MSFT 的现金少于应收款项，因而不得不依赖自由现金流，资本部署能力受限。
逐段跳播
于是我想知道，微软占美国股市总市值的百分比是多少？我只问了萨提亚·纳德拉。萨提亚·纳德拉，纳德拉先生。你们公司的市值与美国股市总市值相比如何？各位，答案是4.1%，它约占标普500指数总市值的7%。
So I wondered, what percentage of the total US stock market does Microsoft make up ? I only asked Satya Nadella. Satya Nadella, Mr. Nadella. How is your company worth compared to the total US stock market ?
Guys, the answer is 4.1%, and it represents about 7% of the total S&P 500 index.
你认识哪个没有很多钱的人吗？微软。我知道我正在批评一只我自己有持仓的股票，天哪。但这就是我在这个频道做的事。我倾向于说出我心里想的话，即使这对我的钱包不利。但没错，我持有微软，我感觉很糟，老兄。
Do you know anyone who doesn't have a lot of money? Microsoft. Now I know I'm criticizing a stock I have exposure to, oh my God. But that's what I do on this channel. I have a tendency to say what's on my mind, even if it's bad for my wallet .
But yes, I'm involved with Microsoft and I feel bad, man.
我有958亿美元的应收账款，以及768亿美元的现金和短期投资。这个数字比这个数字小。这可不妙。不过，平心而论，他们有144亿美元的自由现金流。不好意思，那是每季度还是每年？让我查一下。
自由现金流。哦，那是全年的。是这样吗？不，那是单季度的。好，好，好，好。好。没错，是的，是的，是的，那是单季度的。好。平心而论，这些账单一年内到期，而他们每季度有144亿美元的自由现金流。
所以这不错。但是，如你所知，情况并非完全理想。从技术上讲，他们仍然有足够的现金来支付今年所有的账单。因此，他们必须依赖自由现金流，这意味着他们可用于投资、偿还债务或回购股票的钱更少。这一点值得思考。
I have $95.8 billion in invoices, and $76.8 billion in cash and short-term investments. This number is smaller than this number. This is not good. Now, to be fair, they have $14.4 billion in free cash flow.
Excuse me, was that per quarter or per year? Let me check. Free cash flow. Oh, that was for the year. Is that so? No, that was for a quarter. Okay, good, good, good, good. Good.
That's right, yes, yes, yes, that was for a quarter. Good. To be fair, these bills are due within a year and they have $14.4 billion in free cash flow each quarter. So that's good.
But, as you know, the situation is not entirely ideal. They technically still have enough cash to pay all their bills this year. Therefore, they have to rely on free cash flow, which means having less money that they can invest or use to pay off debts or repurchase shares. Something worth thinking about.
这个频道对 $MSFT 的历次判断
Meet Kevin 在这只股票上共 5 条判断，这里只列相邻的几条。