Chapter 291 Poor people are most afraid of owing money (sixth update)

When he heard that Tianyuan Group still owed tens of billions of debts in the bank, he was frankly worried.

Poor people are most afraid of owe money.

When his father got into a car accident and was bedridden, he spent a lot of money on treatment, and some of them were borrowed.

The debt of tens of thousands of yuan was putting great pressure on Liu Qing. After his father passed away, the creditors repeatedly forced debts, which also made Liu Qing determined not to borrow money from others no matter how poor he was in the future.

Of course he knew that in this society, those familiar moguls are also big losers. Speaking of which, they have a net worth of hundreds of billions, but their debts may be tens of trillions.

Only by borrowing money can you make more money.

This is how modern business logic is.

People who dare not borrow money to do business will not have too much risk, but generally speaking, they will not achieve much.

This is the reason why those who are brave and those who are starved to death are timid.

However, I felt quite nervous when I thought of owing hundreds of billions of dollars in the bank.

I couldn't help but mutter: "Why do I owe so much?"

When Su Qi saw his expression, she knew what he was worried about and said, "Our group's debt ratio is still relatively low. We have been worried about the epidemic during this period and have stopped several large investments, otherwise the debt will increase by 10 or 20 billion."

There is still some gratitude when I say this.

Some projects look quite profitable, but their risk resistance is not that strong.

If you encounter policies, epidemics, extreme natural disasters, you may encounter devastating blows, and investment will be wasted.

Those projects that were stopped were all those who could not afford that kind of risk. If they continued, they might lose all their money.

Although Tianyuan Group is so big, if you lose all one or two billion investments, it is very likely that their capital chain will be broken and a series of adverse consequences will be caused - especially in the environment of depression in all industries during the epidemic.

From this perspective, Liu Qing's timely warning can be said to have saved this group.

This is also the main reason why Su Qi's favorability towards Liu Qing has increased during this period.

Tianyuan Group’s current debt ratio is indeed relatively low, and its assets exceed their liabilities.

This is actually not a glorious thing for a group company. Many large companies have an astonishing debt ratio, just borrowing money from banks to make money for themselves, and some even have insolvent situations.

The low debt ratio only means that the group company has a conservative investment or has not found good investment projects.

However, Su Yi's investment has become conservative in recent years and has transformed from the Internet industry to industry. Except for those small and medium-sized enterprises, the large investment is in new energy.

There are tens of billions of debts, but that is not a problem for a group company with assets of more than one hundred billion.

Even if the loan expires, the group does not have that much money to repay the loan. The group has a good reputation and can easily repay the old debts from the bank.

——It’s not that a loan worth tens of billions of dollars expires in the same year, so there’s nothing scary.

When Liu Qing heard Su Qi's explanation, he understood that Tianyuan Group's current debt ratio was not high, so he felt more at ease.

He didn't know when the epidemic would last, but he only knew that it would not end within at least one or two years, so he asked Su Qi:

"If the epidemic lasts for one or two years, will there be problems with our group's capital chain?"

"It won't last for a year or two, right?" Su Qi said.

She felt that judging from the determination shown by the country now, it can be done in at most half a year. Normally, it should be done in one or two months.

"You still have to be prepared." Liu Qing said.

"If the next one or two years are like this, and the whole country is blocked like this, then our group will definitely go bankrupt, and there is nothing to say about this." Su Qi said.

"Of course it's impossible to be so strict all the time," said Liu Qing. "I mean the epidemic will not be extinguished. It may break out at a certain place from time to time. Will this have an extinction impact on our group?"

"I don't know what the specific situation you are talking about is," Su Qi said, "but I think our group can withstand more trouble than other companies of the same size."

He asked Liu Qing again: "Do you really think the epidemic will continue?"

"This is inevitable," Liu Qing said, "I'm even worried that this virus will continue to exist and will never be eliminated."

"Even such strength will not be eliminated?" Su Qi was incredible.

"Our strength is strong, but others' strength may not be strong," Liu Qing said depressedly. "Unless we are isolated from the outside world, a pig teammate can drag us into the water."

This is the most depressing thing for Chinese people.

We have already seen the dawn of extinguishing and have achieved zero diagnosis for a long time.

Then, from time to time, there are cases of imported cases from abroad, which break out every once in a while.

The most terrifying thing is that more powerful viruses will be cultivated from time to time.

What is born is dragged down by those pig teammates who are calling to lie down and coexist.

"I heard a saying that this virus is targeting us yellow people and will not spread in the Western world..." Su Qi said.

This statement does exist.

There were even foreigners who spoke at international conferences, saying they didn't need to worry about this.

Liu Qing sneered: "So many people who died of influenza across the ocean expressed dissatisfaction."

He had put forward such a point of view before, and Su Qi also believed it, but she did not believe it completely. She also thought that Liu Qing had a bit of a semi-Yuan Party attribute and was throwing the problem opposite.

However, this period of time proved that Liu Qing's previous judgment was correct, and she became increasingly convinced of Liu Qing's judgment on this matter.

He frowned: "What do you mean is it more serious abroad?"

Liu Qing said: "It's certain. They seem to be fine now because they haven't checked it. If this thing is not checked, I can be sure that it will be much more serious than ours."

"How much serious do you think it will be?" Su Qi asked.

"Above a hundred times." Liu Qing gave his own judgment.

——In fact, this is not his judgment, it is something that really happened.

Judging from the number of confirmed cases, a hundred times, that's just a small matter.

Su Qi was confused for a while and said, "If this is the case, life will not be easy in the future."

Liu Qing said: "Did you ever think about discovering business opportunities here? We can quickly pounce on it, and it is impossible abroad. If we invest in some related medical devices, we may be able to obtain a good profit growth point."
Chapter completed!