Traditional Culture Encyclopedia - Hotel accommodation - What will the "income-only theory" of HNA's development strategy lead to?

What will the "income-only theory" of HNA's development strategy lead to?

The financial leverage is too high and the asset-liability ratio is too high.

1. Excessive financial leverage: HNA has acquired many industries, such as hotels and finance. It is not closely related to the main business and takes up a lot of money.

2. The asset-liability ratio is too high: its asset-liability ratio is much higher than that of its peers, and its cash flow has been seriously insufficient.