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Here's Why Houpu Clean Energy Group (SZSE:300471) Can Afford Some Debt

Here's Why Houpu Clean Energy Group (SZSE:300471) Can Afford Some Debt

这就是厚浦清洁能源集团(深圳证券交易所代码:300471)能够负担部分债务的原因
Simply Wall St ·  01/01 22:20

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, Houpu Clean Energy Group Co., Ltd. (SZSE:300471) does carry debt. But is this debt a concern to shareholders?

沃伦·巴菲特曾说过一句名言:“波动性远非风险的代名词。”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,厚浦清洁能源集团有限公司(深圳证券交易所代码:300471)确实有债务。但是这笔债务是股东关心的问题吗?

Why Does Debt Bring Risk?

为什么债务会带来风险?

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. In the worst case scenario, a company can go bankrupt if it cannot pay its creditors. 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 thing to do when considering how much debt a business uses is to look at its cash and debt together.

当企业无法通过自由现金流或以诱人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成为风险。在最坏的情况下,如果公司无法向债权人付款,它可能会破产。但是,更常见(但仍然昂贵)的情况是,公司为了控制债务,必须以低廉的股价稀释股东。当然,债务可以成为企业的重要工具,尤其是资本密集型企业。在考虑企业使用多少债务时,要做的第一件事是同时考虑其现金和债务。

View our latest analysis for Houpu Clean Energy Group

查看我们对厚浦清洁能源集团的最新分析

What Is Houpu Clean Energy Group's Net Debt?

厚浦清洁能源集团的净负债是多少?

As you can see below, Houpu Clean Energy Group had CN¥292.7m of debt at September 2023, down from CN¥329.5m a year prior. However, because it has a cash reserve of CN¥270.1m, its net debt is less, at about CN¥22.6m.

如下所示,截至2023年9月,厚普清洁能源集团的债务为2.927亿元人民币,低于去年同期的3.295亿加元。但是,由于其现金储备为2.701亿元人民币,其净负债较少,约为2260万元人民币。

debt-equity-history-analysis
SZSE:300471 Debt to Equity History January 2nd 2024
SZSE: 300471 2024 年 1 月 2 日债务与股本比率的历史记录

A Look At Houpu Clean Energy Group's Liabilities

看看厚浦清洁能源集团的负债

Zooming in on the latest balance sheet data, we can see that Houpu Clean Energy Group had liabilities of CN¥969.3m due within 12 months and liabilities of CN¥111.8m due beyond that. Offsetting this, it had CN¥270.1m in cash and CN¥303.8m in receivables that were due within 12 months. So it has liabilities totalling CN¥507.2m more than its cash and near-term receivables, combined.

放大最新的资产负债表数据,我们可以看到,厚普清洁能源集团在12个月内到期的负债为9.693亿元人民币,之后到期的负债为1.118亿元人民币。与此相抵消的是,它有2.701亿元的现金和3.038亿元人民币的应收账款将在12个月内到期。因此,它的负债总额比现金和短期应收账款的总和多出5.072亿元人民币。

Given Houpu Clean Energy Group has a market capitalization of CN¥5.57b, 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. Carrying virtually no net debt, Houpu Clean Energy Group has a very light debt load indeed. There's no doubt that we learn most about debt from the balance sheet. But you can't view debt in total isolation; since Houpu Clean Energy Group will need earnings to service that debt. So when considering debt, it's definitely worth looking at the earnings trend. Click here for an interactive snapshot.

鉴于厚浦清洁能源集团的市值为557亿元人民币,很难相信这些负债会构成很大的威胁。但是,我们确实认为值得关注其资产负债表的实力,因为它可能会随着时间的推移而发生变化。厚浦清洁能源集团几乎没有净负债,债务负担确实很轻。毫无疑问,我们从资产负债表中学到的关于债务的知识最多。但是你不能完全孤立地看待债务;因为Houpu清洁能源集团需要收益来偿还债务。因此,在考虑债务时,绝对值得一看收益趋势。单击此处查看交互式快照。

Over 12 months, Houpu Clean Energy Group reported revenue of CN¥843m, which is a gain of 12%, although it did not report any earnings before interest and tax. That rate of growth is a bit slow for our taste, but it takes all types to make a world.

在过去的12个月中,厚浦清洁能源集团公布的收入为8.43亿元人民币,增长了12%,尽管它没有报告任何利息和税前收益。就我们的口味而言,这种增长速度有点慢,但要创造一个世界需要所有类型。

Caveat Emptor

Caveat Emptor

Over the last twelve months Houpu Clean Energy Group produced an earnings before interest and tax (EBIT) loss. To be specific the EBIT loss came in at CN¥85m. 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. We would feel better if it turned its trailing twelve month loss of CN¥99m into a profit. So to be blunt we do think it is risky. 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. Be aware that Houpu Clean Energy Group is showing 1 warning sign in our investment analysis , you should know about...

在过去的十二个月中,厚浦清洁能源集团出现了息税前收益(EBIT)亏损。具体而言,息税前利润亏损为8500万元人民币。考虑到这一点,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。如果它将过去十二个月的9900万元亏损转化为利润,我们会感觉更好。因此,坦率地说,我们确实认为这是有风险的。毫无疑问,我们从资产负债表中学到的关于债务的知识最多。但是,并非所有的投资风险都存在于资产负债表中,远非如此。请注意,厚浦清洁能源集团在我们的投资分析中显示了1个警告信号,您应该知道...

If you're interested in investing in businesses that can grow profits without the burden of debt, then check out this free list of growing businesses that have net cash on the balance sheet.

如果你有兴趣投资能够在没有债务负担的情况下增加利润的企业,请查看这份资产负债表上有净现金的成长型企业的免费清单。

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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.

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