<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>Mirion Technologies, Inc.</strong>（纽约证券交易所代码：MIR）也利用债务。但真正的问题是，这些债务是否使公司变得风险更大。</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>债务带来什么风险？</h2>
<p>当企业无法轻松履行这些义务时，债务和其他负债就会变得风险重重，无论是通过自由现金流还是以有吸引力的价格筹集资本。最终，如果公司无法履行其偿还债务的法律义务，股东可能会一无所获。然而，更常见（但仍然代价高昂）的情况是，公司必须以低价发行股票，永久性稀释股东权益，仅仅是为了巩固其资产负债表。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。考虑企业使用多少债务时，首先要查看其现金和债务的结合情况。</p>
<h2>Mirion Technologies 的净债务是多少？</h2>
<p>你可以点击下面的图表查看历史数据，但它显示截至 2025 年 9 月，Mirion Technologies 的债务为 12 亿美元，比 685.5 百万美元增加了一年。然而，由于它有 9.397 亿美元的现金储备，其净债务较少，约为 2.587 亿美元。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/836768-debt-equity-history-analysis-1-dark-2/1766590114959?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/836768-debt-equity-history-analysis-1-dark-2/1766590114959"/></p>
<p>纽约证券交易所：MIR 债务与股本历史 2025 年 12 月 24 日</p>
<h2>看看 Mirion Technologies 的负债情况</h2>
<p>根据最后报告的资产负债表，Mirion Technologies 的负债为 2.87 亿美元，12 个月内到期，超过 12 个月到期的负债为 13.2 亿美元。抵消这一点的是，它有 9.397 亿美元的现金和 2.69 亿美元的应收账款，这些应收账款在 12 个月内到期。因此，其负债总额比现金和短期应收账款的总和多出 3.951 亿美元。</p>
<p>由于公开交易的 Mirion Technologies 股票总值为 56 亿美元，因此这一负债水平似乎不太可能构成重大威胁。尽管如此，显然我们应该继续监控其资产负债表，以免情况恶化。</p>
<p>查看我们对 Mirion Technologies 的最新分析</p>
<p>为了评估公司的债务相对于其收益的规模，我们计算其净债务与息税折旧摊销前利润（EBITDA）的比率，以及息税前利润（EBIT）与利息支出的比率（利息覆盖率）。通过这种方式，我们考虑了债务的绝对数量以及支付的利率。</p>
<p>鉴于净债务仅为 EBITDA 的 1.3 倍，看到 Mirion Technologies 的 EBIT 利息覆盖率仅为 1.5 倍，最初让人感到惊讶。因此，虽然我们并不一定感到惊慌，但我们认为其债务远非微不足道。令人欣慰的是，Mirion Technologies 的 EBIT 增长速度超过了前澳大利亚总理鲍勃·霍克喝下大杯酒的速度，在过去 12 个月中增长了 420%。在分析债务时，资产负债表显然是关注的重点。但未来的收益，尤其是，将决定 Mirion Technologies 未来维持健康资产负债表的能力。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，一家公司只能用现金偿还债务，而不是会计利润。因此，我们总是检查 EBIT 中有多少转化为自由现金流。对于任何股东来说，令人高兴的是，Mirion Technologies 在过去两年中实际产生的自由现金流超过了 EBIT。这种强劲的现金转化让我们像在 Daft Punk 音乐会上节拍落下时的观众一样兴奋。</p>
<h2>我们的观点</h2>
<p>Mirion Technologies 将 EBIT 转化为自由现金流的能力表明，它可以像克里斯蒂亚诺·罗纳尔多对阵 14 岁以下守门员时那样轻松处理其债务。但我们必须承认，我们发现其利息覆盖率有相反的效果。放眼全局，Mirion Technologies 似乎合理地使用债务；这让我们点头认可。毕竟，合理的杠杆可以提升股本回报。在分析债务水平时，资产负债表显然是一个好的起点。但最终，每家公司都可能存在资产负债表之外的风险。<strong>我们已识别出 Mirion Technologies 的两个警告信号</strong>，理解这些信号应该是你投资过程的一部分。</p>
<p>如果你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，那么请查看这份 <strong>免费</strong> 的现金净额增长企业名单。</p>
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<p>Mirion Technologies（纽约证券交易所代码：MIR）截至 2025 年 9 月的债务已增加至 12 亿美元，扣除现金储备后的净债务为 2.587 亿美元。尽管负债超过现金和应收账款 39.51 亿美元，但公司 56 亿美元的市场价值表明风险可控。净债务与息税前利润（EBITDA）的比率为 1.3 倍，利息覆盖率较低，债务并不轻微，但强劲的息税前利润增长和现金流转化表明公司在负债管理上表现负责。监控资产负债表和未来收益对于评估财务健康至关重要</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>Mirion Technologies, Inc.</strong> (NYSE:MIR) makes use of debt. But the real question is whether this debt is making the company risky.</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>Mirion Technologies, Inc.</strong>（纽约证券交易所代码：MIR）也利用债务。但真正的问题是，这些债务是否使公司变得风险更大。</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>What Risk Does Debt Bring?</h2>
<div class="lb-trans"><h2>债务带来什么风险？</h2>
