• On the liabilities side, RIL's liabilities increased from $19 billion to $65 billion in four years.

• The company is taking more time to make payments compared to global peers such as Valero in the US, Korean refiners, and Indian oil marketing companies.

• "RIL's standalone payable days (mainly crude payables) have increased significantly over the past four years. It used to be in the range of 50-60 days, but was high at 121 days in FY19. Payable days reduced from high of 163 days in FY18 to 121 days in FY19 but are still 2-4 times of peer average. Most of the peers have crude payable days of 30-60 days," the report added.

• Furthermore, the Mukesh Ambani-led conglomerate has been free cash flow (FCF) negative for six years. "

• One Billion US Dollar is around 7200 Crores as per dollar exchange rate of the day. In total the debt of Mukesh Ambani (what is officially known of course, there are other debts hidden off balance sheets and in obscure companies) is a massive 4,68,000 Crores.

• Now assuming that he is paying an average of 10% interest on this debt, his yearly interest payment on this debt is 46,800 Crores. Divide this by 365 and you get 128 odd crores per day or about 5.33 Crores per hour. Does he or his companies earn that kind of money? I doubt.

• Mukesh Ambani is also aware of this dangerous situation. That is why he has put up 25% of his company's stake for sale. He is trying to sell assets that he created out of this debtIt is not a fire sale as yet but it could become a fire sale soon.

• Soon Mukesh Ambani will learn the hard way that the banker is a person who lends his umbrella to someone till it is not raining and wants it back immediately as soon as it starts to rain.   ...........

• Also with lakhs of crores Rupees debt to Indian banks , Mukesh Ambanis  Reliance industries is main culprit behind mounting NPA of our banking system itself...This is stated as one among major reason for economic slow down forecasted in India....

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