<p>即使一家公司在虧損，股東也有可能通過以合適的價格購買優質企業而獲利。例如，儘管亞馬遜在上市後多年虧損，但如果你從 1999 年開始購買並持有其股票，你將獲得鉅額財富。話雖如此，虧損公司是有風險的，因為它們可能會耗盡所有現金並陷入困境。</p>
<p>因此，<strong>Guardforce AI</strong>（NASDAQ:GFAI）股東自然會問，是否應該擔心其現金消耗率。為了本文的目的，我們將現金消耗定義為公司每年用於支持其增長的現金支出（也稱為負自由現金流）。首先，我們將通過比較其現金消耗與現金儲備來確定其現金儲備期。</p>
<p>我們發現 21 只美國股票預計明年將支付超過 6% 的股息收益率。查看完整列表，免費獲取。</p>
<h2>Guardforce AI 的現金儲備期有多長？</h2>
<p>你可以通過將公司擁有的現金量除以其支出現金的速度來計算公司的現金儲備期。當 Guardforce AI 在 2025 年 9 月最後報告其 2025 年 6 月的資產負債表時，它的債務為零，現金價值為 2300 萬美元。回顧過去一年，該公司消耗了 310 萬美元的現金。因此，從 2025 年 6 月起，它的現金儲備期約為 7.6 年。儘管這只是公司現金消耗的一個衡量標準，但想到如此長的現金儲備期讓我們感到安心。下圖展示了其現金持有量隨時間的變化。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/658152979-debt-equity-history-analysis-1-dark-2/1758709267587?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/658152979-debt-equity-history-analysis-1-dark-2/1758709267587"/></p>
<p>NasdaqCM:GFAI2025 年 9 月 24 日的債務與股本歷史</p>
<p>查看我們對 Guardforce AI 的最新分析</p>
<h2>Guardforce AI 的增長情況如何？</h2>
<p>總體而言，我們認為 Guardforce AI 在過去十二個月中將現金消耗減少了 3.2% 是略微積極的。而且營業收入也增長了 3.2%。考慮到這兩個因素，我們對其增長前景並不特別興奮。實際上，本文僅對公司的增長數據進行了簡短的研究。這張歷史收益和收入的圖表展示了 Guardforce AI 如何隨着時間的推移建立其業務。</p>
<h2>Guardforce AI 籌集更多現金以支持增長的難度有多大？</h2>
<p>我們對 Guardforce AI 在過去一年取得的進展感到印象深刻，但也值得考慮如果它想籌集更多現金以支持更快的增長，這將是多麼昂貴。發行新股或承擔債務是上市公司籌集更多資金的最常見方式。許多公司最終會發行新股以資助未來的增長。通過查看公司的現金消耗與其市值的關係，我們可以洞察如果公司需要籌集足夠的現金來覆蓋另一年的現金消耗，股東將被稀釋多少。</p>
<p>由於其市值為 2500 萬美元，Guardforce AI 的 310 萬美元現金消耗約佔其市場價值的 12%。因此，我們認為該公司可以相對輕鬆地籌集更多現金以支持增長，儘管這會帶來一定的稀釋。</p>
<h2>Guardforce AI 的現金消耗是否令人擔憂？</h2>
<p>在現金消耗方面，Guardforce AI 的健康狀況似乎相當不錯。其現金消耗相對於市值的情況相當良好，現金儲備期也是一個真正的積極因素。基於本文提到的因素，我們認為其現金消耗情況值得股東關注，但我們認為他們不必過於擔心。另一方面，Guardforce AI 有 <strong>3 個警告信號</strong>（其中 2 個不可忽視），我們認為你應該瞭解。</p>
<p>當然，<strong>Guardforce AI 可能不是最佳購買股票</strong>。因此，你可能希望查看這份 <strong>免費</strong> 的高股本回報公司集合，或這份高內部持股的股票列表。</p>