</div><p>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. Ultimately, if the company can't fulfill its legal obligations to repay debt, shareholders could walk away with nothing. However, a more frequent (but still costly) occurrence is where a company must issue shares at bargain-basement prices, permanently diluting shareholders, just to shore up its balance sheet. 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.</p>
<div class="lb-trans"><p>当企业无法轻松履行这些义务时，债务和其他负债就会变得风险重重，无论是通过自由现金流还是以有吸引力的价格筹集资本。最终，如果公司无法履行其偿还债务的法律义务，股东可能会一无所获。然而，更常见（但仍然代价高昂）的情况是，公司必须以低价发行股票，永久性稀释股东权益，仅仅是为了巩固其资产负债表。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。考虑企业使用多少债务时，首先要查看其现金和债务的结合情况。</p>
</div><h2>What Is Mirion Technologies's Net Debt?</h2>
<div class="lb-trans"><h2>Mirion Technologies 的净债务是多少？</h2>
</div><p>You can click the graphic below for the historical numbers, but it shows that as of September 2025 Mirion Technologies had US$1.20b of debt, an increase on US$685.5m, over one year. However, because it has a cash reserve of US$939.7m, its net debt is less, at about US$258.7m.</p>
<div class="lb-trans"><p>你可以点击下面的图表查看历史数据，但它显示截至 2025 年 9 月，Mirion Technologies 的债务为 12 亿美元，比 685.5 百万美元增加了一年。然而，由于它有 9.397 亿美元的现金储备，其净债务较少，约为 2.587 亿美元。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/836768-debt-equity-history-analysis-1-dark-2/1766590114959" alt="" original-src="https://images.simplywall.st/asset/chart/836768-debt-equity-history-analysis-1-dark-2/1766590114959"/></p>
<p>NYSE:MIR Debt to Equity History December 24th 2025</p>
<div class="lb-trans"><p>纽约证券交易所：MIR 债务与股本历史 2025 年 12 月 24 日</p>
</div><h2>A Look At Mirion Technologies' Liabilities</h2>
<div class="lb-trans"><h2>看看 Mirion Technologies 的负债情况</h2>
</div><p>According to the last reported balance sheet, Mirion Technologies had liabilities of US$287.0m due within 12 months, and liabilities of US$1.32b due beyond 12 months. Offsetting this, it had US$939.7m in cash and US$269.0m in receivables that were due within 12 months. So its liabilities total US$395.1m more than the combination of its cash and short-term receivables.</p>
<div class="lb-trans"><p>根据最后报告的资产负债表，Mirion Technologies 的负债为 2.87 亿美元，12 个月内到期，超过 12 个月到期的负债为 13.2 亿美元。抵消这一点的是，它有 9.397 亿美元的现金和 2.69 亿美元的应收账款，这些应收账款在 12 个月内到期。因此，其负债总额比现金和短期应收账款的总和多出 3.951 亿美元。</p>
</div><p>Since publicly traded Mirion Technologies shares are worth a total of US$5.60b, it seems unlikely that this level of liabilities would be a major threat. Having said that, it's clear that we should continue to monitor its balance sheet, lest it change for the worse.</p>
<div class="lb-trans"><p>由于公开交易的 Mirion Technologies 股票总值为 56 亿美元，因此这一负债水平似乎不太可能构成重大威胁。尽管如此，显然我们应该继续监控其资产负债表，以免情况恶化。</p>
</div><p>See our latest analysis for Mirion Technologies</p>
<div class="lb-trans"><p>查看我们对 Mirion Technologies 的最新分析</p>
</div><p>In order to size up a company's debt relative to its earnings, we calculate its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and its earnings before interest and tax (EBIT) divided by its interest expense (its interest cover). This way, we consider both the absolute quantum of the debt, as well as the interest rates paid on it.</p>
