Phoenix Overseas (NSE:PHOGLOBAL) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Phoenix Overseas 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 Overseas's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Phoenix Overseas's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.01). It may suggest that Phoenix Overseas is progressively becoming more dependent on debt to grow their business.

Phoenix Overseas LT-Debt-to-Total-Asset Historical Data

The historical data trend for Phoenix Overseas'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 Overseas LT-Debt-to-Total-Asset Chart

Phoenix Overseas Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.07

0.03

0.02

Phoenix Overseas Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.07	0.03	-	0.02	0.01

Phoenix Overseas LT-Debt-to-Total-Asset Calculation

Phoenix Overseas's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	20.266	/	1316.238
	=	0.02

Phoenix Overseas's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	5.968	/	1305.435
	=	0.00

Phoenix Overseas (NSE:PHOGLOBAL) 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 Overseas LT-Debt-to-Total-Asset Related Terms

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Phoenix Overseas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Phoenix Overseas Ltd (NSE:PHOGLOBAL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

13B Bidhan Sarani Amherst Street, Chanda Plaza 4th Floor, Kolkata, WB, IND, 700006

Website

https://www.phxglobal.net

Phoenix Overseas Ltd is engaged into trading and marketing of animal feeds and agricultural produce and commodities such as corn, oil cakes, spices like dry red chilies, coriander, cumin seeds, food grains like rice, wheat, corn, sorghum and tea, pulses and agricultural feed like soya bean meal and rice bran de-oiled cake. It exports are to Bangladesh among other Asian Countries. It is also engaged in manufacturing of bags for men and women made of jute, cotton, canvas, and leather as well as various other fashion accessories for buyers based in European Countries like France, Italy, Germany, UAE and also in Australia. The company include three segments: Fashion Accessories, Merchant Export and Cold storage. Key revenue is generated from Merchant Export.

Phoenix Overseas Headlines

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