Phantom Digital Effects (NSE:PHANTOMFX) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2023)

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What is Phantom Digital Effects LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Phantom Digital Effects's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.02.

Phantom Digital Effects's long-term debt to total assets ratio declined from Jun. 2022 (0.12) to Sep. 2023 (0.02). It may suggest that Phantom Digital Effects is progressively becoming less dependent on debt to grow their business.

Phantom Digital Effects LT-Debt-to-Total-Asset Historical Data

The historical data trend for Phantom Digital Effects's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Phantom Digital Effects LT-Debt-to-Total-Asset Chart

Phantom Digital Effects Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.36

0.44

0.05

0.03

Phantom Digital Effects Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.12	-	0.03	-	0.02

Phantom Digital Effects LT-Debt-to-Total-Asset Calculation

Phantom Digital Effects's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	15.502	/	630.893
	=	0.02

Phantom Digital Effects's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	15.502	/	965.399
	=	0.02

Phantom Digital Effects (NSE:PHANTOMFX) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Phantom Digital Effects LT-Debt-to-Total-Asset Related Terms

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Phantom Digital Effects (NSE:PHANTOMFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Phantom Digital Effects Ltd (NSE:PHANTOMFX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3rd Main Road, 6th Floor, Tower B, Kosmo One Tech Park, Plot No.14, Ambattur, Chennai, TN, IND, 600058

Website

https://www.phantom-fx.com

Phantom Digital Effects Ltd is a certified trusted partner network (TPN) company, full-fledged creative VFX studio, based in India with offices operating in US and Canada. As a TPN Certified studio, PhantomFX offers a wide range of VFX services. The company's specializations include: Completing a Shot with final compositing, Creating 3D elements, photoreal creatures, and environments, Rig/Wire removal, paint cleanup, rotoscopy, 3D matchmove, 3D animation (storyboard, animation), Pre-visualization Game cinematics, Fire / water Fx and other natural phenomena 3D ride animation.

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