<div class="lb-trans"><p>为了评估公司的债务相对于其收益的规模，我们计算其净债务与息税折旧摊销前利润（EBITDA）的比率，以及息税前利润（EBIT）与利息支出的比率（利息覆盖率）。通过这种方式，我们考虑了债务的绝对数量以及支付的利率。</p>
</div><p>Given net debt is only 1.3 times EBITDA, it is initially surprising to see that Mirion Technologies's EBIT has low interest coverage of 1.5 times. So while we're not necessarily alarmed we think that its debt is far from trivial. Pleasingly, Mirion Technologies is growing its EBIT faster than former Australian PM Bob Hawke downs a yard glass, boasting a 420% gain in the last twelve months. The balance sheet is clearly the area to focus on when you are analysing debt. But it is future earnings, more than anything, that will determine Mirion Technologies'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>鉴于净债务仅为 EBITDA 的 1.3 倍，看到 Mirion Technologies 的 EBIT 利息覆盖率仅为 1.5 倍，最初让人感到惊讶。因此，虽然我们并不一定感到惊慌，但我们认为其债务远非微不足道。令人欣慰的是，Mirion Technologies 的 EBIT 增长速度超过了前澳大利亚总理鲍勃·霍克喝下大杯酒的速度，在过去 12 个月中增长了 420%。在分析债务时，资产负债表显然是关注的重点。但未来的收益，尤其是，将决定 Mirion Technologies 未来维持健康资产负债表的能力。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 company can only pay off debt with cold hard cash, not accounting profits. So we always check how much of that EBIT is translated into free cash flow. Happily for any shareholders, Mirion Technologies actually produced more free cash flow than EBIT over the last two years. That sort of strong cash conversion gets us as excited as the crowd when the beat drops at a Daft Punk concert.</p>
<div class="lb-trans"><p>最后，一家公司只能用现金偿还债务，而不是会计利润。因此，我们总是检查 EBIT 中有多少转化为自由现金流。对于任何股东来说，令人高兴的是，Mirion Technologies 在过去两年中实际产生的自由现金流超过了 EBIT。这种强劲的现金转化让我们像在 Daft Punk 音乐会上节拍落下时的观众一样兴奋。</p>
</div><h2>Our View</h2>
<div class="lb-trans"><h2>我们的观点</h2>
</div><p>Mirion Technologies'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 we must concede we find its interest cover has the opposite effect. Zooming out, Mirion Technologies seems to use debt quite reasonably; and that gets the nod from us. After all, sensible leverage can boost returns on equity. When analysing debt levels, the balance sheet is the obvious place to start. But ultimately, every company can contain risks that exist outside of the balance sheet. <strong>We've identified 2 warning signs</strong> with Mirion Technologies , and understanding them should be part of your investment process.</p>
<div class="lb-trans"><p>Mirion Technologies 将 EBIT 转化为自由现金流的能力表明，它可以像克里斯蒂亚诺·罗纳尔多对阵 14 岁以下守门员时那样轻松处理其债务。但我们必须承认，我们发现其利息覆盖率有相反的效果。放眼全局，Mirion Technologies 似乎合理地使用债务；这让我们点头认可。毕竟，合理的杠杆可以提升股本回报。在分析债务水平时，资产负债表显然是一个好的起点。但最终，每家公司都可能存在资产负债表之外的风险。<strong>我们已识别出 Mirion Technologies 的两个警告信号</strong>，理解这些信号应该是你投资过程的一部分。</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>如果你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，那么请查看这份 <strong>免费</strong> 的现金净额增长企业名单。</p>
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以下是 Mirion Technologies（NYSE:MIR）为何能够负责任地管理其债务的原因