<p>即使一家公司在亏损，股东也有可能通过以合适的价格购买一家优秀的企业而获利。例如，生物技术和矿业勘探公司在找到新的治疗方法或矿物发现之前，往往会亏损多年。但残酷的现实是，许多亏损公司会耗尽所有现金并破产。</p>
<p>那么，<strong>UT 斯达康</strong>（NASDAQ:UTSI）的股东是否应该担心其现金消耗？在本文中，我们将现金消耗定义为其年度（负）自由现金流，即公司每年用于资助其增长的资金。让我们先来审视一下该公司的现金与其现金消耗的关系。</p>
<p>特朗普承诺要 “释放” 美国的石油和天然气，这 15 只美国股票的发展有望受益。</p>
<h2>UT 斯达康的现金储备能维持多久？</h2>
<p>你可以通过将公司拥有的现金总额除以其消耗现金的速度来计算公司的现金储备。截至 2024 年 12 月，UT 斯达康拥有 4400 万美元的现金且没有债务。回顾过去一年，该公司消耗了 460 万美元的现金。因此，从 2024 年 12 月起，它的现金储备可以维持 9.6 年。尽管这只是公司现金消耗的一个衡量标准，但想到如此长的现金储备让我们感到安心。下图展示了其现金持有量随时间的变化。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/98492-debt-equity-history-analysis-1-dark-2/1751112372050?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/98492-debt-equity-history-analysis-1-dark-2/1751112372050"/></p>
<p>NasdaqGS:UTSI 债务与股本历史 2025 年 6 月 28 日</p>
<p>查看我们对 UT 斯达康的最新分析</p>
<h2>UT 斯达康的增长情况如何？</h2>
<p>总体来看，我们认为 UT 斯达康在过去 12 个月内将现金消耗减少了 2.5% 是略微积极的。然而，不幸的是，运营收入在此期间下降了 31%。考虑到这两个指标，我们对公司的发展有些担忧。实际上，本文仅对公司的增长数据进行了简要研究。这张历史收益和收入的图表展示了 UT 斯达康如何随着时间的推移建立其业务。</p>
<h2>UT 斯达康能否轻松筹集更多现金？</h2>
<p>在现金消耗方面，UT 斯达康似乎处于相对良好的位置，但我们仍然认为考虑它如果想要筹集更多资金的难易程度是值得的。发行新股或借债是上市公司为其业务筹集更多资金的最常见方式。许多公司最终会发行新股以资助未来的增长。通过将公司的年度现金消耗与其总市值进行比较，我们可以大致估算出它需要发行多少股份才能在相同的消耗率下再运营一年。</p>
<p>由于其市值为 2300 万美元，UT 斯达康的 460 万美元现金消耗约占其市场价值的 20%。鉴于这种情况，可以公平地说，该公司在为增长筹集更多现金方面不会遇到太大困难，但股东的股份会有所稀释。</p>
<h2>UT 斯达康的现金消耗情况有多风险？</h2>
<p>在对 UT 斯达康现金消耗的分析中，我们认为其现金储备令人安心，但其收入下降让我们有些担忧。现金消耗的公司总是处于风险较高的一方，但在考虑到本文讨论的所有因素后，我们对其现金消耗的速度并不太担心。读者在投资股票之前需要对商业风险有清晰的理解，我们发现了 <strong>UT 斯达康的 1 个警示信号</strong>，潜在股东在投资前应考虑这一点。</p>
<p>如果你更愿意查看其他基本面更好的公司，请不要错过这份 <strong>免费</strong> 的有趣公司名单，这些公司具有高股本回报率和低债务，或者这份所有预计将增长的股票名单。</p>

UT斯达康

<p>UT 斯达康（NASDAQ:UTSI）拥有 9.6 年的现金储备，现金总额为 4400 万美元，年现金消耗为 460 万美元。尽管现金消耗减少了 2.5%，但公司运营收入却下降了 31%，引发了对其增长的担忧。虽然公司可以通过发行股票或债务筹集更多资金，但这将稀释现有股东的权益。总体而言，现金消耗情况似乎可控，但潜在投资者在投资前应注意相关风险和一个警示信号</p>

