Guangzhou Sanfu New Materials TechnologyLtd (SHSE:688359) Is Carrying A Fair Bit Of Debt
Guangzhou Sanfu New Materials TechnologyLtd (SHSE:688359) Is Carrying A Fair Bit Of Debt
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of permanent loss is the risk I worry about... and every practical investor I know worries about.' 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, Guangzhou Sanfu New Materials Technology Co.,Ltd (SHSE:688359) does carry debt. But is this debt a concern to shareholders?
霍华德·马克斯说得好,他说的不是担心股价的波动,而是 “永久损失的可能性是我担心的风险... 也是我认识的每位实际投资者所担心的风险。”因此,很明显,当你考虑任何给定股票的风险时,你需要考虑债务,因为过多的债务会使公司陷入困境。重要的是,广州三福新材料科技有限公司, Ltd(上海证券交易所代码:688359)确实有债务。但是这笔债务是股东关心的问题吗?
When Is Debt A Problem?
债务何时会成为问题?
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 common (but still painful) scenario is that it has to raise new equity capital at a low price, thus permanently diluting shareholders. Having said that, the most common situation is where a company manages its debt reasonably well - and to its own advantage. The first step when considering a company's debt levels is to consider its cash and debt together.
当企业无法通过自由现金流或以有吸引力的价格筹集资金来轻松履行这些义务时,债务和其他负债就会变得有风险。如果情况变得非常糟糕,贷款人可以控制业务。但是,更常见(但仍然令人痛苦)的情况是它必须以低价筹集新的股权资本,从而永久稀释股东。话虽如此,最常见的情况是公司合理地管理债务,这也是为了自己的利益。在考虑公司的债务水平时,第一步是将现金和债务放在一起考虑。
How Much Debt Does Guangzhou Sanfu New Materials TechnologyLtd Carry?
广州三福新材料科技有限公司背负了多少债务?
As you can see below, at the end of September 2023, Guangzhou Sanfu New Materials TechnologyLtd had CN¥234.1m of debt, up from CN¥57.4m a year ago. Click the image for more detail. However, because it has a cash reserve of CN¥71.0m, its net debt is less, at about CN¥163.0m.
如下所示,截至2023年9月底,广州三福新材料科技有限公司的债务为2.341亿元人民币,高于去年同期的5,740万元人民币。点击图片查看更多细节。但是,由于其现金储备为7,100万元人民币,其净负债较少,约为1.630亿元人民币。
![debt-equity-history-analysis](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240213/0-4ba8bf846aa7ada603dd486daa631114-0-e156d2e5c2e3c475873f1db208c52314.png/big)
How Strong Is Guangzhou Sanfu New Materials TechnologyLtd's Balance Sheet?
广州三福新材料科技有限公司的资产负债表有多强?
The latest balance sheet data shows that Guangzhou Sanfu New Materials TechnologyLtd had liabilities of CN¥338.7m due within a year, and liabilities of CN¥121.9m falling due after that. On the other hand, it had cash of CN¥71.0m and CN¥304.8m worth of receivables due within a year. So its liabilities total CN¥84.8m more than the combination of its cash and short-term receivables.
最新的资产负债表数据显示,广州三福新材料科技有限公司的负债为3.387亿元人民币,此后到期的负债为1.219亿元人民币。另一方面,它有一年内到期的现金为7,100万元人民币和价值3.048亿元人民币的应收账款。因此,其负债总额比其现金和短期应收账款的总额高出8,480万元人民币。
Having regard to Guangzhou Sanfu New Materials TechnologyLtd's size, it seems that its liquid assets are well balanced with its total liabilities. So it's very unlikely that the CN¥4.53b company is short on cash, but still worth keeping an eye on the balance sheet. The balance sheet is clearly the area to focus on when you are analysing debt. But you can't view debt in total isolation; since Guangzhou Sanfu New Materials TechnologyLtd will need earnings to service that debt. 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.
考虑到广州三福新材料科技有限公司的规模,其流动资产与总负债的平衡似乎良好。因此,这家45.3亿元人民币的公司现金短缺的可能性很小,但仍然值得关注资产负债表。资产负债表显然是分析债务时需要关注的领域。但是你不能完全孤立地看待债务;因为广州三福新材料科技有限公司需要收益来偿还债务。因此,如果你想进一步了解其收益,可能值得看看这张长期收益趋势图。
In the last year Guangzhou Sanfu New Materials TechnologyLtd wasn't profitable at an EBIT level, but managed to grow its revenue by 12%, to CN¥420m. That rate of growth is a bit slow for our taste, but it takes all types to make a world.
去年,广州三福新材料科技有限公司在息税前利润水平上没有盈利,但其收入增长了12%,达到4.2亿元人民币。这种增长速度对我们的口味来说有点慢,但要创造一个世界需要所有类型。
Caveat Emptor
Caveat Emptor
Over the last twelve months Guangzhou Sanfu New Materials TechnologyLtd produced an earnings before interest and tax (EBIT) loss. Indeed, it lost CN¥46m at the EBIT level. Considering that alongside the liabilities mentioned above does not give us much confidence that company should be using so much debt. Quite frankly we think the balance sheet is far from match-fit, although it could be improved with time. Another cause for caution is that is bled CN¥97m in negative free cash flow over the last twelve months. So suffice it to say we do consider the stock to be risky. The balance sheet is clearly the area to focus on when you are analysing debt. But ultimately, every company can contain risks that exist outside of the balance sheet. For instance, we've identified 2 warning signs for Guangzhou Sanfu New Materials TechnologyLtd (1 is a bit unpleasant) you should be aware of.
在过去的十二个月中,广州三福新材料科技有限公司出现了息税前收益(EBIT)亏损。事实上,它在息税前利润水平上损失了4600万元人民币。考虑到除了上述负债外,我们对公司应该使用如此多的债务没有太大的信心。坦率地说,我们认为资产负债表远非匹配,尽管可以随着时间的推移而改善。另一个需要谨慎的原因是,在过去的十二个月中,自由现金流为负9700万元人民币。因此,只要说我们确实认为这只股票有风险就足够了。资产负债表显然是分析债务时需要关注的领域。但归根结底,每家公司都可以控制资产负债表之外存在的风险。例如,我们已经确定了广州三福新材料科技有限公司的两个警告标志(其中一个有点不愉快),你应该注意。
When all is said and done, sometimes its easier to focus on companies that don't even need debt. Readers can access a list of growth stocks with zero net debt 100% free, right now.
当一切都说完之后,有时更容易将注意力集中在甚至不需要债务的公司上。读者现在可以100%免费访问净负债为零的成长型股票清单。
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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。