PFX (PhenixFIN) Debt-to-Asset : 0.48 (As of Mar. 2026)

What is PhenixFIN Debt-to-Asset?

PhenixFIN PFX -0.22% 31 Debt-to-Asset is 0.48 as of Mar. 2026. GuruFocus rates PFX with a GF Score™ of 31/100 and a GF Value™ of $17.34 (Significantly Overvalued). The stock has 3 warning signs investors should review.

PhenixFIN's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0.00 Mil. PhenixFIN's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $146.63 Mil. PhenixFIN's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2026 was $305.58 Mil. PhenixFIN's debt to asset for the quarter that ended in Mar. 2026 was 0.48.

PhenixFIN (NAS:PFX) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

PhenixFIN Debt-to-Asset Related Terms

PhenixFIN Debt-to-Asset Historical Data

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The historical data trend for PhenixFIN's Debt-to-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.

PhenixFIN Debt-to-Asset Chart

PhenixFIN Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Sep25

Debt-to-Asset

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0.34

0.36

0.35

0.45

0.47

PhenixFIN Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Debt-to-Asset	Get a 7-Day Free Trial															0.46	0.47	0.47	0.48	0.48

PFX vs VGI, DFDV, HNNA: Debt-to-Asset Comparison

For the Asset Management subindustry, PhenixFIN's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

PhenixFIN Debt-to-Asset vs Asset Management Industry

For the Asset Management industry and Financial Services sector, PhenixFIN's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where PhenixFIN's Debt-to-Asset falls into.

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31GF Score

PhenixFIN Corp PFX

Debt-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.

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PhenixFIN Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

PhenixFIN's Debt-to-Asset for the fiscal year that ended in Sep. 2025 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	148.012)	/	316.91
	=	0.47

PhenixFIN's Debt-to-Asset for the quarter that ended in Mar. 2026 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	146.627)	/	305.575
	=	0.48

Frequently Asked Questions Learn more about Debt-to-Asset →

What does a Debt-to-Asset of 0.48 mean?

PhenixFIN (PFX) has a Debt-to-Asset of 0.48 as of Mar. 2026. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on PhenixFIN and its competitors.

Is PhenixFIN's Debt-to-Asset too high?

PhenixFIN's current Debt-to-Asset is 0.48. Overall, PhenixFIN has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does PhenixFIN's Debt-to-Asset compare to VGI and DFDV?

PhenixFIN's Debt-to-Asset of 0.48 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Debt-to-Asset for an Asset Management company?

A good Debt-to-Asset depends on the Asset Management industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Debt-to-Asset mean?

A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on PhenixFIN and its competitors. PhenixFIN's current Debt-to-Asset is 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is PhenixFIN stock overvalued right now?

Based on GuruFocus' analysis, PhenixFIN (PFX) is currently considered Significantly Overvalued. The stock's GF Value™ is $17.34, compared to a current price of $43.18 — trading 149% above its estimated fair value. The current Debt-to-Asset is 0.48. PhenixFIN's overall GF Score™ is 31/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Debt-to-Asset calculated?

Debt-to-Asset is calculated from a company's financial statements. For PhenixFIN (PFX), the current Debt-to-Asset is 0.48 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is PhenixFIN (PFX) Overvalued in 2026?

Based on GuruFocus' analysis, PhenixFIN stock appears to be overvalued. The current stock price of $43.18 is trading 149% above its estimated GF Value™ of $17.34. GuruFocus considers PhenixFIN to be Significantly Overvalued.

Key valuation signals for PFX:

Debt-to-Asset: 0.48
GF Value™: $17.34 vs. price of $43.18 (149% above fair value)
GF Score™: 31/100 with 3 warning signs

No single metric tells the full story. See the PFX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

PhenixFIN Business Description

Industry Financial Services Asset Management

Comparable Companies VGI DFDV HNNA DTF GLV GDO BCIC PNI SAMG FMN BLK BX OSTO:INVE A TSX:BN KKR TSX:BAM APO STT AMP LSE:III

Other Exchanges Q29:Germany

Address 445 Park Avenue, 10th Floor, New York, NY, USA, 10022

Website https://www.phenixfc.com

PhenixFIN Corp is a non-diversified closed end management investment company operating in United States. Its investment objective is to generate current income and capital appreciation by lending directly to privately held middle market companies to expand their business, refinance and make acquisitions. It mainly invests in senior secured first lien term loans, senior secured second lien term loans, unitranche, senior secured first lien notes, subordinated notes and warrants and minority equity securities. It may also invest in securities of foreign companies. Portfolio of the company mainly consists of securities across all sectors. Revenue generated by the company comprises of interest income, dividend and other income earned through investments made.

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$43.18

Price

$17.34

GF Value

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