What Does Target's Debt Look Like?
What Does Target's Debt Look Like?
Shares of Target Inc. (NYSE:TGT) decreased by 8.15% in the past three months. 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.
塔吉特公司(紐約證券交易所代碼：TGT)的股票在過去三個月裏下跌了8.15%。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
Based on Target's balance sheet as of November 23, 2022, long-term debt is at $14.24 billion and current debt is at $2.21 billion, amounting to $16.44 billion in total debt. Adjusted for $954.00 million in cash-equivalents, the company's net debt is at $15.49 billion.
根據Target截至2022年11月23日的資產負債表，長期債務為142.4億美元，當前債務為22.1億美元，總債務為164.4億美元。經9.54億美元現金等價物調整後，該公司的淨債務為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。
To understand the degree of financial leverage a company has, shareholders look at the debt ratio. Considering Target's $55.62 billion in total assets, the debt-ratio is at 0.3. Generally speaking, a debt-ratio more than 1 means that a large portion of debt is funded by assets. As the debt-ratio increases, so the does the risk of defaulting on loans, if interest rates were to increase. Different industries have different thresholds of tolerance for debt-ratios. A debt ratio of 40% might be higher for one industry, but average for another.
為了瞭解一家公司的財務槓桿程度，股東們關注的是負債率。考慮到Target的556.2億美元總資產，債務比率為0.3。一般來説，債務比率超過1意味着很大一部分債務是由資產提供資金的。隨着債務比率的增加，如果利率上升，貸款違約的風險也會增加。不同行業對負債率的容忍度門檻不同。40%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平均水平。
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。
However, due to interest-payment obligations, cash-flow of a company can be impacted. 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.
然而，由於支付利息的義務，公司的現金流可能會受到影響。擁有財務槓桿還允許公司將額外資本用於業務運營，允許股權所有者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。