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These 4 Measures Indicate That Suzhou HYC TechnologyLtd (SHSE:688001) Is Using Debt Reasonably Well
These 4 Measures Indicate That Suzhou HYC TechnologyLtd (SHSE:688001) Is Using Debt Reasonably Well
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. Importantly, Suzhou HYC Technology Co.,Ltd. (SHSE:688001) does carry debt. But is this debt a concern to shareholders?
What Risk Does Debt Bring?
Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price. If things get really bad, the lenders can take control of the business. 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. By replacing dilution, though, debt can be an extremely good tool for businesses that need capital to invest in growth at high rates of return. When we examine debt levels, we first consider both cash and debt levels, together.
See our latest analysis for Suzhou HYC TechnologyLtd
What Is Suzhou HYC TechnologyLtd's Net Debt?
The image below, which you can click on for greater detail, shows that at March 2022 Suzhou HYC TechnologyLtd had debt of CN¥727.2m, up from none in one year. However, its balance sheet shows it holds CN¥1.63b in cash, so it actually has CN¥899.8m net cash.
SHSE:688001 Debt to Equity History September 8th 2022How Healthy Is Suzhou HYC TechnologyLtd's Balance Sheet?
We can see from the most recent balance sheet that Suzhou HYC TechnologyLtd had liabilities of CN¥761.2m falling due within a year, and liabilities of CN¥776.0m due beyond that. Offsetting these obligations, it had cash of CN¥1.63b as well as receivables valued at CN¥1.08b due within 12 months. So it can boast CN¥1.17b more liquid assets than total liabilities.
This short term liquidity is a sign that Suzhou HYC TechnologyLtd could probably pay off its debt with ease, as its balance sheet is far from stretched. Succinctly put, Suzhou HYC TechnologyLtd boasts net cash, so it's fair to say it does not have a heavy debt load!
And we also note warmly that Suzhou HYC TechnologyLtd grew its EBIT by 17% last year, making its debt load easier to handle. When analysing debt levels, the balance sheet is the obvious place to start. But ultimately the future profitability of the business will decide if Suzhou HYC TechnologyLtd 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.
But our final consideration is also important, because a company cannot pay debt with paper profits; it needs cold hard cash. While Suzhou HYC TechnologyLtd has net cash on its balance sheet, it's still worth taking a look at its ability to convert earnings before interest and tax (EBIT) to free cash flow, to help us understand how quickly it is building (or eroding) that cash balance. Over the last three years, Suzhou HYC TechnologyLtd recorded negative free cash flow, in total. Debt is usually more expensive, and almost always more risky in the hands of a company with negative free cash flow. Shareholders ought to hope for an improvement.
Summing Up
While we empathize with investors who find debt concerning, you should keep in mind that Suzhou HYC TechnologyLtd has net cash of CN¥899.8m, as well as more liquid assets than liabilities. And it impressed us with its EBIT growth of 17% over the last year. So we don't have any problem with Suzhou HYC TechnologyLtd's use of debt. There's no doubt that we learn most about debt from the balance sheet. However, not all investment risk resides within the balance sheet - far from it. For instance, we've identified 3 warning signs for Suzhou HYC TechnologyLtd (1 is a bit concerning) you should be aware of.
Of course, if you're the type of investor who prefers buying stocks without the burden of debt, then don't hesitate to discover our exclusive list of net cash growth stocks, today.
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.
沃倫·巴菲特(Warren Buffett)著名地表示:「波動性遠非風險的代名詞。」因此,當您考慮任何給定股票的風險時,很明顯,您需要考慮債務,因為過多的債務可能會使公司下沉。重要的是 蘇州 HYC 科技有限公司, 有限公司 上海證券交易所股票代號:688001)確實帶有債務。但是,這筆債務是否成為股東關注的問題?
債務帶來什麼風險?
當企業無法輕易履行這些義務時,債務和其他負債將成為風險,無論是自由現金流或通過以有吸引力的價格籌集資金。如果事情變得非常糟糕,貸方可以控制業務。然而,較常見(但仍然昂貴)的情況是,公司必須以低廉的股價稀釋股東,以便控制債務。然而,通過取代稀釋,對於需要資金以高回報率投資增長的企業來說,債務可能是一個非常好的工具。當我們檢查債務水平時,我們首先同時考慮現金和債務水平。
查看我們對蘇州 HYC 技術有限公司的最新分析
什麼是蘇州興業科技有限公司的淨債務?
下圖,您可以點擊以獲取更多詳細信息,顯示 2022 年 3 月蘇州興業科技有限公司的債務為 727.2 億元人民幣,高於一年內的無。然而,該公司的資產負債表顯示,它持有 1.63b 人民幣的現金,因此實際上擁有 8,998 萬元人民幣的淨現金。
上海證券交易所:688001 債券對股份歷史記錄 2022 年 9 月 8 日蘇州興業科技有限公司的資產負債表健康程度如何?
