So i was checking the balance sheet of xiaomi and I relalized that their stated total assets are exactly the same as their dept.
And this is not a typo, as it is really the sum of their stated subdivisions:
(All in thousand RMD)
Non current assets: 118,060,763
Current Assets: 173,495,550
Total Assets: 291,556,313
Equity: 155,053,292
Liabilities: 136,503,021
Total “Dept”: 291,556,313
What do I make of this? Just coincidence? Did some executive told an intern to make sure that the total “dept” (equity +liabilities) should not exceed the assets?
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