Any Debts?

In his ABC interview Donald Trump said that he had no debts in Russia or to Russians. That may be true. But he went on to make a much more declaratory statement.

"No debts. I have very little debt to anybody. I don't need debt. You know, it's very interesting. I'm so liquid, I don't need debt. And if I need debt, if I want debt, I can get it from banks in New York City very easily."

"Very little debt" is of course a relative and imprecise term and I depends entirely on one's total assets. But in a recent detailed analysis, Bloomberg news placed Trump's total net worth at $3 billion dollars while noting that his debt has grown from $350 million to $630 million in just the last year. Notably we can't compare that debt load to cash flow. I'll leave to financial analysts to decide whether that makes Trump over-leveraged. But I don't think anyone would say that counts as "very little debt."...
http://talkingpointsmemo.com/edblog/any-debts