Phoenix Group Holdings (FRA:1BF) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is Phoenix Group Holdings LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Phoenix Group Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Phoenix Group Holdings's long-term debt to total assets ratio declined from Dec. 2022 (0.01) to Dec. 2023 (0.01). It may suggest that Phoenix Group Holdings is progressively becoming less dependent on debt to grow their business.

Phoenix Group Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Phoenix Group Holdings's LT-Debt-to-Total-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.

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Phoenix Group Holdings LT-Debt-to-Total-Asset Chart

Phoenix Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

Phoenix Group Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.02	0.01	0.01	0.01

Phoenix Group Holdings LT-Debt-to-Total-Asset Calculation

Phoenix Group Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	4488.657	/	347424.603
	=	0.01

Phoenix Group Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	4488.657	/	347424.603
	=	0.01

Phoenix Group Holdings (FRA:1BF) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Phoenix Group Holdings LT-Debt-to-Total-Asset Related Terms

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Phoenix Group Holdings (FRA:1BF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Phoenix Group Holdings PLC (FRA:1BF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

PNXGF:USA PHNXl:UK PHNX:UK

Address

20 Old Bailey, London, GBR, EC4M 7AN

Website

https://www.thephoenixgroup.com

Phoenix Group Holdings PLC is a British closed life assurance fund consolidator. Its main specialisation is the management and acquisition of closed life and pension funds. It operates mainly in the United Kingdom. The Group's main business segment is its life assurance operations, Phoenix Life. Phoenix Life is responsible for the management of the group's life funds. The company's management services companies provide services to the life business segment, including financial and risk management services, sourcing strategies, and administrative services.

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