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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. PHX Minerals's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.20.
PHX Minerals's long-term debt to total assets ratio declined from Dec. 2022 (0.22) to Dec. 2023 (0.20). It may suggest that PHX Minerals is progressively becoming less dependent on debt to grow their business.
The historical data trend for PHX Minerals'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.
PHX Minerals Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Dec23 | |||||||||||
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.28 | 0.28 | 0.16 | 0.19 | 0.20 |
PHX Minerals Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.22 | 0.17 | 0.16 | 0.19 | 0.20 |
PHX Minerals's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
LT Debt to Total Assets (A: Dec. 2023 ) | = | Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 ) | / | Total Assets (A: Dec. 2023 ) |
= | 33.446 | / | 166.508 | |
= | 0.20 |
PHX Minerals's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as
LT Debt to Total Assets (Q: Dec. 2023 ) | = | Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 ) | / | Total Assets (Q: Dec. 2023 ) |
= | 33.446 | / | 166.508 | |
= | 0.20 |
* 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.
PHX Minerals (NYSE:PHX) 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.
Thank you for viewing the detailed overview of PHX Minerals's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Edenbrook Capital, Llc | 10 percent owner | 116 RADIO CIRCLE, SUITE 202, MT. KISCO NY 10549 |
Chad True | officer: Principal Accounting Officer | 2113 NW 59TH PLACE, OKLAHOMA CITY OK 73112 |
Raphael D'amico | officer: VP - Business Development | 5400 NORTH GRAND BOULEVARD, SUITE 300, OKLAHOMA CITY OK 73112 |
Chad L Stephens | director | 100 THROCKMORTON, SUITE 1200, FORT WORTH TX 76102 |
Srp Capital Advisors, Llc | 10 percent owner | 3811 TURTLE CREEK BLVD., SUITE 1100, DALLAS TX 75219 |
Steven L Packebush | director | 3503 NW 63RD STREET, SUITE 500, OKLAHOMA CITY OK 73116-2238 |
Peter B Delaney | director | P.O. BOX 321, OKLAHOMA CITY OK 73101 |
Christopher T. Fraser | director | 9555 WEST SAM HOUSTON PARKWAY SOUTH, SUITE 600, HOUSTON TX 77099 |
Glen A Brown | director | P.O. BOX 268836, OKLAHOMA CITY OK 73126 |
William T Fennebresque | 10 percent owner | 3811 TURTLE CREEK BLVD, SUITE 1100, DALLAS TX 75219 |
Srpo-ii Manager, Lp | 10 percent owner | 3811 TURTLE CREEK BLVD, SUITE 1100, DALLAS TX 75219 |
Cwep-srpoii Investments, Llc | other: See Explanation of Responses | 3811 TURTLE CREEK BLVD, SUITE 1100, DALLAS TX 75219 |
Palmetto Investment Partners, Llc | other: See Explanation of Responses | 3811 TURTLE CREEK BLVD, SUITE 1100, DALLAS TX 75219 |
Palmetto Investment Partners Ii, Llc | 10 percent owner | 3811 TURTLE CREEK BLVD, SUITE 1100, DALLAS TX 75219 |
Ryan A Turner | 10 percent owner | 3811 TURTLE CREEK BLVD, SUITE 1100, DALLAS TX 75219 |
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