<p>大卫·伊本说得很好，‘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性损失。’ 因此，当你考虑任何特定股票的风险时，考虑债务可能是显而易见的，因为过多的债务可能会使公司陷入困境。与许多其他公司一样，<strong>Sensata Technologies Holding plc</strong> (NYSE:ST) 也利用债务。但股东应该担心它的债务使用吗？</p>
<p>这项技术可能会取代计算机：发现 20 只正在努力使量子计算成为现实的股票。</p>
<h2>何时债务变得危险？</h2>
<p>一般来说，债务只有在公司无法轻松偿还时才会成为真正的问题，要么通过筹集资金，要么通过自身的现金流。在最坏的情况下，如果公司无法偿还债权人，可能会破产。然而，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权益，仅仅是为了控制债务。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，我们首先考虑现金和债务水平的结合。</p>
<h2>Sensata Technologies Holding 拥有多少债务？</h2>
<p>下图（您可以点击以获取更详细的信息）显示，Sensata Technologies Holding 在 2025 年 9 月的债务为 31.8 亿美元；与前一年大致相同。然而，由于它拥有 7.913 亿美元的现金储备，其净债务较低，约为 23.9 亿美元。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/82392972-debt-equity-history-analysis-1-dark-2/1766398295598?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/82392972-debt-equity-history-analysis-1-dark-2/1766398295598"/></p>
<p>NYSE:ST 债务与股本历史 2025 年 12 月 22 日</p>
<h2>看看 Sensata Technologies Holding 的负债情况</h2>
<p>最新的资产负债表数据显示，Sensata Technologies Holding 有 794.4 万美元的负债将在一年内到期，以及 35.6 亿美元的负债将在之后到期。抵消这一点的是，它拥有 7.913 亿美元的现金和 7.25 亿美元的应收账款，这些应收账款将在 12 个月内到期。因此，它的负债超过了现金和（短期）应收账款总和的 28.4 亿美元。</p>
<p>Sensata Technologies Holding 的市值为 49.4 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。但我们确实希望关注其债务带来的过多风险的迹象。</p>
<p>查看我们对 Sensata Technologies Holding 的最新分析</p>
<p>我们使用两个主要比率来告知我们关于债务水平相对于收益的信息。第一个是净债务除以息税折旧摊销前利润（EBITDA），第二个是息税前利润（EBIT）覆盖其利息支出的次数（或简称利息覆盖）。这种方法的优点在于，我们考虑了债务的绝对数量（通过净债务与 EBITDA 的比率）以及与该债务相关的实际利息支出（通过其利息覆盖比率）。</p>
<p>Sensata Technologies Holding 的债务是其 EBITDA 的 2.9 倍，而其 EBIT 覆盖利息支出 3.9 倍。综合来看，这意味着，尽管我们不希望看到债务水平上升，但我们认为它能够处理当前的杠杆。好消息是，Sensata Technologies Holding 在过去 12 个月中，EBIT 增长了 34%。这种增长就像母亲对新生儿的温暖拥抱，增强了公司的韧性，使其在管理债务时处于更强的位置。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。但未来的收益，尤其是，将决定 Sensata Technologies Holding 能否在未来保持健康的资产负债表。因此，如果你关注未来，可以查看这份 <strong>免费</strong> 报告，显示分析师的利润预测。</p>
<p>最后，企业需要自由现金流来偿还债务；会计利润并不足够。因此，合理的步骤是查看 EBIT 中与实际自由现金流相匹配的比例。在过去三年中，Sensata Technologies Holding 产生的自由现金流占其 EBIT 的 80%，远超我们的预期。这使其在需要偿还债务时处于良好位置。</p>
<h2>我们的观点</h2>
<p>Sensata Technologies Holding 将 EBIT 转化为自由现金流的能力表明，它可以轻松处理其债务，就像克里斯蒂亚诺·罗纳尔多对阵 14 岁以下的守门员时轻松进球一样。但从更严肃的角度来看，我们对其利息覆盖率有些担忧。综合考虑这些因素，Sensata Technologies Holding 似乎能够舒适地处理当前的债务水平。当然，虽然这种杠杆可以提高股本回报，但也带来了更多风险，因此值得关注。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。然而，并非所有投资风险都存在于资产负债表中——远非如此。<strong>我们已经识别出 Sensata Technologies Holding 的一个警告信号</strong>，理解这些信号应该是您投资过程的一部分。</p>
<p>说到底，有时关注那些根本不需要债务的公司更容易。读者可以立即访问一份 <strong>100% 免费</strong> 的零净债务成长股名单。</p>
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Sensata科技控股

<p>本文分析了 Sensata Technologies Holding（纽约证券交易所代码：ST）的财务健康状况，重点关注其债务水平。截至 2025 年 9 月，该公司的债务为 31.8 亿美元，现金为 7.913 亿美元，净债务为 23.9 亿美元。尽管负债超过现金和应收账款 28.4 亿美元，但该公司的市值为 49.4 亿美元，这表明如果需要的话，它可以筹集现金。Sensata 的债务是其 EBITDA 的 2.9 倍，利息覆盖率为 3.9 倍。该公司产生的自由现金流占其 EBIT 的 80%，表明它能够舒适地管理其债务</p>

<p>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 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. As with many other companies <strong>Sensata Technologies Holding plc</strong> (NYSE:ST) makes use of debt. But should shareholders be worried about its use of debt?</p>
<div class="lb-trans"><p>大卫·伊本说得很好，‘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性损失。’ 因此，当你考虑任何特定股票的风险时，考虑债务可能是显而易见的，因为过多的债务可能会使公司陷入困境。与许多其他公司一样，<strong>Sensata Technologies Holding plc</strong> (NYSE:ST) 也利用债务。但股东应该担心它的债务使用吗？</p>
</div><p>This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.</p>
<div class="lb-trans"><p>这项技术可能会取代计算机：发现 20 只正在努力使量子计算成为现实的股票。</p>
