A Look Into Target's Debt
A Look Into Target's Debt
Over the past three months, shares of Target Inc. (NYSE:TGT) moved higher by 0.89%. When understanding a companies price change over a time period like 3 months, it could be helpful to look at its financials. One key aspect of a companies financials is its debt, but before we understand the importance of debt, let's look at how much debt Target has.
過去三個月，Target Inc.(紐約證券交易所代碼：TGT)的股價上漲了0.89%。當了解一家公司在一段時間內(如3個月)的價格變化時，查看其財務狀況可能會有所幫助。一家公司財務狀況的一個關鍵方面是它的債務，但在我們理解債務的重要性之前，讓我們看看Target有多少債務。
Target Debt
目標債務
According to the Target's most recent balance sheet as reported on November 23, 2022, total debt is at $16.44 billion, with $14.24 billion in long-term debt and $2.21 billion in current debt. Adjusting for $954.00 million in cash-equivalents, the company has a net debt of $15.49 billion.
根據Target於2022年11月23日公佈的最新資產負債表，總債務為164.4億美元，其中長期債務為142.4億美元，本期債務為22.1億美元。經9.54億美元現金等價物調整後，該公司淨債務為154.9億美元。
Let's define some of the terms we used in the paragraph above. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the portion due in more than 1 year. Cash equivalents includes cash and any liquid securities with maturity periods of 90 days or less. Total debt equals current debt plus long-term debt minus cash equivalents.
讓我們定義一下我們在上面段落中使用的一些術語。流動債務指一家公司在1年內到期的債務部分，而長期債務是超過1年後到期的部分。現金等價物包括現金和任何到期日在90天或以下的流動證券。債務總額等於當前債務加上長期債務減去現金等價物。
Investors look at the debt-ratio to understand how much financial leverage a company has. Target has $55.62 billion in total assets, therefore making the debt-ratio 0.3. As a rule of thumb, a debt-ratio more than 1 indicates that a considerable portion of debt is funded by assets. A higher debt-ratio can also imply that the company might be putting itself at risk for default, if interest rates were to increase. However, debt-ratios vary widely across different industries. For example, a debt ratio of 35% might be higher for one industry, but normal for another.
投資者關注負債率，以瞭解一家公司的財務槓桿有多大。Target的總資產為556.2億美元，因此負債率為0.3。根據經驗，債務比率超過1表明相當一部分債務是由資產提供資金的。較高的負債率也可能意味着，如果利率上升，該公司可能會面臨違約風險。然而，不同行業的負債率差別很大。例如，35%的負債率對一個行業來説可能更高，但對另一個行業來説是正常的。
Why Debt Is Important
為什麼債務很重要
Debt is an important factor in the capital structure of a company, and can help it attain growth. Debt usually has a relatively lower financing cost than equity, which makes it an attractive option for executives.
債務是公司資本結構中的一個重要因素，可以幫助公司實現增長。債務的融資成本通常比股權相對較低，這使得它對高管來説是一個有吸引力的選擇。
Interest-payment obligations can impact the cash-flow of the company. Equity owners can keep excess profit, generated from the debt capital, when companies use the debt capital for its business operations.
付息義務會影響公司的現金流。當公司將債務資本用於其業務運營時，股權所有者可以保留債務資本產生的超額利潤。
Looking for stocks with low debt-to-equity ratios? Check out Benzinga Pro, a market research platform which provides investors with near-instantaneous access to dozens of stock metrics - including debt-to-equity ratio. Click here to learn more.
尋找債務股本比率較低的股票？看看Benzinga Pro，這是一個市場研究平臺，為投資者提供了數十個股票指標的近乎即時的訪問-包括債務與股本比率。單擊此處瞭解更多信息。
This article was generated by Benzinga's automated content engine and reviewed by an editor.
本文由Benzinga的自動內容引擎生成，並由編輯審閲。
譯文內容由第三人軟體翻譯。