Phoenix Digital Assets (AQSE:PNIX) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2022)

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What is Phoenix Digital Assets Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Phoenix Digital Assets's cash to debt ratio for the quarter that ended in Dec. 2022 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Phoenix Digital Assets could pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.

(1) Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

The historical rank and industry rank for Phoenix Digital Assets's Cash-to-Debt or its related term are showing as below:

AQSE:PNIX' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 2 years, Phoenix Digital Assets's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

AQSE:PNIX's Cash-to-Debt is ranked better than
99.93% of 1450 companies
in the Asset Management industry
Industry Median: 5.72 vs AQSE:PNIX: No Debt

Phoenix Digital Assets Cash-to-Debt Historical Data

The historical data trend for Phoenix Digital Assets's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Phoenix Digital Assets Cash-to-Debt Chart

Phoenix Digital Assets Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

No Debt

Phoenix Digital Assets Semi-Annual Data
	Dec21	Dec22
Cash-to-Debt	No Debt	No Debt

Competitive Comparison of Phoenix Digital Assets's Cash-to-Debt

For the Asset Management subindustry, Phoenix Digital Assets's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Phoenix Digital Assets's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Phoenix Digital Assets's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Phoenix Digital Assets's Cash-to-Debt falls into.

Phoenix Digital Assets Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Phoenix Digital Assets's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Phoenix Digital Assets had no debt ⁽¹⁾.

Phoenix Digital Assets's Cash to Debt Ratio for the quarter that ended in Dec. 2022 is calculated as:

Phoenix Digital Assets had no debt ⁽¹⁾.

Phoenix Digital Assets (AQSE:PNIX) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Phoenix Digital Assets Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Phoenix Digital Assets's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Phoenix Digital Assets (AQSE:PNIX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Phoenix Digital Assets PLC (AQSE:PNIX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Great Queen Street, 9th Floor, London, GBR, WC2B 5DG

Website

https://www.nftinvest.pro

Phoenix Digital Assets PLC is a fund specialising in the market for digital assets. The Company invests in a diversified portfolio of cryptocurrency assets, and/or in companies or funds which have exposure to blockchain technology.

Phoenix Digital Assets (AQSE:PNIX) Headlines

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Phoenix Digital Assets (AQSE:PNIX) Cash-to-Debt : No Debt (1) (As of Dec. 2022)