Phoenix Tours International (TPE:5706) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Phoenix Tours International 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 Tours International's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.03.

Phoenix Tours International's long-term debt to total assets ratio declined from Dec. 2023 (0.04) to Dec. 2024 (0.03). It may suggest that Phoenix Tours International is progressively becoming less dependent on debt to grow their business.

Phoenix Tours International LT-Debt-to-Total-Asset Historical Data

The historical data trend for Phoenix Tours International'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.

* Premium members only.

Phoenix Tours International LT-Debt-to-Total-Asset Chart

Phoenix Tours International Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.08

0.10

0.04

0.03

Phoenix Tours International Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.04	0.03	0.03	0.03

Phoenix Tours International LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	92.509	/	3464.049
	=	0.03

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

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	92.509	/	3464.049
	=	0.03

Phoenix Tours International (TPE:5706) 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 Tours International LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Phoenix Tours International's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Phoenix Tours International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Phoenix Tours International Inc (TPE:5706) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chang-An East Road, 4th Floor, No. 25, Section 1, Zhongshan District, Taipei, TWN, 104

Website

https://www.travel.com.tw

Phoenix Tours International Inc is a Taiwan-based company engaged in the tourism business. Its services include tour packages, independent travel groups, domestic and overseas sightseeing tours, meals and accommodation, and related services, providing tour guides to travelers both at home and abroad. The company also sells domestic and overseas transportation tickets as a commissioned agent, purchases domestic and overseas tickets on behalf of customers, check-in luggage, and processes entry-exit visa procedures on behalf of customers. The group has four reportable segments: Group Travel Department, Domestic Transportation Department, Air Passenger and Freight Forwarding Department, and Ticketing and other departments.

Phoenix Tours International Headlines

No Headlines