Does Hengxin Shambala CultureLtd (SZSE:300081) Have A Healthy Balance Sheet?
Does Hengxin Shambala CultureLtd (SZSE:300081) Have A Healthy Balance Sheet?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' 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 Hengxin Shambala Culture Co.,Ltd. (SZSE:300081) makes use of debt. But is this debt a concern to shareholders?
沃倫·巴菲特曾說過一句名言:“波動性遠非風險的代名詞。”當我們考慮一家公司的風險時,我們總是喜歡看它對債務的使用,因爲債務超負荷可能導致破產。與許多其他公司一樣,恒信香巴拉文化有限公司,Ltd.(深圳證券交易所代碼:300081)使用債務。但是這筆債務是股東關心的問題嗎?
What Risk Does Debt Bring?
債務會帶來什麼風險?
Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow. If things get really bad, the lenders can take control of the business. However, a more frequent (but still costly) occurrence is where a company must issue shares at bargain-basement prices, permanently diluting shareholders, just to shore up its balance sheet. 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. The first thing to do when considering how much debt a business uses is to look at its cash and debt together.
債務可以爲企業提供幫助,直到企業難以用新的資本或自由現金流還清債務。如果情況變得非常糟糕,貸款人可以控制業務。但是,更頻繁(但仍然代價高昂)的情況是,公司必須以低廉的價格發行股票,永久稀釋股東,以支撐其資產負債表。但是,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。在考慮企業使用多少債務時,要做的第一件事就是同時考慮其現金和債務。
See our latest analysis for Hengxin Shambala CultureLtd
查看我們對 Hengxin Shambala CultureLtd 的最新分析
What Is Hengxin Shambala CultureLtd's Debt?
恒信香巴拉文化有限公司的債務是什麼?
The image below, which you can click on for greater detail, shows that Hengxin Shambala CultureLtd had debt of CN¥101.8m at the end of September 2023, a reduction from CN¥168.9m over a year. But it also has CN¥209.3m in cash to offset that, meaning it has CN¥107.4m net cash.
你可以點擊下圖了解更多詳情,該圖片顯示,截至2023年9月底,恒信香巴拉文化有限公司的債務爲1.018億元人民幣,低於一年的1.689億元人民幣。但它也有2.093億元人民幣的現金可以抵消這一點,這意味着它有1.074億元人民幣的淨現金。
A Look At Hengxin Shambala CultureLtd's Liabilities
看看恒信香巴拉文化有限公司的負債
We can see from the most recent balance sheet that Hengxin Shambala CultureLtd had liabilities of CN¥292.4m falling due within a year, and liabilities of CN¥34.4m due beyond that. On the other hand, it had cash of CN¥209.3m and CN¥129.6m worth of receivables due within a year. So it can boast CN¥12.1m more liquid assets than total liabilities.
我們可以從最新的資產負債表中看出,恒信香巴拉文化有限公司在一年內到期的負債爲2.924億元人民幣,此後到期的負債爲3,440萬元人民幣。另一方面,它在一年內有2.093億元人民幣的現金和價值1.296億元人民幣的應收賬款。因此,它的流動資產可以比之多出1,210萬元人民幣 總 負債。
Having regard to Hengxin Shambala CultureLtd's size, it seems that its liquid assets are well balanced with its total liabilities. So it's very unlikely that the CN¥6.24b company is short on cash, but still worth keeping an eye on the balance sheet. Succinctly put, Hengxin Shambala CultureLtd boasts net cash, so it's fair to say it does not have a heavy debt load! There's no doubt that we learn most about debt from the balance sheet. But it is Hengxin Shambala CultureLtd's earnings that will influence how the balance sheet holds up in the future. So if you're keen to discover more about its earnings, it might be worth checking out this graph of its long term earnings trend.
考慮到恒信香巴拉文化有限公司的規模,其流動資產與總負債似乎非常平衡。因此,這家62.4億元人民幣的公司不太可能出現現金短缺,但仍值得關注資產負債表。簡而言之,Hengxin Shambala CulturelTD擁有淨現金,因此可以公平地說,它沒有沉重的債務負擔!毫無疑問,我們從資產負債表中學到的關於債務的知識最多。但是,影響未來資產負債表表現的是恒信香巴拉文化有限公司的收益。因此,如果你想進一步了解其收益,可能值得看看這張長期收益趨勢圖。
In the last year Hengxin Shambala CultureLtd wasn't profitable at an EBIT level, but managed to grow its revenue by 97%, to CN¥594m. Shareholders probably have their fingers crossed that it can grow its way to profits.
去年,恒信香巴拉文化有限公司在息稅前利潤水平上沒有實現盈利,但收入成功增長了97%,達到5.94億元人民幣。股東們可能對它能夠以增長的方式獲利感到不安。
So How Risky Is Hengxin Shambala CultureLtd?
那麼 Hengxin Shambala CulturelTd 有多危險?
Statistically speaking companies that lose money are riskier than those that make money. And we do note that Hengxin Shambala CultureLtd had an earnings before interest and tax (EBIT) loss, over the last year. And over the same period it saw negative free cash outflow of CN¥161m and booked a CN¥396m accounting loss. Given it only has net cash of CN¥107.4m, the company may need to raise more capital if it doesn't reach break-even soon. With very solid revenue growth in the last year, Hengxin Shambala CultureLtd may be on a path to profitability. Pre-profit companies are often risky, but they can also offer great rewards. There's no doubt that we learn most about debt from the balance sheet. But ultimately, every company can contain risks that exist outside of the balance sheet. These risks can be hard to spot. Every company has them, and we've spotted 2 warning signs for Hengxin Shambala CultureLtd (of which 1 makes us a bit uncomfortable!) 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。我們確實注意到,恒信香巴拉文化有限公司去年出現了息稅前收益(EBIT)虧損。同期,它的自由現金流出爲負1.61億元人民幣,會計虧損爲3.96億元人民幣。鑑於該公司只有1.074億元人民幣的淨現金,如果不能很快達到收支平衡,則可能需要籌集更多資金。由於去年收入增長非常穩健,恒信香巴拉文化有限公司可能走上盈利之路。營利前公司通常有風險,但它們也可以提供豐厚的回報。毫無疑問,我們從資產負債表中學到的關於債務的知識最多。但歸根結底,每家公司都可以控制資產負債表之外的風險。這些風險可能很難發現。每家公司都有它們,我們發現了 Hengxin Shambala CulturelTd 的 2 個警告信號(其中 1 個讓我們有點不舒服!)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。
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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。