African Phoenix Investments (STU:NXHA) Debt-to-Equity : 0.04 (As of Mar. 2020)

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What is African Phoenix Investments Debt-to-Equity?

African Phoenix Investments's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2020 was €0.00 Mil. African Phoenix Investments's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2020 was €1.28 Mil. African Phoenix Investments's Total Stockholders Equity for the quarter that ended in Mar. 2020 was €36.16 Mil. African Phoenix Investments's debt to equity for the quarter that ended in Mar. 2020 was 0.04.

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

STU:NXHA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.08 Max: 5.56
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of African Phoenix Investments was 5.56. The lowest was 0.01. And the median was 0.08.

STU:NXHA's Debt-to-Equity is not ranked
in the Asset Management industry.
Industry Median: 0.19 vs STU:NXHA: 0.04

African Phoenix Investments Debt-to-Equity Historical Data

The historical data trend for African Phoenix Investments'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.

African Phoenix Investments Debt-to-Equity Chart

African Phoenix Investments Annual Data

Trend

Sep09

Sep10

Sep11

Sep12

Sep13

Sep15

Sep16

Sep17

Sep18

Sep19

Debt-to-Equity

Get a 7-Day Free Trial

0.41

0.01

0.02

African Phoenix Investments Semi-Annual Data
	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.01	-	0.02	0.04

Competitive Comparison of African Phoenix Investments's Debt-to-Equity

For the Asset Management subindustry, African Phoenix Investments'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.

African Phoenix Investments's Debt-to-Equity Distribution in the Asset Management Industry

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

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

African Phoenix Investments Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

African Phoenix Investments's Debt to Equity Ratio for the fiscal year that ended in Sep. 2019 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	+	1.443)	/	78.75
	=	0.02

African Phoenix Investments's Debt to Equity Ratio for the quarter that ended in Mar. 2020 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	+	1.279)	/	36.164
	=	0.04

African Phoenix Investments (STU:NXHA) 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.

African Phoenix Investments Debt-to-Equity Related Terms

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

African Phoenix Investments (STU:NXHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » African Phoenix Investments Ltd (STU:NXHA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Sturdee Avenue, 3rd Floor, Global House, Rosebank, ZAF, 2196

Website

http://www.phoenixinvestments.co.za

African Phoenix Investments Ltd is an investment holding company. Its income is generated through interest, investment income and dividends received from its wholly-owned subsidiary, The Standard General Insurance Company Limited (Stangen) in South Africa. It has two operating segments namely the Insurance segment which includes funeral, other products, and the Corporate segment. It also has a retail insurance portfolio and mainly funeral policies. The majority of its revenue is generated from Funeral insurance.

African Phoenix Investments (STU:NXHA) Headlines

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