V2EX net cash

Net Cash

Definition / 定义

净现金:在扣除所有有息负债(如贷款、债券)后,企业或个人仍然拥有的现金及现金等价物余额。常用于判断财务是否“现金为正”、偿债压力大小等。(在公司财务语境中也常指“现金与现金等价物 总债务”。)

Pronunciation / 发音

/nt k/

Examples / 例句

The company has net cash on its balance sheet.
这家公司资产负债表上是净现金状态。

After the merger, analysts found the firm still had net cash because its cash reserves exceeded all interest-bearing debt, improving its financial flexibility.
并购后,分析师发现该公司仍是净现金,因为其现金储备超过了全部有息负债,从而提升了财务灵活性。

Etymology / 词源

net 原义与“网”相关,后来引申为“扣除后的、净的”(如 net profit 净利润);cash 来自法语 caisse(钱箱、柜台),再追溯到意大利语 cassa(箱子)。合在一起 net cash 就是“扣除债务等因素后剩下的现金”。

Related Words / 相关词

Literary Works / 文学作品

  • Benjamin Graham, The Intelligent Investor(《聪明的投资者》)在讨论公司财务稳健性、现金与债务关系时常用到“net cash/净现金”这类表述。
  • Benjamin Graham & David Dodd, Security Analysis(《证券分析》)估值与财务分析章节常涉及“净现金/净负债”框架。
  • McKinsey & Company, Valuation: Measuring and Managing the Value of Companies(《公司估值》)企业价值计算中会用到净债务/净现金的处理方式。
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