Comment by honeycrispy

1 day ago

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

https://companiesmarketcap.com/automakers/automakers-with-th...

  • 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