At the end of the first quarter, the total liabilities of 20 pig companies exceeded 400 billion yuan, with a total loss of over 6 billion yuan! Five pig companies, including New Hope, New Wufeng, and Jinxinnong, have debt ratios exceeding 70%

The debt ratio is an important indicator reflecting the operational situation of a company. According to data from the Agricultural Finance Think Tank, the total assets of 20 listed pig companies in the first quarter were 622.64 billion yuan, and the total liabilities were 411.466 billion yuan. Among them, the total liabilities of Muyuan Group are as high as 1250.58