Phoenix Petroleum Philippines (PHS:PNX) Debt-to-Equity : 4.92 (As of Sep. 2023)

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What is Phoenix Petroleum Philippines Debt-to-Equity?

Phoenix Petroleum Philippines's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₱29,618 Mil. Phoenix Petroleum Philippines's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₱20,010 Mil. Phoenix Petroleum Philippines's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₱10,084 Mil. Phoenix Petroleum Philippines's debt to equity for the quarter that ended in Sep. 2023 was 4.92.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Phoenix Petroleum Philippines's Debt-to-Equity or its related term are showing as below:

PHS:PNX' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.35 Med: 2.33 Max: 4.92
Current: 4.92

During the past 13 years, the highest Debt-to-Equity Ratio of Phoenix Petroleum Philippines was 4.92. The lowest was 1.35. And the median was 2.33.

PHS:PNX's Debt-to-Equity is ranked worse than
97.47% of 831 companies
in the Oil & Gas industry
Industry Median: 0.44 vs PHS:PNX: 4.92

Phoenix Petroleum Philippines Debt-to-Equity Historical Data

The historical data trend for Phoenix Petroleum Philippines's Debt-to-Equity 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 Petroleum Philippines Debt-to-Equity Chart

Phoenix Petroleum Philippines Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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2.49

2.34

2.72

2.77

3.64

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
Debt-to-Equity	Get a 7-Day Free Trial															2.54	3.64	3.90	4.27	4.92

Competitive Comparison of Phoenix Petroleum Philippines's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Phoenix Petroleum Philippines's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Petroleum Philippines's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Phoenix Petroleum Philippines's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Phoenix Petroleum Philippines's Debt-to-Equity falls into.

Phoenix Petroleum Philippines Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Phoenix Petroleum Philippines's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(29295.519	+	20883.832)	/	13800.099
	=	3.64

Phoenix Petroleum Philippines's Debt to Equity Ratio for the quarter that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(29618.105	+	20010.412)	/	10083.803
	=	4.92

Phoenix Petroleum Philippines (PHS:PNX) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Phoenix Petroleum Philippines Debt-to-Equity Related Terms

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

Phoenix Petroleum Philippines (PHS:PNX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Phoenix Petroleum Philippines Inc (PHS:PNX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in 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.