Very High LeverageA debt-to-equity of 5.06 signals heavy leverage typical of elevated refinancing and interest-rate exposure. For a capital-intensive developer, this constrains financial flexibility, raises default risk under stress and makes funding new projects more expensive or conditional on partner support.
Negative Net Income And Net MarginSustained net losses and a -8.61% net margin erode equity and limit retained earnings available for reinvestment. Combined with high leverage, ongoing losses increase the probability of balance-sheet strain, constrain dividend sustainability and may force asset disposals to meet obligations.
Declining Free Cash Flow GrowthA TTM FCF growth decline of -14.29% reduces internal funding for capex, debt service and working capital. For a developer, falling FCF growth can reflect execution delays, slower sales or margin compression, increasing the need for external financing and elevating project and liquidity risk over months.