<p>Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the right price. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt.</p>
<div class="lb-trans"><p>即使一家公司在亏损，股东也有可能通过以合适的价格购买一家优秀的企业而获利。例如，生物技术和矿业勘探公司在找到新的治疗方法或矿物发现之前，往往会亏损多年。但残酷的现实是，许多亏损公司会耗尽所有现金并破产。</p>
</div><p>So should <strong>UTStarcom Holdings</strong> (NASDAQ:UTSI) shareholders be worried about its cash burn? In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. Let's start with an examination of the business' cash, relative to its cash burn.</p>
<div class="lb-trans"><p>那么，<strong>UT 斯达康</strong>（NASDAQ:UTSI）的股东是否应该担心其现金消耗？在本文中，我们将现金消耗定义为其年度（负）自由现金流，即公司每年用于资助其增长的资金。让我们先来审视一下该公司的现金与其现金消耗的关系。</p>
</div><p>Trump has pledged to &#34;unleash&#34; American oil and gas and these 15 US stocks have developments that are poised to benefit.</p>
<div class="lb-trans"><p>特朗普承诺要 “释放” 美国的石油和天然气，这 15 只美国股票的发展有望受益。</p>
</div><h2>How Long Is UTStarcom Holdings' Cash Runway?</h2>
<div class="lb-trans"><h2>UT 斯达康的现金储备能维持多久？</h2>
</div><p>You can calculate a company's cash runway by dividing the amount of cash it has by the rate at which it is spending that cash. As at December 2024, UTStarcom Holdings had cash of US$44m and no debt. Looking at the last year, the company burnt through US$4.6m. Therefore, from December 2024 it had 9.6 years of cash runway. Even though this is but one measure of the company's cash burn, the thought of such a long cash runway warms our bellies in a comforting way. Depicted below, you can see how its cash holdings have changed over time.</p>
<div class="lb-trans"><p>你可以通过将公司拥有的现金总额除以其消耗现金的速度来计算公司的现金储备。截至 2024 年 12 月，UT 斯达康拥有 4400 万美元的现金且没有债务。回顾过去一年，该公司消耗了 460 万美元的现金。因此，从 2024 年 12 月起，它的现金储备可以维持 9.6 年。尽管这只是公司现金消耗的一个衡量标准，但想到如此长的现金储备让我们感到安心。下图展示了其现金持有量随时间的变化。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/98492-debt-equity-history-analysis-1-dark-2/1751112372050" alt="" original-src="https://images.simplywall.st/asset/chart/98492-debt-equity-history-analysis-1-dark-2/1751112372050"/></p>
<p>NasdaqGS:UTSI Debt to Equity History June 28th 2025</p>
<div class="lb-trans"><p>NasdaqGS:UTSI 债务与股本历史 2025 年 6 月 28 日</p>
</div><p>Check out our latest analysis for UTStarcom Holdings</p>
<div class="lb-trans"><p>查看我们对 UT 斯达康的最新分析</p>
</div><h2>How Well Is UTStarcom Holdings Growing?</h2>
<div class="lb-trans"><h2>UT 斯达康的增长情况如何？</h2>
</div><p>On balance, we think it's mildly positive that UTStarcom Holdings trimmed its cash burn by 2.5% over the last twelve months. Unfortunately, however, operating revenue declined by 31% during the period. Considering both these metrics, we're a little concerned about how the company is developing. In reality, this article only makes a short study of the company's growth data. This graph of historic earnings and revenue shows how UTStarcom Holdings is building its business over time.</p>
<div class="lb-trans"><p>总体来看，我们认为 UT 斯达康在过去 12 个月内将现金消耗减少了 2.5% 是略微积极的。然而，不幸的是，运营收入在此期间下降了 31%。考虑到这两个指标，我们对公司的发展有些担忧。实际上，本文仅对公司的增长数据进行了简要研究。这张历史收益和收入的图表展示了 UT 斯达康如何随着时间的推移建立其业务。</p>
</div><h2>Can UTStarcom Holdings Raise More Cash Easily?</h2>
<div class="lb-trans"><h2>UT 斯达康能否轻松筹集更多现金？</h2>
</div><p>UTStarcom Holdings seems to be in a fairly good position, in terms of cash burn, but we still think it's worthwhile considering how easily it could raise more money if it wanted to. Issuing new shares, or taking on debt, are the most common ways for a listed company to raise more money for its business. Many companies end up issuing new shares to fund future growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate).</p>
<div class="lb-trans"><p>在现金消耗方面，UT 斯达康似乎处于相对良好的位置，但我们仍然认为考虑它如果想要筹集更多资金的难易程度是值得的。发行新股或借债是上市公司为其业务筹集更多资金的最常见方式。许多公司最终会发行新股以资助未来的增长。通过将公司的年度现金消耗与其总市值进行比较，我们可以大致估算出它需要发行多少股份才能在相同的消耗率下再运营一年。</p>
</div><p>Since it has a market capitalisation of US$23m, UTStarcom Holdings' US$4.6m in cash burn equates to about 20% of its market value. Given that situation, it's fair to say the company wouldn't have much trouble raising more cash for growth, but shareholders would be somewhat diluted.</p>
<div class="lb-trans"><p>由于其市值为 2300 万美元，UT 斯达康的 460 万美元现金消耗约占其市场价值的 20%。鉴于这种情况，可以公平地说，该公司在为增长筹集更多现金方面不会遇到太大困难，但股东的股份会有所稀释。</p>
</div><h2>How Risky Is UTStarcom Holdings' Cash Burn Situation?</h2>
<div class="lb-trans"><h2>UT 斯达康的现金消耗情况有多风险？</h2>
</div><p>On this analysis of UTStarcom Holdings' cash burn, we think its cash runway was reassuring, while its falling revenue has us a bit worried. Cash burning companies are always on the riskier side of things, but after considering all of the factors discussed in this short piece, we're not too worried about its rate of cash burn. Readers need to have a sound understanding of business risks before investing in a stock, and we've spotted <strong>1 warning sign for UTStarcom Holdings</strong> that potential shareholders should take into account before putting money into a stock.</p>
<div class="lb-trans"><p>在对 UT 斯达康现金消耗的分析中，我们认为其现金储备令人安心，但其收入下降让我们有些担忧。现金消耗的公司总是处于风险较高的一方，但在考虑到本文讨论的所有因素后，我们对其现金消耗的速度并不太担心。读者在投资股票之前需要对商业风险有清晰的理解，我们发现了 <strong>UT 斯达康的 1 个警示信号</strong>，潜在股东在投资前应考虑这一点。</p>
</div><p>If you would prefer to check out another company with better fundamentals, then do not miss this <strong>free</strong> list of interesting companies, that have HIGH return on equity and low debt or this list of stocks which are all forecast to grow.</p>
<div class="lb-trans"><p>如果你更愿意查看其他基本面更好的公司，请不要错过这份 <strong>免费</strong> 的有趣公司名单，这些公司具有高股本回报率和低债务，或者这份所有预计将增长的股票名单。</p>
</div>

我们对 UT 斯达康控股公司（NASDAQ: UTSI）的现金消耗率并不十分担忧