</div><h2>When Is Debt Dangerous?</h2>
<div class="lb-trans"><h2>何时债务变得危险？</h2>
</div><p>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. 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. When we examine debt levels, we first consider both cash and debt levels, together.</p>
<div class="lb-trans"><p>一般来说，债务只有在公司无法轻松偿还时才会成为真正的问题，要么通过筹集资金，要么通过自身的现金流。在最坏的情况下，如果公司无法偿还债权人，可能会破产。然而，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权益，仅仅是为了控制债务。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，我们首先考虑现金和债务水平的结合。</p>
</div><h2>How Much Debt Does Sensata Technologies Holding Carry?</h2>
<div class="lb-trans"><h2>Sensata Technologies Holding 拥有多少债务？</h2>
</div><p>The chart below, which you can click on for greater detail, shows that Sensata Technologies Holding had US$3.18b in debt in September 2025; about the same as the year before. However, because it has a cash reserve of US$791.3m, its net debt is less, at about US$2.39b.</p>
<div class="lb-trans"><p>下图（您可以点击以获取更详细的信息）显示，Sensata Technologies Holding 在 2025 年 9 月的债务为 31.8 亿美元；与前一年大致相同。然而，由于它拥有 7.913 亿美元的现金储备，其净债务较低，约为 23.9 亿美元。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/82392972-debt-equity-history-analysis-1-dark-2/1766398295598" alt="" original-src="https://images.simplywall.st/asset/chart/82392972-debt-equity-history-analysis-1-dark-2/1766398295598"/></p>
<p>NYSE:ST Debt to Equity History December 22nd 2025</p>
<div class="lb-trans"><p>NYSE:ST 债务与股本历史 2025 年 12 月 22 日</p>
</div><h2>A Look At Sensata Technologies Holding's Liabilities</h2>
<div class="lb-trans"><h2>看看 Sensata Technologies Holding 的负债情况</h2>
</div><p>The latest balance sheet data shows that Sensata Technologies Holding had liabilities of US$794.4m due within a year, and liabilities of US$3.56b falling due after that. Offsetting this, it had US$791.3m in cash and US$725.0m in receivables that were due within 12 months. So its liabilities outweigh the sum of its cash and (near-term) receivables by US$2.84b.</p>
<div class="lb-trans"><p>最新的资产负债表数据显示，Sensata Technologies Holding 有 794.4 万美元的负债将在一年内到期，以及 35.6 亿美元的负债将在之后到期。抵消这一点的是，它拥有 7.913 亿美元的现金和 7.25 亿美元的应收账款，这些应收账款将在 12 个月内到期。因此，它的负债超过了现金和（短期）应收账款总和的 28.4 亿美元。</p>
</div><p>Sensata Technologies Holding has a market capitalization of US$4.94b, so it could very likely raise cash to ameliorate its balance sheet, if the need arose. But we definitely want to keep our eyes open to indications that its debt is bringing too much risk.</p>
<div class="lb-trans"><p>Sensata Technologies Holding 的市值为 49.4 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。但我们确实希望关注其债务带来的过多风险的迹象。</p>
</div><p>Check out our latest analysis for Sensata Technologies Holding</p>
<div class="lb-trans"><p>查看我们对 Sensata Technologies Holding 的最新分析</p>
</div><p>We use two main ratios to inform us about debt levels relative to earnings. The first is net debt divided by earnings before interest, tax, depreciation, and amortization (EBITDA), while the second is how many times its earnings before interest and tax (EBIT) covers its interest expense (or its interest cover, for short). The advantage of this approach is that we take into account both the absolute quantum of debt (with net debt to EBITDA) and the actual interest expenses associated with that debt (with its interest cover ratio).</p>
<div class="lb-trans"><p>我们使用两个主要比率来告知我们关于债务水平相对于收益的信息。第一个是净债务除以息税折旧摊销前利润（EBITDA），第二个是息税前利润（EBIT）覆盖其利息支出的次数（或简称利息覆盖）。这种方法的优点在于，我们考虑了债务的绝对数量（通过净债务与 EBITDA 的比率）以及与该债务相关的实际利息支出（通过其利息覆盖比率）。</p>
