When it comes to debt, you have to talk about finance. From a financial point of view, financial liabilities are indeed a kind of risk. If there is no debt, then there is no financial risk, but other risks still exist, such as the risk from market environment, customer risk, bank risk, supplier risk and so on.
In fact, financial risks are not terrible, but avoidable. As long as the cash flow is twice the debt at any time, financial risks can be completely avoided. In addition, risks are also opportunities. If every company does not borrow foreign debts, banks cannot exist, and the consequences can be imagined.
In short, there are many kinds of risks in enterprises, and financial risk is only one of them, and it can be avoided; Risks are not terrible, and risks may contain greater opportunities.