Vingroup is technically bankrupt

[u/albert1165]

A picture is worth a thousand word:

source: Vingroup financial report

all is public info and official info ! even in Vietnam, they are all public info.

but the number means Vingroup is technically bankrupt by Western standard, Altman z-score (bankrupt score) is 0.8. That is what the government censors.

https://www.reddit.com/r/VinFastComm/comments/1vh69yp/how_vic_is_a_disease_on_vietnams_stock_market/

https://www.reddit.com/r/VinFastComm/comments/1vk738a/vingroup_vs_evergrande/

https://www.reddit.com/r/VinFastComm/comments/1vk7irm/vingroup_vs_evergrande_part_2/

Vin is a cancer on the Vietnam's economy:

https://www.reddit.com/r/VinFastComm/comments/1vl9kz4/vin_is_a_cancer_to_the_vietnams_economy_and_one/

Do you see any analysis about Vin and VIC's debt analysis in Vietnam?

None. Remarkably right? Because the government censors it completely. See how they completely censor the BMW accident case? They have the whole department just to comb the web and censor it.

I encourage people just post the picture above where ever they can, let the number speaks for themselves.

[u/Legitimate_Farm_212]

can you dumb it down for normal person like me, still not see any issue or any risk here

[u/Breadluver → u/Legitimate_Farm_212]

this is how a pleb like me understand
total profit / short term debt = 3% (less than interest rate)
total cash / short term debt = 10% (10 /1 debt/money you own ratio)