Phoenix Footwear Group (Phoenix Footwear Group) Debt-to-Equity : 4.63 (As of Dec. 2023)

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What is Phoenix Footwear Group Debt-to-Equity?

Phoenix Footwear Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $8.47 Mil. Phoenix Footwear Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.01 Mil. Phoenix Footwear Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1.83 Mil. Phoenix Footwear Group's debt to equity for the quarter that ended in Dec. 2023 was 4.63.

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

PXFG' s Debt-to-Equity Range Over the Past 10 Years
Min: 3.92 Med: 5.66 Max: 8.11
Current: 4.63

During the past 13 years, the highest Debt-to-Equity Ratio of Phoenix Footwear Group was 8.11. The lowest was 3.92. And the median was 5.66.

PXFG's Debt-to-Equity is ranked worse than
97.32% of 932 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs PXFG: 4.63

Phoenix Footwear Group Debt-to-Equity Historical Data

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

Phoenix Footwear Group Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec18

Dec19

Dec22

Dec23

Debt-to-Equity

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1.48

6.68

8.11

3.92

4.63

Phoenix Footwear Group Quarterly Data
	Mar10	Jun10	Sep10	Dec10	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															3.92	4.06	3.46	4.35	4.63

Competitive Comparison of Phoenix Footwear Group's Debt-to-Equity

For the Footwear & Accessories subindustry, Phoenix Footwear Group'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 Footwear Group's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Phoenix Footwear Group's Debt-to-Equity distribution charts can be found below:

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

Phoenix Footwear Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Phoenix Footwear Group'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
	=	(8.474	+	0.011)	/	1.833
	=	4.63

Phoenix Footwear Group'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
	=	(8.474	+	0.011)	/	1.833
	=	4.63

Phoenix Footwear Group (OTCPK:PXFG) 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 Footwear Group Debt-to-Equity Related Terms

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

Phoenix Footwear Group (Phoenix Footwear Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Phoenix Footwear Group Inc (OTCPK:PXFG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2236 Rutherford Road, Suite 113, Carlsbad, CA, USA, 92008

Website

https://www.phoenixfootwear.com

Phoenix Footwear Group Inc operates in the footwear industry. It is engaged in the manufacturing and distribution of footwear in a range of sizes and widths under the brand's Trotters, SoftWalk, SAVA, and Bueno. The company's distribution channels include specialty and independent retail stores, mail order catalogs, uniforms, and internet retailers. It also operates it's own direct-to-consumer internet retail business for all its brands.

Executives

Riedman Corp	other: member of 10% group	45 EAST AVENUE ROCHESTER NY 14604
Steven Tannenbaum	10 percent owner	125 COUNTRY CLUB ROAD NEWTON MA 02459
Greenwood Investments, Inc.	10 percent owner	222 BERKELEY STREET 12TH FLOOR BOSTON MA 02116
Greenwood Capital Limited Partnership	10 percent owner	222 BERKELEY STREET 12TH FLOOR BOSTON MA 02116
Greenwood Investors Limited Partnership	10 percent owner	222 BERKELEY STREET FLOOR 17 BOSTON MA 02116
Gregory W Slack	officer: CFO	2765 LOKER AVENUE WEST CARLSBAD CA 92010
Robby Lee Carter	other: Executive Vice President	303 YARD DRIVE LAKE ST. LOUIS MO 63367
Kevin G Wulff	director	1740 MONROVIA AVENUE COSTA MESA CA 92627
Dennis Nelson	officer: CFO, Secretary and Treasurer	5840 EL CAMINO REAL, SUITE 106, CARLSBAD CA 92008
Cathy B Taylor	director, officer: Chief Executive Officer	5840 EL CAMINO REAL SUITE 106 CARLSBAD CA 92008
Paul Douglas Ford	officer: Senior VP of Operations	5840 EL CAMINO REAL SUITE 106 CARLSBAD CA 92008
Willie Pfander	director, officer: Senior VP-Sourcing and Develop
Greg Harden	director
Steven Deperrier	director
John C Kratzer	director	PO BOX 116 4806 EL MARLO RANCHO SANTA FE CA 92067

Phoenix Footwear Group (Phoenix Footwear Group) Headlines

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