GFAI

<p>Guardforce AI（納斯達克代碼：GFAI）擁有大約 7.6 年的現金儲備，目前現金為 2300 萬美元，過去一年現金消耗為 310 萬美元。儘管現金消耗減少了 3.2%，運營收入也有類似增長，但整體增長仍然温和。該公司可以在不顯著稀釋股份的情況下籌集額外資金，因為其現金消耗約佔 2500 萬美元市值的 12%。總體而言，儘管股東應關注現金消耗情況，但目前並不是一個主要問題</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, although Amazon.com made losses for many years after listing, if you had bought and held the shares since 1999, you would have made a fortune. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed.</p>
<div class="lb-trans"><p>即使一家公司在虧損，股東也有可能通過以合適的價格購買優質企業而獲利。例如，儘管亞馬遜在上市後多年虧損，但如果你從 1999 年開始購買並持有其股票，你將獲得鉅額財富。話雖如此，虧損公司是有風險的，因為它們可能會耗盡所有現金並陷入困境。</p>
</div><p>So, the natural question for <strong>Guardforce AI</strong> (NASDAQ:GFAI) shareholders is whether they should be concerned by its rate of cash burn. For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). First, we'll determine its cash runway by comparing its cash burn with its cash reserves.</p>
<div class="lb-trans"><p>因此，<strong>Guardforce AI</strong>（NASDAQ:GFAI）股東自然會問，是否應該擔心其現金消耗率。為了本文的目的，我們將現金消耗定義為公司每年用於支持其增長的現金支出（也稱為負自由現金流）。首先，我們將通過比較其現金消耗與現金儲備來確定其現金儲備期。</p>
</div><p>We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.</p>
<div class="lb-trans"><p>我們發現 21 只美國股票預計明年將支付超過 6% 的股息收益率。查看完整列表，免費獲取。</p>
</div><h2>Does Guardforce AI Have A Long Cash Runway?</h2>
<div class="lb-trans"><h2>Guardforce AI 的現金儲備期有多長？</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. When Guardforce AI last reported its June 2025 balance sheet in September 2025, it had zero debt and cash worth US$23m. Looking at the last year, the company burnt through US$3.1m. So it had a cash runway of about 7.6 years from June 2025. 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>你可以通過將公司擁有的現金量除以其支出現金的速度來計算公司的現金儲備期。當 Guardforce AI 在 2025 年 9 月最後報告其 2025 年 6 月的資產負債表時，它的債務為零，現金價值為 2300 萬美元。回顧過去一年，該公司消耗了 310 萬美元的現金。因此，從 2025 年 6 月起，它的現金儲備期約為 7.6 年。儘管這只是公司現金消耗的一個衡量標準，但想到如此長的現金儲備期讓我們感到安心。下圖展示了其現金持有量隨時間的變化。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/658152979-debt-equity-history-analysis-1-dark-2/1758709267587" alt="" original-src="https://images.simplywall.st/asset/chart/658152979-debt-equity-history-analysis-1-dark-2/1758709267587"/></p>
<p>NasdaqCM:GFAI Debt to Equity History September 24th 2025</p>
<div class="lb-trans"><p>NasdaqCM:GFAI2025 年 9 月 24 日的債務與股本歷史</p>
</div><p>Check out our latest analysis for Guardforce AI</p>
<div class="lb-trans"><p>查看我們對 Guardforce AI 的最新分析</p>
</div><h2>How Well Is Guardforce AI Growing?</h2>
<div class="lb-trans"><h2>Guardforce AI 的增長情況如何？</h2>
</div><p>On balance, we think it's mildly positive that Guardforce AI trimmed its cash burn by 3.2% over the last twelve months. And operating revenue was up by 3.2% too. Considering both these factors, we're not particularly excited by its growth profile. In reality, this article only makes a short study of the company's growth data. This graph of historic earnings and revenue shows how Guardforce AI is building its business over time.</p>
<div class="lb-trans"><p>總體而言，我們認為 Guardforce AI 在過去十二個月中將現金消耗減少了 3.2% 是略微積極的。而且營業收入也增長了 3.2%。考慮到這兩個因素，我們對其增長前景並不特別興奮。實際上，本文僅對公司的增長數據進行了簡短的研究。這張歷史收益和收入的圖表展示了 Guardforce AI 如何隨着時間的推移建立其業務。</p>
</div><h2>How Hard Would It Be For Guardforce AI To Raise More Cash For Growth?</h2>
<div class="lb-trans"><h2>Guardforce AI 籌集更多現金以支持增長的難度有多大？</h2>
</div><p>We are certainly impressed with the progress Guardforce AI has made over the last year, but it is also worth considering how costly it would be if it wanted to raise more cash to fund faster growth. 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 looking at a company's cash burn relative to its market capitalisation, we gain insight on how much shareholders would be diluted if the company needed to raise enough cash to cover another year's cash burn.</p>
<div class="lb-trans"><p>我們對 Guardforce AI 在過去一年取得的進展感到印象深刻，但也值得考慮如果它想籌集更多現金以支持更快的增長，這將是多麼昂貴。發行新股或承擔債務是上市公司籌集更多資金的最常見方式。許多公司最終會發行新股以資助未來的增長。通過查看公司的現金消耗與其市值的關係，我們可以洞察如果公司需要籌集足夠的現金來覆蓋另一年的現金消耗，股東將被稀釋多少。</p>
</div><p>Since it has a market capitalisation of US$25m, Guardforce AI's US$3.1m in cash burn equates to about 12% of its market value. As a result, we'd venture that the company could raise more cash for growth without much trouble, albeit at the cost of some dilution.</p>
<div class="lb-trans"><p>由於其市值為 2500 萬美元，Guardforce AI 的 310 萬美元現金消耗約佔其市場價值的 12%。因此，我們認為該公司可以相對輕鬆地籌集更多現金以支持增長，儘管這會帶來一定的稀釋。</p>
</div><h2>Is Guardforce AI's Cash Burn A Worry?</h2>
<div class="lb-trans"><h2>Guardforce AI 的現金消耗是否令人擔憂？</h2>
</div><p>Guardforce AI appears to be in pretty good health when it comes to its cash burn situation. Not only was its cash burn relative to its market cap quite good, but its cash runway was a real positive. Based on the factors mentioned in this article, we think its cash burn situation warrants some attention from shareholders, but we don't think they should be worried. On another note, Guardforce AI has <strong>3 warning signs</strong> (and 2 which can't be ignored) we think you should know about.</p>
<div class="lb-trans"><p>在現金消耗方面，Guardforce AI 的健康狀況似乎相當不錯。其現金消耗相對於市值的情況相當良好，現金儲備期也是一個真正的積極因素。基於本文提到的因素，我們認為其現金消耗情況值得股東關注，但我們認為他們不必過於擔心。另一方面，Guardforce AI 有 <strong>3 個警告信號</strong>（其中 2 個不可忽視），我們認為你應該瞭解。</p>
</div><p>Of course <strong>Guardforce AI may not be the best stock to buy</strong>. So you may wish to see this <strong>free</strong> collection of companies boasting high return on equity, or this list of stocks with high insider ownership.</p>
<div class="lb-trans"><p>當然，<strong>Guardforce AI 可能不是最佳購買股票</strong>。因此，你可能希望查看這份 <strong>免費</strong> 的高股本回報公司集合，或這份高內部持股的股票列表。</p>
</div>

這就是我們不太擔心 Guardforce AI（NASDAQ:GFAI）現金消耗情況的原因