Evergrande’s Debt Hits $45 Billion With Restructuring Ruled Out

China Evergrande Group’s debt load is far bigger than earlier estimated, amounting to HK$350 billion ($45 billion) as any “holistic” restructuring of the Chinese real estate firm is deemed out of reach, according to the developer’s court-appointed liquidators.

The company is facing 187 debt claims, with the total amount far exceeding the $27.5 billion of liabilities disclosed in its financial statement in December 2022, the liquidators said in a “progress report” issued on Tuesday. The new figure isn’t to be taken as final since additional claims could emerge and all are subject to formal review.

Since liquidators Edward Middleton ...