從最近的資產負債表可以看出,蘇州興業科技有限公司在一年內到期的負債為人民幣 76120 萬元,除此之外,蘇州興業科技有限公司的負債為 776.0 萬元人民幣。抵銷了這些債務,該公司擁有 1.63 億元人民幣的現金,應收帳款在 12 個月內到期,價值為 1.08 億人民幣。因此,它可以擁有比 1.17 億元人民幣更高的流動資產 總計 負債。
這種短期流動性表明蘇州興業科技有限公司可能可以輕鬆償還債務,因為其資產負債表遠未達到拉伸。簡而言之,蘇州興業科技有限公司擁有淨現金,所以可以公平地說它沒有沉重的債務負擔!
我們還熱烈地注意到,蘇州興業科技有限公司去年將其息稅前利潤增長了 17%,使其債務負荷更容易處理。在分析債務水平時,資產負債表是顯而易見的起點。但最終,業務的未來盈利能力將決定蘇州興業科技有限公司是否可以隨著時間的推移加強其資產負債表。因此,如果您想了解專業人士的想法,您可能會發現這份關於分析師利潤預測的免費報告很有趣。
但是,我們的最終考慮因素也很重要,因為一家公司不能用紙質利潤來償還債務;它需要冷硬現金。雖然蘇州興業科技有限公司的資產負債表上有淨現金,但仍然值得一看它將利息稅前盈利(EBIT)轉換為自由現金流的能力,以幫助我們了解它建立(或侵蝕)現金餘額的速度有多快。在過去三年中,蘇州興業科技有限公司總計錄得負自由現金流。債務通常更昂貴,而且在自由現金流負數的公司手中,幾乎總是更大的風險。股東應該希望有所改善。
總結
雖然我們同情那些發現債務擔憂的投資者,但您應該記住,蘇州興業科技有限公司擁有 8,998 萬元人民幣的淨現金,以及流動資產比負債更多。它給我們留下了深刻的印象,其息稅前利息稅前利息比去年增長 17%。所以我們對蘇州興業科技有限公司的債務使用沒有任何問題。毫無疑問,我們從資產負債表中學到最多有關債務的知識。然而,並非所有投資風險都存在於資產負債表內 —— 遠非所有投資風險。例如,我們已經確定 蘇州興業科技有限公司的 3 個警告標誌 (1 有點令人擔憂)您應該意識到。
當然,如果您是喜歡在沒有債務負擔的情況下購買股票的投資者,那麼請立即發現我們獨家的淨現金增長股票列表。
對這篇文章有反饋嗎?關注內容? 取得聯繫 直接與我們聯繫。 或者,通過電子郵件發送電子郵件給編輯團隊。
這篇文章由簡單牆聖是一般性質. 我們僅使用公正的方法,根據歷史數據和分析師預測提供評論,我們的文章並不打算作為財務建議。 它並不構成購買或出售任何股票的建議,也不會考慮您的目標或您的財務狀況。我們的目標是為您帶來由基本數據驅動的長期集中分析。請注意,我們的分析可能不會考慮最新的價格敏感公司公告或定性材料。簡易華街在提及的任何股票中都沒有倉位。
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moomoo是Moomoo Technologies Inc.公司提供的金融資訊和交易應用程式。
在美國,moomoo上的投資產品和服務由Moomoo Financial Inc.提供,一家受美國證券交易委員會(SEC)監管的持牌主體。 Moomoo Financial Inc.是金融業監管局(FINRA)和證券投資者保護公司(SIPC)的成員。
在新加坡,moomoo上的投資產品和服務是通過Moomoo Financial Singapore Pte. Ltd.提供,該公司受新加坡金融管理局(MAS)監管(牌照號碼︰CMS101000) ,持有資本市場服務牌照 (CMS) ,持有財務顧問豁免(Exempt Financial Adviser)資質。本內容未經新加坡金融管理局的審查。
在澳大利亞,moomoo上的金融產品和服務是通過Futu Securities (Australia) Ltd提供,該公司是受澳大利亞證券和投資委員會(ASIC)監管的澳大利亞金融服務許可機構(AFSL No. 224663)。請閱讀並理解我們的《金融服務指南》、《條款與條件》、《隱私政策》和其他披露文件,這些文件可在我們的網站 https://www.moomoo.com/au中獲取。
在加拿大,透過moomoo應用程式提供的僅限訂單執行的券商服務由Moomoo Financial Canada Inc.提供,並受加拿大投資監管機構(CIRO)監管。
在馬來西亞,moomoo上的投資產品和服務是透過Moomoo Securities Malaysia Sdn. Bhd. 提供,該公司受馬來西亞證券監督委員會(SC)監管(牌照號碼︰eCMSL/A0397/2024) ,持有資本市場服務牌照 (CMSL) 。本內容未經馬來西亞證券監督委員會的審查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.,Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc和Moomoo Securities Malaysia Sdn. Bhd., 是關聯公司。
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