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PHX Minerals (PHX Minerals) Debt-to-Equity : 0.27 (As of Dec. 2023)


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(PHX Minerals) Definition

PHX Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.23 Mil. PHX Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $33.45 Mil. PHX Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $123.23 Mil. PHX Minerals's debt to equity for the quarter that ended in Dec. 2023 was 0.27.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for PHX Minerals's Debt-to-Equity or its related term are showing as below:

PHX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23   Med: 0.42   Max: 0.65
Current: 0.27

During the past 13 years, the highest Debt-to-Equity Ratio of PHX Minerals was 0.65. The lowest was 0.23. And the median was 0.42.

PHX's Debt-to-Equity is ranked better than
63.61% of 830 companies
in the Oil & Gas industry
Industry Median: 0.435 vs PHX: 0.27

PHX Minerals Debt-to-Equity Historical Data

The historical data trend for PHX Minerals's Debt-to-Equity 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.

* Premium members only.

PHX Minerals Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.45 0.47 0.23 0.27 0.27

PHX Minerals Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.32 0.23 0.21 0.26 0.27

Competitive Comparison

For the Oil & Gas E&P subindustry, PHX Minerals's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PHX Minerals Debt-to-Equity Distribution

For the Oil & Gas industry and Energy sector, PHX Minerals's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where PHX Minerals's Debt-to-Equity falls into.



PHX Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PHX Minerals's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

PHX Minerals's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


PHX Minerals Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of PHX Minerals's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


PHX Minerals (PHX Minerals) Business Description

Traded in Other Exchanges
Address
1320 South University Drive, Suite 720, Fort Worth, TX, USA, 76107
PHX Minerals, previously Panhandle Oil & Gas, is an oil and natural gas mineral company that has employed a strategy to shift the core of its business away from drilling and toward perpetual mineral and natural gas ownership. The company owns substantial mineral acreage, principally in Oklahoma, North Dakota, Texas, New Mexico, and Arkansas, but still maintains legacy interests in natural gas and oil properties that have retired operations. The sale of natural gas, natural gas liquids, and oil continues to be the primary source of the company's revenue.
Executives
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