PHX Energy Services (TSX:PHX) LT-Debt-to-Total-Asset : 0.13 (As of Sep. 2024)

View and export this data going back to 2003. Start your Free Trial

What is PHX Energy Services 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. PHX Energy Services's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.13.

PHX Energy Services's long-term debt to total assets ratio declined from Sep. 2023 (0.14) to Sep. 2024 (0.13). It may suggest that PHX Energy Services is progressively becoming less dependent on debt to grow their business.

PHX Energy Services LT-Debt-to-Total-Asset Historical Data

The historical data trend for PHX Energy Services'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.

PHX Energy Services LT-Debt-to-Total-Asset Chart

PHX Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.19

0.17

0.12

0.16

0.11

PHX Energy Services 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															0.14	0.11	0.10	0.10	0.13

PHX Energy Services LT-Debt-to-Total-Asset Calculation

PHX Energy Services'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 )
	=	41.536	/	385.494
	=	0.11

PHX Energy Services'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 )
	=	51.119	/	395.414
	=	0.13

PHX Energy Services (TSX:PHX) 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.

PHX Energy Services LT-Debt-to-Total-Asset Related Terms

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

PHX Energy Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PHX Energy Services Corp (TSX:PHX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PHXHF:USA

Address

215 – 9th Avenue South West, Suite 1600, Calgary, AB, CAN, T2P 1K3

Website

https://www.phxtech.com

PHX Energy Services Corp is an oil and natural gas service company. The firm, through its directional drilling subsidiary entities, provides horizontal and directional drilling services to oil and natural gas exploration and development companies principally in Canada, the United States, Albania, and the Middle East regions. PHX Energy has developed various new technologies that have positioned the corporation technology in the horizontal and directional drilling services sector in North America. Geographically the company generates the majority of its revenue from the United States.

Executives

Cameron Michael Ritchie	Senior Officer
Phx Energy Services Corp	Issuer
Michael Leslie Buker	Senior Officer
John Michael Hooks	Senior Officer
Garrett Wright	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Karen David-green	Director
Lawrence M. Hibbard	Director
Craig Brown	Senior Officer
Jeffery John Shafer	Senior Officer
Myron Arthur Tetreault	Director
David Raines	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Roger Dale Thomas	Director
Terrance Freeman	Director
Randolph M Charron	Director