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A car transport holds thousands of ships. Therefore requiring temporary storage for thousands of cars is normal.

Even if you count the massive "hidden debt", BYD's debt load is still a small fraction of the big car makers, many of whom hold over $200 billion in debt.



Which car makers? Ford, GMC, Chevrolet are all closer to $100 billion. Tesla holds $13b.



Wow! Toyota $269B debt vs BYD $5.6B debt


Both figures need to be qualified.

1. The BYD debt is alleged to be undercounted due to treating suppliers as lenders.

2. The Toyota debt includes a large chunk of lease financing. Which sort of doesn't count.

But even if you adjust Toyota's down and BYD's up, Toyota's is still significantly larger.


> its Net Debt/EBITDA was around 3.7x, indicating strong earnings cover for its debt

TLDR: Toyota can afford it




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