Phoenix Plus (Phoenix Plus) Debt-to-Equity : 0.07 (As of Jan. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Phoenix Plus Debt-to-Equity?

Phoenix Plus's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.03 Mil. Phoenix Plus's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.05 Mil. Phoenix Plus's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $0.96 Mil. Phoenix Plus's debt to equity for the quarter that ended in Jan. 2024 was 0.07.

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 Plus's Debt-to-Equity or its related term are showing as below:

PXPC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.08
Current: 0.07

During the past 4 years, the highest Debt-to-Equity Ratio of Phoenix Plus was 0.08. The lowest was 0.00. And the median was 0.01.

PXPC's Debt-to-Equity is ranked better than
76.2% of 874 companies
in the Semiconductors industry
Industry Median: 0.26 vs PXPC: 0.07

Phoenix Plus Debt-to-Equity Historical Data

The historical data trend for Phoenix Plus'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 Plus Debt-to-Equity Chart

Phoenix Plus Annual Data

Trend

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

0.01

0.02

0.08

Phoenix Plus Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial												0.01	-	0.08	0.07	0.07

Competitive Comparison of Phoenix Plus's Debt-to-Equity

For the Solar subindustry, Phoenix Plus'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 Plus's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Phoenix Plus's Debt-to-Equity distribution charts can be found below:

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

Phoenix Plus Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Phoenix Plus's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(0.029	+	0.058)	/	1.123
	=	0.08

Phoenix Plus's Debt to Equity Ratio for the quarter that ended in Jan. 2024 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
	=	(0.026	+	0.045)	/	0.964
	=	0.07

Phoenix Plus (OTCPK:PXPC) 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 Plus Debt-to-Equity Related Terms

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

Phoenix Plus (Phoenix Plus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Phoenix Plus Corp (OTCPK:PXPC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-3 & 2-5 Bedford Business Park, Jalan 3/137B, Batu 5, Jalan Kelang Lama, Kuala Lumpur, MYS, 58200

Website

https://phoenixpluscorp.com

Phoenix Plus Corp through its Hong Kong subsidiary is engaged in providing technical consultancy on solar power systems and consultancy on green energy solutions, with an additional focus on the commercialization of a targeted portfolio of solar products and technologies for a wide range of applications including electrical power production. The company is geographically segmented in United States, Malaysia and Hong Kong, out of which it generates majority of its revenue from Malaysia.

Phoenix Plus (Phoenix Plus) Headlines

From GuruFocus

The Phoenix Plus Corp (PXPC) Company: A Short SWOT Analysis

By GuruFocus Research • 10-31-2023