Phoenix Petroleum Philippines (PHS:PNX) LT-Debt-to-Total-Asset: 0.24 (As of Sep. 2023)

What is Phoenix Petroleum Philippines LT-Debt-to-Total-Asset?

Phoenix Petroleum Philippines PHS:PNX 4 LT-Debt-to-Total-Asset is 0.24 as of Sep. 2023. GuruFocus rates PHS:PNX with a GF Score™ of 4/100.

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 Petroleum Philippines's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.24.

Phoenix Petroleum Philippines's long-term debt to total assets ratio increased from Sep. 2022 (0.24) to Sep. 2023 (0.24). It may suggest that Phoenix Petroleum Philippines is progressively becoming more dependent on debt to grow their business.

Phoenix Petroleum Philippines (PHS:PNX) 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 Petroleum Philippines LT-Debt-to-Total-Asset Related Terms

Phoenix Petroleum Philippines LT-Debt-to-Total-Asset Historical Data

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The historical data trend for Phoenix Petroleum Philippines'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.

Phoenix Petroleum Philippines LT-Debt-to-Total-Asset Chart

Phoenix Petroleum Philippines Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.21

0.15

0.24

0.27

0.24

Phoenix Petroleum Philippines Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.24	0.24	0.25	0.24	0.24

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Phoenix Petroleum Philippines LT-Debt-to-Total-Asset Calculation

Phoenix Petroleum Philippines's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	20883.832	/	85791.988
	=	0.24

Phoenix Petroleum Philippines's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	20010.412	/	82669.956
	=	0.24

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →

What does a LT-Debt-to-Total-Asset of 0.24 mean?

Phoenix Petroleum Philippines (PHS:PNX) has a LT-Debt-to-Total-Asset of 0.24 as of Sep. 2023. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Phoenix Petroleum Philippines and its competitors.

Is Phoenix Petroleum Philippines' LT-Debt-to-Total-Asset too high?

Phoenix Petroleum Philippines' current LT-Debt-to-Total-Asset is 0.24. Overall, Phoenix Petroleum Philippines has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.

How does Phoenix Petroleum Philippines' LT-Debt-to-Total-Asset compare to MPC and PSX?

Phoenix Petroleum Philippines' LT-Debt-to-Total-Asset of 0.24 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good LT-Debt-to-Total-Asset for an Oil & Gas company?

A good LT-Debt-to-Total-Asset depends on the Oil & Gas industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high LT-Debt-to-Total-Asset mean?

A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Phoenix Petroleum Philippines and its competitors. Phoenix Petroleum Philippines's current LT-Debt-to-Total-Asset is 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Phoenix Petroleum Philippines stock overvalued right now?

Phoenix Petroleum Philippines (PHS:PNX) has a current LT-Debt-to-Total-Asset of 0.24. The current LT-Debt-to-Total-Asset is 0.24. Phoenix Petroleum Philippines' overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is LT-Debt-to-Total-Asset calculated?

LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Phoenix Petroleum Philippines (PHS:PNX), the current LT-Debt-to-Total-Asset is 0.24 as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Phoenix Petroleum Philippines Business Description

Industry Energy Oil & Gas

Comparable Companies PHS:PPC PHS:SHLPH PHS:PCOR NSE:RELIANCE MPC PSX VLO OHEL:NESTE TPE:6505 XKAZ:KMGZ NSE:IOC TSE:5020 DINO IST:TUPRS XKRX:096770 BOM:500547 HKSE:00135 IEP TSE:5019 BKK:OR

Other Exchanges PNX4.PFD:Philippines PNX3B.PFD:Philippines

Address Stella Hizon Reyes Road, Phoenix Bulk Depot, Barrio Pampanga, Lanang, Davao, PHL, 8000

Website https://www.phoenixfuels.ph

Phoenix Petroleum Philippines Inc is a Philippines-based company. Its segments include Trading, which is the key revenue driver, engaged in marketing, merchandising, purchasing, selling, dealing, acquiring, disposing, and distribution of goods and wares such as petroleum products (on a wholesale basis), adhesives, glues, bonding agents, epoxy resins, lubricants, and other products; Depot and logistics services engaged in operating oil depots, storage facilities and provides logistics services to various entities; and Real estate involved in real estate development, management, and operations. Geographically, the company operates in the Philippines, Singapore, and Vietnam. The majority of its revenue is generated from Singapore.

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