<p>由伯克希尔哈撒韦的查理·芒格支持的外部基金经理李璐直言不讳地表示：“最大的投资风险不是价格的波动，而是你是否会遭受永久性的资本损失。” 在审视一家公司的风险时，考虑其资产负债表是很自然的，因为企业倒闭时往往涉及债务。与许多其他公司一样，<strong>Hooker Furnishings Corporation</strong>（纳斯达克：HOFT）也利用债务。但这种债务对股东来说是否构成担忧？</p>
<p>特朗普承诺要 “释放” 美国的石油和天然气，这 15 只美国股票的发展将受益。</p>
<h2>债务何时危险？</h2>
<p>债务在企业能够偿还时是有助益的，无论是通过新资本还是自由现金流。最终，如果公司无法履行偿还债务的法律义务，股东可能会一无所获。然而，更常见（但仍然痛苦）的情况是，公司不得不以低价筹集新股本，从而永久性稀释股东的权益。当然，债务在企业中可以是一个重要的工具，特别是在资本密集型企业中。当我们审视债务水平时，首先考虑的是现金和债务水平的结合。</p>
<h2>Hooker Furnishings 的债务是多少？</h2>
<p>下图（您可以点击以查看更详细信息）显示，Hooker Furnishings 在 2025 年 8 月底的债务为 523 万美元，较一年前的 2220 万美元有所减少。另一方面，它有 82.1 万美元的现金，导致净债务约为 440 万美元。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/3158355-debt-equity-history-analysis-1-dark-2/1759583132823?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/3158355-debt-equity-history-analysis-1-dark-2/1759583132823"/></p>
<p>纳斯达克 GS:HOFT 债务与股本历史 2025 年 10 月 4 日</p>
<h2>Hooker Furnishings 的资产负债表有多强？</h2>
<p>根据最后报告的资产负债表，Hooker Furnishings 在 12 个月内的负债为 3610 万美元，12 个月后到期的负债为 4880 万美元。另一方面，它有 82.1 万美元的现金和 4140 万美元的应收账款（在一年内到期）。因此，其负债超过现金和（短期）应收账款总和 4270 万美元。</p>
<p>Hooker Furnishings 的市值为 1.102 亿美元，因此如果需要，它很可能能够筹集资金以改善其资产负债表。但显然，我们应该密切关注它是否能够在不稀释股东权益的情况下管理其债务。资产负债表显然是分析债务时的重点。但最终，企业的未来盈利能力将决定 Hooker Furnishings 是否能够随着时间的推移增强其资产负债表。因此，如果您关注未来，可以查看这份 <strong>免费</strong> 报告，了解分析师的盈利预测。</p>
<p>查看我们对 Hooker Furnishings 的最新分析</p>
<p>在过去的 12 个月里，Hooker Furnishings 在息税前利润（EBIT）层面上出现了亏损，收入降至 3.76 亿美元，下降了 6.3%。我们更希望看到增长。</p>
<h2>投资者须知</h2>
<p>在过去的 12 个月里，Hooker Furnishings 产生了息税前利润（EBIT）亏损。实际上，它在 EBIT 层面上损失了非常可观的 1500 万美元。考虑到上述负债，这并没有给我们信心，认为公司应该使用如此多的债务。坦率地说，我们认为资产负债表远未达到适合的状态，尽管随着时间的推移可能会有所改善。然而，过去一年它消耗了 1400 万美元的现金，这并没有帮助。因此，简而言之，这是一只非常高风险的股票。在分析债务水平时，资产负债表显然是起点。然而，并非所有投资风险都存在于资产负债表中，远非如此。为此，您应该注意我们发现的 <strong>一个警告信号</strong>，与 Hooker Furnishings 有关。</p>
<p>如果您有兴趣投资那些能够在没有债务负担的情况下增长利润的企业，请查看这份 <strong>免费</strong> 的净现金增长企业名单。</p>

胡克家具

<p>Hooker Furnishings（纳斯达克代码：HOFT）已将其债务从 2220 万美元减少至 523 万美元，但仍面临总计 8490 万美元的重大负债，而现金仅为 821,000 美元，应收账款为 4140 万美元。该公司在息税前利润（EBIT）层面报告了 1500 万美元的亏损，过去一年收入下降 6.3%，降至 3.76 亿美元。分析师对公司在不稀释股东权益的情况下管理债务的能力表示担忧，认为这是一项风险较高的投资</p>

