Montrose Environmental Group (NYSE:MEG) Is Carrying A Fair Bit Of Debt
Montrose Environmental Group (NYSE:MEG) Is Carrying A Fair Bit Of Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the permanent loss of capital.' So it seems the smart money knows that debt - which is usually involved in bankruptcies - is a very important factor, when you assess how risky a company is. Importantly, Montrose Environmental Group, Inc. (NYSE:MEG) does carry debt. But the real question is whether this debt is making the company risky.
David Iben说得很好:“波动性并不是我们关心的风险。我们关心的是避免永久的资本损失。”因此,明智的投资者知道,债务通常涉及破产,是评估一家公司风险性的一个非常重要的因素。值得注意的是,Montrose Environmental Group, Inc. (纽交所:MEG)确实有债务。但真正的问题是这些债务是否使公司具有风险。
What Risk Does Debt Bring?
债务带来了什么风险?
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. 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. Of course, debt can be an important tool in businesses, particularly capital heavy businesses. The first step when considering a company's debt levels is to consider its cash and debt together.
一般而言,只有当公司无法轻松偿还债务时,债务才会成为真正的问题,或者说,无法通过发行股票或利用自己的现金流偿还债务。如果情况变得非常糟糕,那么债权人可以接管业务。但更常见(但同样昂贵)的情况是,公司必须以低廉的股票价格稀释股东以控制债务。当然,债务可以是企业中重要的工具,尤其是在资本密集型企业中。考虑公司的债务水平时的第一步是将其现金和债务一起考虑。
How Much Debt Does Montrose Environmental Group Carry?
Montrose Environmental Group负债多少?
You can click the graphic below for the historical numbers, but it shows that as of June 2024 Montrose Environmental Group had US$212.4m of debt, an increase on US$169.1m, over one year. However, it does have US$18.3m in cash offsetting this, leading to net debt of about US$194.1m.
您可以点击下面的图表查看历史数据,但它显示截至2024年6月,Montrose Environmental Group的债务为21240万美元,较去年增加了16910万美元。然而,它持有1830万美元的现金用以抵消,从而形成了净债务约为19410万美元。
![1724930573038](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240829/43063596-0-422dcf165a40e8f2115773dbbb85a309.webp/bigjpg)
A Look At Montrose Environmental Group's Liabilities
Montrose Environmental Group的负债情况一览
According to the last reported balance sheet, Montrose Environmental Group had liabilities of US$131.7m due within 12 months, and liabilities of US$270.5m due beyond 12 months. Offsetting this, it had US$18.3m in cash and US$208.9m in receivables that were due within 12 months. So its liabilities outweigh the sum of its cash and (near-term) receivables by US$175.0m.
根据最近披露的资产负债表,Montrose Environmental Group在12个月内的负债为美金13170万,超过12个月后到期的负债为美金27050万。抵消这些负债的是,它有1830万美元的现金和20890万美元的应收款,这些应收款在12个月内到期。因此,它的负债超过了现金和(短期)应收款的总和17500万美元。
Given Montrose Environmental Group has a market capitalization of US$1.12b, it's hard to believe these liabilities pose much threat. However, we do think it is worth keeping an eye on its balance sheet strength, as it may change over time. When analysing debt levels, the balance sheet is the obvious place to start. But ultimately the future profitability of the business will decide if Montrose Environmental Group 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.
考虑到Montrose Environmental Group目前的市值为11.2亿美元,很难相信这些负债会构成重大威胁。然而,我们认为值得密切关注其资产负债表的实力,因为随着时间的推移,情况可能会发生变化。在分析债务水平时,资产负债表是显而易见的起点。但最终,业务未来的盈利能力将决定Montrose Environmental Group能否加强其资产负债表。因此,如果您想了解专业人士的看法,可能会发现分析师盈利预测的免费报告对您很有趣。
Over 12 months, Montrose Environmental Group reported revenue of US$662m, which is a gain of 18%, although it did not report any earnings before interest and tax. We usually like to see faster growth from unprofitable companies, but each to their own.
在过去的12个月中,Montrose Environmental Group报告的营业收入为66200万美元,增长了18%,尽管它没有报告任何利息和税前收益。通常情况下我们希望看到未盈利公司有更快的增长,但各有所好。
Caveat Emptor
买方自负。
Importantly, Montrose Environmental Group had an earnings before interest and tax (EBIT) loss over the last year. Indeed, it lost US$18m at the EBIT level. When we look at that and recall the liabilities on its balance sheet, relative to cash, it seems unwise to us for the company to have any debt. So we think its balance sheet is a little strained, though not beyond repair. Another cause for caution is that is bled US$19m 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. However, not all investment risk resides within the balance sheet - far from it. To that end, you should be aware of the 3 warning signs we've spotted with Montrose Environmental Group .
重要的是,过去一年中Montrose Environmental Group在利息和税前收益(EBIT)上出现亏损。实际上,它在EBIT水平上亏损了1800万美元。当我们考虑到资产负债表上的负债相对于现金的情况时,对于公司有任何债务我们认为这是不明智的。因此,我们认为它的资产负债表有点吃紧,尽管不是无法修复的。另一个需要注意的原因是,过去12个月该公司的自由现金流出现了1900万美元的负向流出。因此,我们可以说我们认为该股票存在风险。在分析债务时,资产负债表显然是需要重点关注的区域。然而,并不是所有的投资风险都存在于资产负债表中,远非如此。因此,您应该注意我们已发现的Montrose Environmental Group的3个警示信号。
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.
如果在所有这些之后,您更感兴趣的是具有坚实资产负债表的快速增长公司,那么不要拖延,查看我们的净现金增长股票列表。
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