?

The net debt ratio of real estate refers to the difference between interest-bearing liabilities and cash in the account divided by the company's net equity minus perpetual liabilities. The formula is: net debt ratio = (interest-bearing liabilities-cash) ÷ (shareholders' equity-perpetual liabilities). Net debt ratio refers to the reflection of asset structure. Among them, interest-bearing liabilities are the sum of short-term loans, long-term loans due within one year, long-term loans, notes payable and bonds payable.

"Three red lines" refers to:

Red line 1: the asset-liability ratio excluding advance receipts shall not be greater than 70%;

Red line 2: the net debt ratio shall not be greater than100%;

Red line 3: The short-term cash debt ratio shall not be less than 1 times.

According to the connection of the "three red lines", housing enterprises are divided into four grades: "red, orange, yellow and green":

Red file: If all three red lines are touched, no interest-bearing liabilities may be added;

Orange file: When encountering two lines, the annual growth rate of liabilities will not exceed 5%;

Yellow file: when reaching a line, the annual growth rate of liabilities shall not exceed10%;

Green file: three lines are not reached, and the annual growth rate of liabilities does not exceed 15%.

Calculation formula of "three red lines":

Red line 1 indicator: asset-liability ratio after excluding advance receipts = (total liabilities-advance receipts)/(total assets-advance receipts).

Red line 2 indicator: net debt ratio = (interest-bearing liabilities-monetary funds)/consolidated equity.

Red line 3 indicator: cash short-term debt ratio = monetary fund/short-term interest-bearing debt.

Top Ten Real Estate Enterprises in China:

1. Evergrande Real Estate: Top Ten Real Estate Developers and Fortune 500 Enterprises. By 20 16, the total assets will reach 1.35 trillion.

2. Vanke Vanke: Vanke was founded in 1984, 1988 and started in the real estate industry. On 20 16, it ranked among the top 500 in the world for the first time.

3. Country Garden: Founded in 1992, it was listed on the main board of Hong Kong Stock Exchange in 2007.

4. Greenland Real Estate: established in 1992, a fortune 500 enterprise group with real estate as its main business.

5. Poly Real Estate: 1992 started, mainly engaged in commercial housing development, and is a first-class real estate development qualified enterprise. Headquartered in Guangzhou.

6. China Shipping Real Estate: 1979 was established in Hong Kong.

7. Wanda: Founded in 1988, it has become a company with total assets exceeding 80 billion and an area exceeding 6 million square meters.

8. Sunac Sunac: Listed on the Hong Kong Stock Exchange.

9. Huaxia Happiness CFLD: Founded in 1998, it is a leading industrial new city operator in China. As of 20 17 12 3 1, the company's total assets were 375.865 billion yuan.

10, Longhu Longhu: 1993 was founded in Chongqing and developed all over the country. Its business involves real estate development, commercial operation, property services, long-term rental apartments and other fields.