中文版

公司为什么要持有现金？

现金是公司运营中不可或缺的一部分，持有适量的现金对于企业的稳定发展至关重要。那么，公司为什么要持有现金呢？

首先，持有现金可以应对突发事件。企业在经营过程中，难免会遇到各种突发情况，如供应链中断、市场需求突变等。在这些情况下，持有足够的现金可以帮助企业迅速应对，减少损失，甚至抓住机遇。

其次，现金是企业进行投资和扩张的基础。无论是研发新产品、开拓新市场，还是进行并购等战略行动，都需要大量的资金支持。持有现金可以使企业在面对这些机遇时更加灵活自如，不被资金束缚。

此外，现金还是企业偿还债务、支付股息和红利的重要手段。持有足够的现金可以确保企业按时偿还债务，维护良好的信用记录；同时，也可以为股东提供稳定的回报，增强投资者的信心。

综上所述，公司持有现金的原因多种多样，从应对突发事件到支持投资和扩张，再到偿还债务和支付股息，都体现了现金在企业运营中的重要地位。因此，企业应根据自身情况和市场环境，合理规划现金持有量，以实现稳健和可持续的发展。

英文版

Why Do Companies Need to Hold Cash?

Cash is an indispensable part of a company's operations, and holding an appropriate amount of cash is crucial for the stable development of an enterprise. So, why do companies need to hold cash?

Firstly, holding cash allows companies to respond to unexpected events. In the course of business operations, companies are bound to encounter various contingencies, such as supply chain disruptions, sudden changes in market demand, and so on. In such situations, having sufficient cash on hand can help companies respond quickly, minimize losses, and even seize opportunities.

Secondly, cash is the foundation for companies to invest and expand. Whether it's developing new products, exploring new markets, or carrying out strategic actions such as mergers and acquisitions, all require significant financial support. Holding cash gives companies greater flexibility and freedom to seize these opportunities without being constrained by funding.

Moreover, cash is also an important means for companies to repay debts, pay dividends, and bonuses. Having sufficient cash ensures that companies can repay debts on time, maintaining a good credit record. At the same time, it can also provide stable returns to shareholders and enhance investors' confidence.

In summary, there are various reasons why companies hold cash. From responding to unexpected events to supporting investment and expansion, to repaying debts and paying dividends, cash plays a pivotal role in the operation of enterprises. Therefore, companies should plan their cash holdings reasonably based on their own situations and market conditions to achieve stable and sustainable development.