Is Wayzim Technology (SHSE:688211) Using Too Much Debt?
Is Wayzim Technology (SHSE:688211) Using Too Much 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, Wayzim Technology Co., Ltd. (SHSE:688211) does carry debt. But the more important question is: how much risk is that debt creating?
大卫·伊本说得好,他说:“波动性不是我们关心的风险。我们关心的是避免资本的永久损失。”因此,当你评估公司的风险时,看来聪明的货币知道债务(通常涉及破产)是一个非常重要的因素。重要的是,Wayzim科技有限公司(上海证券交易所代码:688211)确实有债务。但更重要的问题是:这笔债务会带来多大的风险?
What Risk Does Debt Bring?
债务会带来什么风险?
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. Part and parcel of capitalism is the process of 'creative destruction' where failed businesses are mercilessly liquidated by their bankers. 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. 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.
当企业无法轻易履行这些义务时,无论是通过自由现金流还是以诱人的价格筹集资金,债务和其他负债就会面临风险。资本主义的重要部分是 “创造性破坏” 的过程,在这个过程中,倒闭的企业被银行家无情地清算。但是,更常见(但仍然昂贵)的情况是,公司必须以低廉的股价稀释股东,这样才能控制债务。话虽如此,最常见的情况是公司合理地管理债务,而且对自己有利。考虑公司债务水平的第一步是将其现金和债务放在一起考虑。
How Much Debt Does Wayzim Technology Carry?
Wayzim Technology 背负了多少债务?
The image below, which you can click on for greater detail, shows that Wayzim Technology had debt of CN¥20.0m at the end of September 2023, a reduction from CN¥119.7m over a year. But it also has CN¥1.67b in cash to offset that, meaning it has CN¥1.65b net cash.
你可以点击下图查看更多细节,该图片显示,截至2023年9月底,Wayzim Technology的债务为2,000万元人民币,较一年内的1.197亿元人民币有所减少。但它也有16.7亿元的现金来抵消这一点,这意味着它的净现金为16.5亿元人民币。
![debt-equity-history-analysis](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240227/0-c316b4c9e6bf23321b0720015eed1818-0-5158d813675097211de31550e02fdab5.png/big)
How Strong Is Wayzim Technology's Balance Sheet?
Wayzim Technology 的资产负债表有多强?
The latest balance sheet data shows that Wayzim Technology had liabilities of CN¥2.99b due within a year, and liabilities of CN¥225.6m falling due after that. Offsetting this, it had CN¥1.67b in cash and CN¥684.8m in receivables that were due within 12 months. So it has liabilities totalling CN¥852.1m more than its cash and near-term receivables, combined.
最新的资产负债表数据显示,Wayzim Technology的负债为29.9亿元人民币,此后到期的负债为2.256亿元人民币。与此相抵消的是,它有16.7亿元的现金和6.848亿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8.521亿元人民币。
Since publicly traded Wayzim Technology shares are worth a total of CN¥4.40b, it seems unlikely that this level of liabilities would be a major threat. But there are sufficient liabilities that we would certainly recommend shareholders continue to monitor the balance sheet, going forward. Despite its noteworthy liabilities, Wayzim Technology boasts net cash, so it's fair to say it does not have a heavy debt load! The balance sheet is clearly the area to focus on when you are analysing debt. But ultimately the future profitability of the business will decide if Wayzim Technology 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.
由于公开交易的Wayzim Technology股票总价值为440亿元人民币,因此这种负债水平似乎不太可能构成重大威胁。但是,有足够的负债,我们肯定会建议股东今后继续监督资产负债表。尽管负债值得关注,但Wayzim Technology拥有净现金,因此可以公平地说,它没有沉重的债务负担!资产负债表显然是分析债务时需要关注的领域。但最终,该业务未来的盈利能力将决定Wayzim Technology能否随着时间的推移加强其资产负债表。因此,如果你想看看专业人士的想法,你可能会发现这份关于分析师利润预测的免费报告很有趣。
Over 12 months, Wayzim Technology made a loss at the EBIT level, and saw its revenue drop to CN¥2.2b, which is a fall of 3.5%. We would much prefer see growth.
在过去的12个月中,Wayzim Technology在息税前利润水平上出现亏损,收入降至22亿元人民币,下降了3.5%。我们更希望看到增长。
So How Risky Is Wayzim Technology?
那么 Wayzim Technology 的风险有多大?
Statistically speaking companies that lose money are riskier than those that make money. And the fact is that over the last twelve months Wayzim Technology lost money at the earnings before interest and tax (EBIT) line. And over the same period it saw negative free cash outflow of CN¥214m and booked a CN¥156m accounting loss. With only CN¥1.65b on the balance sheet, it would appear that its going to need to raise capital again soon. Summing up, we're a little skeptical of this one, as it seems fairly risky in the absence of free cashflow. 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. We've identified 1 warning sign with Wayzim Technology , and understanding them should be part of your investment process.
从统计学上讲,亏损的公司比赚钱的公司风险更大。事实是,在过去的十二个月中,Wayzim Technology的息税前收益(EBIT)额度出现了亏损。同期,它的自由现金流出为负2.14亿元人民币,会计亏损为1.56亿元人民币。由于资产负债表上只有16.5亿元人民币,看来它需要很快再次筹集资金。总而言之,我们对这个有点怀疑,因为在没有自由现金流的情况下,这似乎相当危险。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。我们已经确定了Wayzim Technology的1个警告信号,了解它们应该是您投资过程的一部分。
Of course, if you're the type of investor who prefers buying stocks without the burden of debt, then don't hesitate to discover our exclusive list of net cash growth stocks, today.
当然,如果你是那种喜欢在没有债务负担的情况下购买股票的投资者,那么请立即查看我们的独家净现金增长股票清单。
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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。