不断攀升的库存压力，本就让房地产行业“呼吸不畅”，再加上持续攀升的资产负债率，房地产企业愈加喘不过气。

Rising stock pressure，This let the real estate industry“Dull breath”，Plus steadily rising asset liability ratio，Real estate enterprise increasingly gulp。

　　据统计，8月以来，沪深两市A股房企中已有22家房企发布中报。根据同花顺(300033,股吧)iFinD统计数据显示，这22家上市房企的负债率并不乐观，负债总额为3985.14亿元，比上年期末增加约413.76亿元。资产负债率为75.99%，而上年末为74.36%，上涨近2%。

According to the statistics，Since August，Shanghai and shenzhen A share room two cities in enterprises has 22 home room to release center daily news。According to the straight flush(300033,guba)IFinD statistical data display，The 22 listed room to leverage is not optimistic，Total liabilities for 398.514 billion yuan，Compared with the final increase of about 41.376 billion yuan。Asset liability ratio is 75.99%，And ShangNianMo is 74.36%，Up nearly 2%。

　　对此，平安证券房地产分析师李晓东表示，房企负债率走高是正常现象，因为这一行业预收账款高。李晓东认为，除了现金流恶化，回款相对不畅之外，预收账款高更是导致房企负债率攀升的主要原因。

this，Peace securities real estate analysts LiXiaoDong said，Room to move higher leverage is normal phenomenon，For this industry deferred payment high。LiXiaoDong think，In addition to cash flow deterioration，Besides collection relative stagnation，Deferred payment high but also lead to room to leverage the main reason for the rise。

　　链家地产市场研究部常清也认为，资产负债率上升主要来源于融资增加和规模扩张。从房企类型来看，大型房企依旧持续平稳扩张态势，负债率有所上涨，而排名在100外的中小房企收缩经营较为谨慎，收缩经营降低风险，资产负债率涨幅较小。资产负债率上升一方面使得房企财务成本增长，另外也使得房企经营风险增加，下半年不排除会有房企出售资产或者股权来降低负债率的案例出现。

Chain home real estate market research also believe a temperamental predominance，Asset liability ratio rise mainly comes from financing increase and scale expansion。From the point of view of qi room，Large room to still continue steady expansion trend，Increase in leverage，And ranking in 100 in the small enterprises contraction management more cautious，Shrinkage management to reduce risk，Asset liability ratio or smaller。Asset liability ratio rise on one hand makes room enterprise financial cost growth，In addition also makes room enterprises increased risk management，Second half not eliminate to be able to have room to sell assets or equity ratio to reduce the case appeared。

　　不过，近期有业内人士透露，房企融资环境已有所改善，甚至一些优质房企向银行申请的开发贷也能快速审批下来，融资额度也有所提升。

but，There has been a recent industry insiders revealed，Room enterprises financing environment has improved，Even some high quality room enterprise applies to the bank for development credit also can rapid examination and down，Amount of financing had increased。

　　据《证券日报》

According to《Securities daily》