Premiere Horizon Alliance (PHS:PHA) LT-Debt-to-Total-Asset : 0.10 (As of Sep. 2024)

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What is Premiere Horizon Alliance 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. Premiere Horizon Alliance's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.10.

Premiere Horizon Alliance's long-term debt to total assets ratio increased from Sep. 2023 (0.07) to Sep. 2024 (0.10). It may suggest that Premiere Horizon Alliance is progressively becoming more dependent on debt to grow their business.

Premiere Horizon Alliance LT-Debt-to-Total-Asset Historical Data

The historical data trend for Premiere Horizon Alliance'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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Premiere Horizon Alliance LT-Debt-to-Total-Asset Chart

Premiere Horizon Alliance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.18

0.06

0.02

0.03

0.08

Premiere Horizon Alliance Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.08	0.10	0.09	0.10

Premiere Horizon Alliance LT-Debt-to-Total-Asset Calculation

Premiere Horizon Alliance'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 )
	=	389.033	/	4688.805
	=	0.08

Premiere Horizon Alliance'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 )
	=	453.5	/	4709.116
	=	0.10

Premiere Horizon Alliance (PHS:PHA) 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.

Premiere Horizon Alliance LT-Debt-to-Total-Asset Related Terms

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Premiere Horizon Alliance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Premiere Horizon Alliance Corp (PHS:PHA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Exchange Road, Ortigas Center, Unit E-1705, 17th Floor, East Tower, Philippine Stock Exchange Center, Metro Manila, Pasig, PHL, 1605

Website

https://www.premierehorizon.com

Premiere Horizon Alliance Corp engages in business activities relating to entertainment, gaming, hotel, and leisure. The company's business segments are Mining, Real estate, Service contracts, and others. Its Mining segment pertains to the operations of RCDC (Redstone Construction and Development Corporation) which provides hauling and excavation for mining companies. The real estate segment pertains to the operations of GLCI which develops and sells master-planned communities of low to mid-rise residential and commercial condominiums including student dormitories. The service contract segment pertains to the beach operations of TCNBI and to the rental of mining equipment of PGDI. The company generates maximum revenue from Others.