</div><p>Sensata Technologies Holding's debt is 2.9 times its EBITDA, and its EBIT cover its interest expense 3.9 times over. Taken together this implies that, while we wouldn't want to see debt levels rise, we think it can handle its current leverage. The good news is that Sensata Technologies Holding grew its EBIT a smooth 34% over the last twelve months. Like a mother's loving embrace of a newborn that sort of growth builds resilience, putting the company in a stronger position to manage its debt. There's no doubt that we learn most about debt from the balance sheet. But it is future earnings, more than anything, that will determine Sensata Technologies Holding's ability to maintain a healthy balance sheet going forward. 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>Sensata Technologies Holding 的债务是其 EBITDA 的 2.9 倍，而其 EBIT 覆盖利息支出 3.9 倍。综合来看，这意味着，尽管我们不希望看到债务水平上升，但我们认为它能够处理当前的杠杆。好消息是，Sensata Technologies Holding 在过去 12 个月中，EBIT 增长了 34%。这种增长就像母亲对新生儿的温暖拥抱，增强了公司的韧性，使其在管理债务时处于更强的位置。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。但未来的收益，尤其是，将决定 Sensata Technologies Holding 能否在未来保持健康的资产负债表。因此，如果你关注未来，可以查看这份 <strong>免费</strong> 报告，显示分析师的利润预测。</p>
</div><p>Finally, a business needs free cash flow to pay off debt; accounting profits just don't cut it. So the logical step is to look at the proportion of that EBIT that is matched by actual free cash flow. During the last three years, Sensata Technologies Holding generated free cash flow amounting to a very robust 80% of its EBIT, more than we'd expect. That positions it well to pay down debt if desirable to do so.</p>
<div class="lb-trans"><p>最后，企业需要自由现金流来偿还债务；会计利润并不足够。因此，合理的步骤是查看 EBIT 中与实际自由现金流相匹配的比例。在过去三年中，Sensata Technologies Holding 产生的自由现金流占其 EBIT 的 80%，远超我们的预期。这使其在需要偿还债务时处于良好位置。</p>
</div><h2>Our View</h2>
<div class="lb-trans"><h2>我们的观点</h2>
</div><p>Sensata Technologies Holding's conversion of EBIT to free cash flow suggests it can handle its debt as easily as Cristiano Ronaldo could score a goal against an under 14's goalkeeper. But, on a more sombre note, we are a little concerned by its interest cover. All these things considered, it appears that Sensata Technologies Holding can comfortably handle its current debt levels. Of course, while this leverage can enhance returns on equity, it does bring more risk, so it's worth keeping an eye on this one. 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. <strong>We've identified 1 warning sign</strong> with Sensata Technologies Holding , and understanding them should be part of your investment process.</p>
<div class="lb-trans"><p>Sensata Technologies Holding 将 EBIT 转化为自由现金流的能力表明，它可以轻松处理其债务，就像克里斯蒂亚诺·罗纳尔多对阵 14 岁以下的守门员时轻松进球一样。但从更严肃的角度来看，我们对其利息覆盖率有些担忧。综合考虑这些因素，Sensata Technologies Holding 似乎能够舒适地处理当前的债务水平。当然，虽然这种杠杆可以提高股本回报，但也带来了更多风险，因此值得关注。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。然而，并非所有投资风险都存在于资产负债表中——远非如此。<strong>我们已经识别出 Sensata Technologies Holding 的一个警告信号</strong>，理解这些信号应该是您投资过程的一部分。</p>
</div><p>When all is said and done, sometimes its easier to focus on companies that don't even need debt. Readers can access a list of growth stocks with zero net debt <strong>100% free</strong>, right now.</p>
<div class="lb-trans"><p>说到底，有时关注那些根本不需要债务的公司更容易。读者可以立即访问一份 <strong>100% 免费</strong> 的零净债务成长股名单。</p>
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<div class="lb-trans"><p>用于国防和灾难的移动基础设施</p>
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<div class="lb-trans"><p>下一波机器人技术不是类人型的。它是完全自主的塔楼，在 30 分钟内提供 5G、ISR 和雷达，随时随地。</p>
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Sensata 科技控股（NYSE:ST）是否是一个高风险的投资？