Phoenix Capital Holding AD (XBUL:PCH) LT-Debt-to-Total-Asset : 0.14 (As of Dec. 2023)

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What is Phoenix Capital Holding AD 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 Capital Holding AD's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.14.

Phoenix Capital Holding AD's long-term debt to total assets ratio declined from Sep. 2022 (0.29) to Dec. 2023 (0.14). It may suggest that Phoenix Capital Holding AD is progressively becoming less dependent on debt to grow their business.

Phoenix Capital Holding AD LT-Debt-to-Total-Asset Historical Data

The historical data trend for Phoenix Capital Holding AD'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.

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Phoenix Capital Holding AD LT-Debt-to-Total-Asset Chart

Phoenix Capital Holding AD Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.57

0.54

0.38

0.25

0.14

Phoenix Capital Holding AD Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.29	0.25	0.18	0.23	0.14

Phoenix Capital Holding AD LT-Debt-to-Total-Asset Calculation

Phoenix Capital Holding AD'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 )
	=	11.638	/	85.408
	=	0.14

Phoenix Capital Holding AD's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	11.638	/	85.408
	=	0.14

Phoenix Capital Holding AD (XBUL:PCH) 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 Capital Holding AD LT-Debt-to-Total-Asset Related Terms

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Phoenix Capital Holding AD (XBUL:PCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Phoenix Capital Holding AD (XBUL:PCH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

47A Tsarigradsko shose Boulevard, Floor 3, Sofia, BGR, 1124

Website

http://www.phoenixcapital.bg

Phoenix Capital Holding AD is engaged in the acquisition of real estate, its management (including rental and construction works and improvements) and sale of the property. The company focuses on residential properties, office buildings, and holiday properties and hotels.