No, I get this; it is not a problem. It becomes one when they cannot pay back this financing, in the event that they cannot build a sustainable business, which they cannot, because the capital cycle leads to overinvestment, meaning the financiers cannot meet their returns.

https://s-1.vercel.app/posts/the-capital-cycle-theory/

It's a problem when there's 10x leverage AND the underlying asset massively deprecates in value.

Neither of those look likely yet.