Phoenix Digital Assets (AQSE:PNIX) Debt-to-Equity : 0.00 (As of Dec. 2022)

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What is Phoenix Digital Assets Debt-to-Equity?

Phoenix Digital Assets's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was £0.00 Mil. Phoenix Digital Assets's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was £0.00 Mil. Phoenix Digital Assets's Total Stockholders Equity for the quarter that ended in Dec. 2022 was £25.01 Mil. Phoenix Digital Assets's debt to equity for the quarter that ended in Dec. 2022 was 0.00.

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 Phoenix Digital Assets's Debt-to-Equity or its related term are showing as below:

AQSE:PNIX's Debt-to-Equity is not ranked ^*
in the Asset Management industry.
Industry Median: 0.19
* Ranked among companies with meaningful Debt-to-Equity only.

Phoenix Digital Assets Debt-to-Equity Historical Data

The historical data trend for Phoenix Digital Assets'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.

Phoenix Digital Assets Debt-to-Equity Chart

Phoenix Digital Assets Annual Data

Trend

Dec21

Dec22

Debt-to-Equity

Phoenix Digital Assets Semi-Annual Data
	Dec21	Dec22
Debt-to-Equity	-	-

Competitive Comparison of Phoenix Digital Assets's Debt-to-Equity

For the Asset Management subindustry, Phoenix Digital Assets'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.

Phoenix Digital Assets's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where Phoenix Digital Assets's Debt-to-Equity falls into.

Phoenix Digital Assets Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Phoenix Digital Assets's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0	+	0)	/	25.01
	=	0.00

Phoenix Digital Assets's Debt to Equity Ratio for the quarter that ended in Dec. 2022 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
	=	(0	+	0)	/	25.01
	=	0.00

Phoenix Digital Assets (AQSE:PNIX) 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.

Phoenix Digital Assets Debt-to-Equity Related Terms

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

Phoenix Digital Assets (AQSE:PNIX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Phoenix Digital Assets PLC (AQSE:PNIX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Great Queen Street, 9th Floor, London, GBR, WC2B 5DG

Website

https://www.nftinvest.pro

Phoenix Digital Assets PLC is a fund specialising in the market for digital assets. The Company invests in a diversified portfolio of cryptocurrency assets, and/or in companies or funds which have exposure to blockchain technology.

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