<p>The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' It's only natural to consider a company's balance sheet when you examine how risky it is, since debt is often involved when a business collapses. As with many other companies <strong>Hooker Furnishings Corporation</strong> (NASDAQ:HOFT) makes use of debt. But is this debt a concern to shareholders?</p>
<div class="lb-trans"><p>由伯克希尔哈撒韦的查理·芒格支持的外部基金经理李璐直言不讳地表示：“最大的投资风险不是价格的波动，而是你是否会遭受永久性的资本损失。” 在审视一家公司的风险时，考虑其资产负债表是很自然的，因为企业倒闭时往往涉及债务。与许多其他公司一样，<strong>Hooker Furnishings Corporation</strong>（纳斯达克：HOFT）也利用债务。但这种债务对股东来说是否构成担忧？</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 只美国股票的发展将受益。</p>
</div><h2>When Is Debt Dangerous?</h2>
<div class="lb-trans"><h2>债务何时危险？</h2>
</div><p>Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow. Ultimately, if the company can't fulfill its legal obligations to repay debt, shareholders could walk away with nothing. 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. Of course, debt can be an important tool in businesses, particularly capital heavy businesses. When we examine debt levels, we first consider both cash and debt levels, together.</p>
<div class="lb-trans"><p>债务在企业能够偿还时是有助益的，无论是通过新资本还是自由现金流。最终，如果公司无法履行偿还债务的法律义务，股东可能会一无所获。然而，更常见（但仍然痛苦）的情况是，公司不得不以低价筹集新股本，从而永久性稀释股东的权益。当然，债务在企业中可以是一个重要的工具，特别是在资本密集型企业中。当我们审视债务水平时，首先考虑的是现金和债务水平的结合。</p>
</div><h2>What Is Hooker Furnishings's Debt?</h2>
<div class="lb-trans"><h2>Hooker Furnishings 的债务是多少？</h2>
</div><p>The image below, which you can click on for greater detail, shows that Hooker Furnishings had debt of US$5.23m at the end of August 2025, a reduction from US$22.2m over a year. On the flip side, it has US$821.0k in cash leading to net debt of about US$4.40m.</p>
<div class="lb-trans"><p>下图（您可以点击以查看更详细信息）显示，Hooker Furnishings 在 2025 年 8 月底的债务为 523 万美元，较一年前的 2220 万美元有所减少。另一方面，它有 82.1 万美元的现金，导致净债务约为 440 万美元。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/3158355-debt-equity-history-analysis-1-dark-2/1759583132823" alt="" original-src="https://images.simplywall.st/asset/chart/3158355-debt-equity-history-analysis-1-dark-2/1759583132823"/></p>
<p>NasdaqGS:HOFT Debt to Equity History October 4th 2025</p>
<div class="lb-trans"><p>纳斯达克 GS:HOFT 债务与股本历史 2025 年 10 月 4 日</p>
</div><h2>How Strong Is Hooker Furnishings' Balance Sheet?</h2>
<div class="lb-trans"><h2>Hooker Furnishings 的资产负债表有多强？</h2>
</div><p>According to the last reported balance sheet, Hooker Furnishings had liabilities of US$36.1m due within 12 months, and liabilities of US$48.8m due beyond 12 months. On the other hand, it had cash of US$821.0k and US$41.4m worth of receivables due within a year. So its liabilities outweigh the sum of its cash and (near-term) receivables by US$42.7m.</p>
<div class="lb-trans"><p>根据最后报告的资产负债表，Hooker Furnishings 在 12 个月内的负债为 3610 万美元，12 个月后到期的负债为 4880 万美元。另一方面，它有 82.1 万美元的现金和 4140 万美元的应收账款（在一年内到期）。因此，其负债超过现金和（短期）应收账款总和 4270 万美元。</p>
</div><p>Hooker Furnishings has a market capitalization of US$110.2m, so it could very likely raise cash to ameliorate its balance sheet, if the need arose. But it's clear that we should definitely closely examine whether it can manage its debt without dilution. 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 Hooker Furnishings can strengthen its balance sheet over time. So if you're focused on the future you can check out this <strong>free</strong> report showing analyst profit forecasts.</p>
<div class="lb-trans"><p>Hooker Furnishings 的市值为 1.102 亿美元，因此如果需要，它很可能能够筹集资金以改善其资产负债表。但显然，我们应该密切关注它是否能够在不稀释股东权益的情况下管理其债务。资产负债表显然是分析债务时的重点。但最终，企业的未来盈利能力将决定 Hooker Furnishings 是否能够随着时间的推移增强其资产负债表。因此，如果您关注未来，可以查看这份 <strong>免费</strong> 报告，了解分析师的盈利预测。</p>
</div><p>Check out our latest analysis for Hooker Furnishings</p>
<div class="lb-trans"><p>查看我们对 Hooker Furnishings 的最新分析</p>
</div><p>Over 12 months, Hooker Furnishings made a loss at the EBIT level, and saw its revenue drop to US$376m, which is a fall of 6.3%. We would much prefer see growth.</p>
<div class="lb-trans"><p>在过去的 12 个月里，Hooker Furnishings 在息税前利润（EBIT）层面上出现了亏损，收入降至 3.76 亿美元，下降了 6.3%。我们更希望看到增长。</p>
</div><h2>Caveat Emptor</h2>
<div class="lb-trans"><h2>投资者须知</h2>
</div><p>Over the last twelve months Hooker Furnishings produced an earnings before interest and tax (EBIT) loss. Indeed, it lost a very considerable US$15m 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. However, it doesn't help that it burned through US$14m of cash over the last year. So in short it's a really risky stock. When analysing debt levels, the balance sheet is the obvious place to start. However, not all investment risk resides within the balance sheet - far from it. To that end, you should be aware of the <strong>1 warning sign</strong> we've spotted with Hooker Furnishings .</p>
<div class="lb-trans"><p>在过去的 12 个月里，Hooker Furnishings 产生了息税前利润（EBIT）亏损。实际上，它在 EBIT 层面上损失了非常可观的 1500 万美元。考虑到上述负债，这并没有给我们信心，认为公司应该使用如此多的债务。坦率地说，我们认为资产负债表远未达到适合的状态，尽管随着时间的推移可能会有所改善。然而，过去一年它消耗了 1400 万美元的现金，这并没有帮助。因此，简而言之，这是一只非常高风险的股票。在分析债务水平时，资产负债表显然是起点。然而，并非所有投资风险都存在于资产负债表中，远非如此。为此，您应该注意我们发现的 <strong>一个警告信号</strong>，与 Hooker Furnishings 有关。</p>
</div><p>If you're interested in investing in businesses that can grow profits without the burden of debt, then check out this <strong>free</strong> list of growing businesses that have net cash on the balance sheet.</p>
<div class="lb-trans"><p>如果您有兴趣投资那些能够在没有债务负担的情况下增长利润的企业，请查看这份 <strong>免费</strong> 的净现金增长企业名单。</p>
</div>

胡克家具（NASDAQ:HOFT）是否负债过多？