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Is Suzhou UIGreen Micro&Nano TechnologiesLtd (SHSE:688661) Using Debt Sensibly?

Is Suzhou UIGreen Micro&Nano TechnologiesLtd (SHSE:688661) Using Debt Sensibly?

蘇州優格林微納技術有限公司(上海證券交易所股票代碼:688661)是否明智地使用債務?
Simply Wall St ·  05/21 12:29

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' When we think about how risky a company is, we always like to look at its use of debt, since debt overload can lead to ruin. As with many other companies Suzhou UIGreen Micro&Nano Technologies Co.,Ltd (SHSE:688661) makes use of debt. But is this debt a concern to shareholders?

傳奇基金經理李露(由查理·芒格支持)曾經說過:“最大的投資風險不是價格的波動,而是你是否會遭受永久的資本損失。”當我們考慮一家公司的風險時,我們總是喜歡考慮其債務的用途,因爲債務過載可能導致破產。與許多其他公司一樣,蘇州優格林微納技術有限公司, Ltd(上海證券交易所代碼:688661)使用債務。但是這筆債務是股東關心的問題嗎?

When Is Debt A Problem?

債務何時會成爲問題?

Generally speaking, debt only becomes a real problem when a company can't easily pay it off, either by raising capital or with its own cash flow. Part and parcel of capitalism is the process of 'creative destruction' where failed businesses are mercilessly liquidated by their bankers. However, a more usual (but still expensive) situation is where a company must dilute shareholders at a cheap share price simply to get debt under control. Having said that, the most common situation is where a company manages its debt reasonably well - and to its own advantage. The first thing to do when considering how much debt a business uses is to look at its cash and debt together.

一般而言,只有當公司無法通過籌集資金或用自己的現金流輕鬆還清債務時,債務才會成爲真正的問題。資本主義的組成部分是 “創造性破壞” 過程,在這種過程中,倒閉的企業被銀行家無情地清算。但是,更常見(但仍然昂貴)的情況是,公司爲了控制債務,必須以低廉的股價稀釋股東。話雖如此,最常見的情況是公司合理地管理債務,而且對自己有利。在考慮企業使用多少債務時,要做的第一件事是同時考慮其現金和債務。

What Is Suzhou UIGreen Micro&Nano TechnologiesLtd's Net Debt?

蘇州優格林微納科技有限公司的淨負債是多少?

The image below, which you can click on for greater detail, shows that at March 2024 Suzhou UIGreen Micro&Nano TechnologiesLtd had debt of CN¥41.8m, up from none in one year. But it also has CN¥762.7m in cash to offset that, meaning it has CN¥720.9m net cash.

您可以點擊下圖查看更多詳情,該圖片顯示,截至2024年3月,蘇州UIGreen微納科技有限公司的債務爲4180萬元人民幣,高於一年的無債務。但它也有7.627億元的現金來抵消這一點,這意味着它的淨現金爲7.209億元人民幣。

debt-equity-history-analysis
SHSE:688661 Debt to Equity History May 21st 2024
SHSE: 688661 債券與股本的比率記錄 2024 年 5 月 21 日

How Strong Is Suzhou UIGreen Micro&Nano TechnologiesLtd's Balance Sheet?

蘇州優格林微納科技有限公司的資產負債表有多強?

Zooming in on the latest balance sheet data, we can see that Suzhou UIGreen Micro&Nano TechnologiesLtd had liabilities of CN¥159.9m due within 12 months and liabilities of CN¥15.9m due beyond that. Offsetting these obligations, it had cash of CN¥762.7m as well as receivables valued at CN¥112.0m due within 12 months. So it can boast CN¥699.0m more liquid assets than total liabilities.

