Phoenix Media Investment (Holdings) (HKSE:02008) Debt-to-Equity : 0.29 (As of Dec. 2023)

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What is Phoenix Media Investment (Holdings) Debt-to-Equity?

Phoenix Media Investment (Holdings)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$344 Mil. Phoenix Media Investment (Holdings)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$590 Mil. Phoenix Media Investment (Holdings)'s Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$3,191 Mil. Phoenix Media Investment (Holdings)'s debt to equity for the quarter that ended in Dec. 2023 was 0.29.

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 Media Investment (Holdings)'s Debt-to-Equity or its related term are showing as below:

HKSE:02008' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22 Med: 0.29 Max: 0.33
Current: 0.29

During the past 13 years, the highest Debt-to-Equity Ratio of Phoenix Media Investment (Holdings) was 0.33. The lowest was 0.22. And the median was 0.29.

HKSE:02008's Debt-to-Equity is ranked worse than
64.08% of 426 companies
in the Interactive Media industry
Industry Median: 0.155 vs HKSE:02008: 0.29

Phoenix Media Investment (Holdings) Debt-to-Equity Historical Data

The historical data trend for Phoenix Media Investment (Holdings)'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.

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Phoenix Media Investment (Holdings) Debt-to-Equity Chart

Phoenix Media Investment (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.31

0.33

0.30

0.29

Phoenix Media Investment (Holdings) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.33	0.36	0.30	0.28	0.29

Competitive Comparison of Phoenix Media Investment (Holdings)'s Debt-to-Equity

For the Internet Content & Information subindustry, Phoenix Media Investment (Holdings)'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 Media Investment (Holdings)'s Debt-to-Equity Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Phoenix Media Investment (Holdings)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Phoenix Media Investment (Holdings)'s Debt-to-Equity falls into.

Phoenix Media Investment (Holdings) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Phoenix Media Investment (Holdings)'s Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(344.199	+	589.76)	/	3191.39
	=	0.29

Phoenix Media Investment (Holdings)'s Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(344.199	+	589.76)	/	3191.39
	=	0.29

Phoenix Media Investment (Holdings) (HKSE:02008) 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 Media Investment (Holdings) Debt-to-Equity Related Terms

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

Phoenix Media Investment (Holdings) (HKSE:02008) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Phoenix Media Investment (Holdings) Ltd (HKSE:02008) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2-6 Dai King Street, Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong, HKG

Website

https://phtv.ifeng.com

Phoenix Media Investment (Holdings) Ltd is engaged in satellite television broadcasting and the provision of new media services. The group mainly operates in five segments; Television broadcasting, Internet media, Outdoor media, Real estate, and Other activities. It generates maximum revenue from the Television broadcasting segment. The Television broadcasting business is engaged in the broadcasting of television programs and commercials and the provision of promotion activities.

Phoenix Media Investment (Holdings) (HKSE:02008) Headlines

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