"When government fears the people, there is liberty. When the people fear the government, there is tyranny."
A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
Author: Booker T. Washington
Trump is absolutely correct. His debt is only but a portion of his net worth, according to the Forbes numbers. You obviously have no clue what leverage is nor why healthy companies will opt to finance a portion of their operations through debt.
Using the numbers from Forbes, Trump's company has a healthy debt/asset ratio (~0.28) as well as a healthy debt/equity ratio (0.4). Those ratios show that the majority of his company operations are being funded via wholly owned funds and that the majority of assets are being financed by equity rather than debt.
Trump is doing quite WELL financially...
Sources: Forbes, as well as my own experience as an accounts receivable accountant for a local family owned real estate company. When it comes to accounting and real estate, I know what I am talking about.
He's never lied about having business debt. Debt is a part of any healthy business. It is called "leverage". Trump's debt/asset and debt/equity ratios are both at healthy amounts (~0.28 and 0.4, respectively). His company operations are mostly financed via wholly owned funds rather than debts, and most of his assets are financed via equity rather than debt. His company, as a whole, is financially stable.
Sources: Forbes, as well as my own personal experience as an accounts receivable accountant for a local family-owned real estate company.
Precisely. These leftist morons don't have the slightest clue about how businesses operate. They have no idea what leverage is, nor why a company makes use of it.
Trump's debt/asset and debt/equity ratios are quite healthy; his company is quite financially stable.
Leftist twits don't realize that perspective is important. Yes, to you and I, $400 million (and $1 billion) are extremely large numbers, but in perspective to the Trump brand as a whole, those really aren't all that large of numbers at all...
Maybe through the lens of your own finances it is a lot of money, but through the lens of the Trump brand as a whole, it is not all that much money at all... If you knew ANYTHING about accounting, real estate, or business operation in general, you would know that Trump is financially stable and that it is a good thing to be leveraged to some extent.
$421M is NOT AT ALL a big deal, within the lens of the Trump brand. Trump's debt/asset and debt/equity ratios are at quite healthy amounts. Such debt (used as leverage) is a part of many healthy businesses.
You clearly have no understanding of accounting, real estate, nor business ownership/operations. That is why Trump is President of the USA while you are President of your Mother's Basement.
True, but Trump isn’t just another business person, he is the President of the United States, and when the President is facing a billion in debt soon to be due the question of how this burden effects his decisions as President is important, especially as it applies to foreign entities.
Trump crowed about being the master of debt. Then when he was broke and American banks would give him a pen from the bank offices, he shows up cash-rich and outright buys several extremely expensive golf courses and properties. Cash deal. Those courses are bleeding money. You will find they are great for money laundering, but no way to make money.
Trump is in the hospitality business. When he has to pay up, he will have to liquidate properties that have a lot less value than he originally claimed.
Trump is in trouble.
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