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PHX Energy Services (PHX Energy Services) Debt-to-Equity

: 0.21 (As of Dec. 2023)
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PHX Energy Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.4 Mil. PHX Energy Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $31.0 Mil. PHX Energy Services's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $156.5 Mil. PHX Energy Services's debt to equity for the quarter that ended in Dec. 2023 was 0.21.

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 Energy Services's Debt-to-Equity or its related term are showing as below:

PHXHF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11   Med: 0.28   Max: 0.55
Current: 0.21

During the past 13 years, the highest Debt-to-Equity Ratio of PHX Energy Services was 0.55. The lowest was 0.11. And the median was 0.28.

PHXHF's Debt-to-Equity is ranked better than
69.28% of 830 companies
in the Oil & Gas industry
Industry Median: 0.435 vs PHXHF: 0.21

PHX Energy Services Debt-to-Equity Historical Data

The historical data trend for PHX Energy Services'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 Energy Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.46 0.30 0.27 0.35 0.21

PHX Energy Services 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 0.35 0.36 0.34 0.28 0.21
Competitive Comparison

For the Oil & Gas Drilling subindustry, PHX Energy Services'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 Energy Services Debt-to-Equity Distribution

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

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


PHX Energy Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(2.411 + 30.96) / 156.506
=0.21

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

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(2.411 + 30.96) / 156.506
=0.21

* 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 Energy Services  (OTCPK:PHXHF) 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 Energy Services Debt-to-Equity Related Terms

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PHX Energy Services (PHX Energy Services) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PHX Energy Services Corp (OTCPK:PHXHF) » Definitions » Debt-to-Equity
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Traded in Other Exchanges
PHX:Canada
Address
250-2nd Street South West, Suite 1400, Calgary, AB, CAN, T2P 0C1
Website
https://www.phxtech.com
PHX Energy Services Corp is an oil and natural gas service company. The firm, through its directional drilling subsidiary entities, provides horizontal and directional drilling services to oil and natural gas exploration and development companies principally in Canada and the us. PHX Energy has developed various new technologies that have positioned the corporation technology in the horizontal and directional drilling services sector in North America. The Corporation also operates in the Middle East regions through an arrangement with National Energy Services Reunited Corp.