放大最新的資產負債表數據,我們可以看到,蘇州UIGreen微納科技有限公司在12個月內到期的負債爲1.599億元人民幣,之後到期的負債爲1,590萬元人民幣。除這些債務外,它有7.627億元的現金以及價值1.12億元人民幣的應收賬款將在12個月內到期。因此,它擁有的流動資產可以多出6.990億元人民幣 負債。

This excess liquidity suggests that Suzhou UIGreen Micro&Nano TechnologiesLtd is taking a careful approach to debt. Because it has plenty of assets, it is unlikely to have trouble with its lenders. Simply put, the fact that Suzhou UIGreen Micro&Nano TechnologiesLtd has more cash than debt is arguably a good indication that it can manage its debt safely. The balance sheet is clearly the area to focus on when you are analysing debt. But ultimately the future profitability of the business will decide if Suzhou UIGreen Micro&Nano TechnologiesLtd can strengthen its balance sheet over time. So if you want to see what the professionals think, you might find this free report on analyst profit forecasts to be interesting.

這種過剩的流動性表明,蘇州優格林微納科技有限公司正在謹慎對待債務。由於它擁有充足的資產,因此不太可能與貸款人發生麻煩。簡而言之,蘇州UIGreen微納科技有限公司的現金多於債務,這一事實可以說是一個很好的跡象,表明它可以安全地管理債務。資產負債表顯然是分析債務時需要關注的領域。但最終,該業務未來的盈利能力將決定蘇州UiGreen微納科技有限公司能否隨着時間的推移加強其資產負債表。因此,如果你想看看專業人士的想法,你可能會發現這份關於分析師利潤預測的免費報告很有趣。

Over 12 months, Suzhou UIGreen Micro&Nano TechnologiesLtd reported revenue of CN¥339m, which is a gain of 41%, although it did not report any earnings before interest and tax. Shareholders probably have their fingers crossed that it can grow its way to profits.

在過去的12個月中,蘇州UiGreen微納科技有限公司公佈的收入爲3.39億元人民幣,增長了41%,儘管它沒有報告任何利息和稅前收益。股東們可能對它能夠實現盈利抱有疑慮。

So How Risky Is Suzhou UIGreen Micro&Nano TechnologiesLtd?

那麼蘇州優格林微納科技有限公司的風險有多大?

Statistically speaking companies that lose money are riskier than those that make money. And in the last year Suzhou UIGreen Micro&Nano TechnologiesLtd had an earnings before interest and tax (EBIT) loss, truth be told. Indeed, in that time it burnt through CN¥123m of cash and made a loss of CN¥19m. With only CN¥720.9m on the balance sheet, it would appear that its going to need to raise capital again soon. With very solid revenue growth in the last year, Suzhou UIGreen Micro&Nano TechnologiesLtd may be on a path to profitability. Pre-profit companies are often risky, but they can also offer great rewards. When analysing debt levels, the balance sheet is the obvious place to start. But ultimately, every company can contain risks that exist outside of the balance sheet. Be aware that Suzhou UIGreen Micro&Nano TechnologiesLtd is showing 1 warning sign in our investment analysis , you should know about...

從統計學上講,虧損的公司比賺錢的公司風險更大。說實話,去年蘇州UIGreen微納科技有限公司出現了息稅前收益(EBIT)虧損。事實上,在那段時間裏,它燒燬了1.23億加元的現金,損失了1900萬元人民幣。由於資產負債表上只有7.209億元人民幣,看來很快就需要再次籌集資金。蘇州UIGreen微納科技有限公司去年收入增長非常強勁,可能正走上盈利之路。盈利前公司通常是有風險的,但它們也可以提供豐厚的回報。在分析債務水平時,資產負債表是顯而易見的起點。但歸根結底,每家公司都可以控制資產負債表之外存在的風險。請注意,蘇州優格林微納科技有限公司在我們的投資分析中顯示了1個警告信號,你應該知道...

If, after all that, you're more interested in a fast growing company with a rock-solid balance sheet, then check out our list of net cash growth stocks without delay.

畢竟,如果你對一家資產負債表堅如磐石的快速成長型公司更感興趣,那麼請立即查看我們的淨現金增長股票清單。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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