A Look Into Cosmos Holdings' Debt
A Look Into Cosmos Holdings' Debt
Over the past three months, shares of Cosmos Holdings Inc. (NASDAQ:COSM) rose by 84.35%. 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 Cosmos Holdings has.
在过去三个月里，科斯莫斯控股公司(纳斯达克代码：COSM)的股价上涨了84.35%。当了解一家公司在一段时间内(如3个月)的价格变化时，查看其财务状况可能会有所帮助。一家公司财务状况的一个关键方面是它的债务，但在我们理解债务的重要性之前，让我们看看Cosmos Holdings有多少债务。
Cosmos Holdings Debt
Cosmos Holdings债务
According to the Cosmos Holdings's most recent financial statement as reported on November 14, 2022, total debt is at $9.59 million, with $2.96 million in long-term debt and $6.63 million in current debt. Adjusting for $312 thousand in cash-equivalents, the company has a net debt of $9.28 million.
根据Cosmos Holdings截至2022年11月14日的最新财务报表，总债务为959万美元，其中长期债务296万美元，本期债务663万美元。经31.2万美元现金等价物调整后，该公司的净债务为928万美元。
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.
让我们定义一下我们在上面段落中使用的一些术语。流动债务指一家公司在1年内到期的债务部分，而长期债务是超过1年后到期的部分。现金等价物包括现金和任何到期日在90天或以下的流动证券。债务总额等于当前债务加上长期债务减去现金等价物。
To understand the degree of financial leverage a company has, investors look at the debt ratio. Considering Cosmos Holdings's $45.62 million in total assets, the debt-ratio is at 0.21. 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. A debt ratio of 40% might be higher for one industry, but average for another.
为了了解一家公司的财务杠杆程度，投资者关注的是负债率。考虑到Cosmos Holdings的总资产为4,562万美元，负债率为0.21。根据经验，债务比率超过1表明相当一部分债务是由资产提供资金的。较高的负债率也可能意味着，如果利率上升，该公司可能会面临违约风险。然而，不同行业的负债率差别很大。40%的负债率对一个行业来说可能更高，但对另一个行业来说是平均水平。
Why Debt Is Important
为什么债务很重要
Besides equity, debt is an important factor in the capital structure of a company, and contributes to its growth. Due to its lower financing cost compared to equity, it becomes an attractive option for executives trying to raise capital.
除了股权，债务是公司资本结构中的一个重要因素，并对公司的增长做出了贡献。由于其融资成本低于股权，对于试图筹集资金的高管来说，它成为一个有吸引力的选择。
Interest-payment obligations can impact the cash-flow of the company. Having financial leverage also allows companies to use additional capital for business operations, allowing equity owners to retain excess profit, generated by the debt capital.
付息义务会影响公司的现金流。拥有财务杠杆还允许公司将额外资本用于业务运营，允许股权所有者保留债务资本产生的超额利润。
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
本文由Benzinga的自动内容引擎生成，并由编辑审阅。
译文内容由第三方软件翻译。