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A Look Into TOP Ships' Debt

A Look Into TOP Ships' Debt

對頂級船舶債務的調查
Benzinga Real-time News ·  2022/11/30 12:08

Over the past three months, shares of TOP Ships Inc. (NASDAQ:TOPS) moved lower by 48.46%. 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 TOP Ships has.

在過去的三個月裏,納斯達克的股價下跌了48.46%。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,讓我們先看看Top Ships有多少債務。

TOP Ships Debt

最大的船舶債務

According to the TOP Ships's most recent financial statement as reported on April 15, 2022, total debt is at $97.37 million, with $90.16 million in long-term debt and $7.21 million in current debt. Adjusting for $2.37 million in cash-equivalents, the company has a net debt of $95.00 million.

根據Top Ships於2022年4月15日報告的最新財務報表,總債務為9737萬美元,其中長期債務為9016萬美元,本期債務為721萬美元。經237萬美元的現金等價物調整後,該公司的淨債務為9500萬美元。

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 TOP Ships's $330.79 million in total assets, the debt-ratio is at 0.29. 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.

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Top Ships的總資產為3.3079億美元,負債率為0.29。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 Shareholders Look At Debt?

為什麼股東要考慮債務?

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。

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