Phoenix New Debt

FENG Stock  USD 1.76  0.02  1.12%   
Phoenix New Media holds a debt-to-equity ratio of 0.024. At this time, Phoenix New's Debt To Assets are most likely to slightly decrease in the upcoming years. The Phoenix New's current Total Debt To Capitalization is estimated to increase to 0.07, while Short Term Debt is projected to decrease to roughly 9.4 M. Phoenix New's financial risk is the risk to Phoenix New stockholders that is caused by an increase in debt.

Asset vs Debt

Equity vs Debt

Phoenix New's liquidity is one of the most fundamental aspects of both its future profitability and its ability to meet different types of ongoing financial obligations. Phoenix New's cash, liquid assets, total liabilities, and shareholder equity can be utilized to evaluate how much leverage the Company is using to sustain its current operations. For traders, higher-leverage indicators usually imply a higher risk to shareholders. In addition, it helps Phoenix Stock's retail investors understand whether an upcoming fall or rise in the market will negatively affect Phoenix New's stakeholders.
For most companies, including Phoenix New, marketable securities, inventories, and receivables are the most common assets that could be converted to cash. However, for Phoenix New Media, the most critical issue when managing liquidity is ensuring that current assets are properly aligned with current liabilities. If they are not, Phoenix New's management will need to obtain alternative financing to ensure there are always enough cash equivalents on the balance sheet to meet obligations.
Price Book
0.1298
Book Value
13.5919
Operating Margin
(0.07)
Profit Margin
(0.06)
Return On Assets
(0.02)
At this time, Phoenix New's Non Current Liabilities Other is most likely to increase significantly in the upcoming years.
Check out the analysis of Phoenix New Financial Statements.

Phoenix New Bond Ratings

Phoenix New Media financial ratings play a critical role in determining how much Phoenix New have to pay to access credit markets, i.e., the amount of interest on their issued debt. The threshold between investment-grade and speculative-grade ratings has important market implications for Phoenix New's borrowing costs.
Piotroski F Score
7
StrongView
Beneish M Score
(16.11)
Unlikely ManipulatorView

Phoenix New Media Debt to Cash Allocation

Many companies such as Phoenix New, eventually find out that there is only so much market out there to be conquered, and adding the next product or service is only half as profitable per unit as their current endeavors. Eventually, the company will reach a point where cash flows are strong, and extra cash is available but not fully utilized. In this case, the company may start buying back its stock from the public or issue more dividends.
Phoenix New Media currently holds 56.67 M in liabilities with Debt to Equity (D/E) ratio of 0.02, which may suggest the company is not taking enough advantage from borrowing. Phoenix New Media has a current ratio of 1.95, which is within standard range for the sector. Note, when we think about Phoenix New's use of debt, we should always consider it together with its cash and equity.

Phoenix New Common Stock Shares Outstanding Over Time

Phoenix New Assets Financed by Debt

The debt-to-assets ratio shows the degree to which Phoenix New uses debt to finance its assets. It includes both long-term and short-term borrowings maturing within one year. It also includes both tangible and intangible assets, such as goodwill.

Phoenix New Debt Ratio

    
  5.42   
It seems as most of the Phoenix New's assets are financed through equity. Typically, companies with high debt-to-asset ratios are said to be highly leveraged. The higher the ratio, the greater risk will be associated with the Phoenix New's operation. In addition, a high debt-to-assets ratio may indicate a low borrowing capacity of Phoenix New, which in turn will lower the firm's financial flexibility.

Phoenix New Corporate Bonds Issued

Most Phoenix bonds can be classified according to their maturity, which is the date when Phoenix New Media has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

Phoenix Net Debt

Net Debt

(665.22 Million)

At this time, Phoenix New's Net Debt is most likely to increase significantly in the upcoming years.

Understaning Phoenix New Use of Financial Leverage

Phoenix New's financial leverage ratio helps determine the effect of debt on the overall profitability of the company. It measures Phoenix New's total debt position, including all outstanding debt obligations, and compares it with Phoenix New's equity. Financial leverage can amplify the potential profits to Phoenix New's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if Phoenix New is unable to cover its debt costs.
Last ReportedProjected for Next Year
Net Debt-633.5 M-665.2 M
Short Term Debt9.9 M9.4 M
Short and Long Term Debt Total51 M48.5 M
Net Debt To EBITDA 11.48  12.05 
Debt To Equity 0.06  0.08 
Interest Debt Per Share 5.47  5.19 
Debt To Assets 0.04  0.05 
Total Debt To Capitalization 0.05  0.07 
Debt Equity Ratio 0.06  0.08 
Debt Ratio 0.04  0.05 
Cash Flow To Debt Ratio(0.90)(0.94)
Please read more on our technical analysis page.

Currently Active Assets on Macroaxis

When determining whether Phoenix New Media is a strong investment it is important to analyze Phoenix New's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Phoenix New's future performance. For an informed investment choice regarding Phoenix Stock, refer to the following important reports:
Check out the analysis of Phoenix New Financial Statements.
You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Can Interactive Media & Services industry sustain growth momentum? Does Phoenix have expansion opportunities? Factors like these will boost the valuation of Phoenix New. Market participants price Phoenix higher when confident in its future expansion prospects. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating Phoenix New demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
Quarterly Earnings Growth
(0.86)
Earnings Share
(0.56)
Revenue Per Share
63.391
Quarterly Revenue Growth
0.223
Return On Assets
(0.02)
Understanding Phoenix New Media requires distinguishing between market price and book value, where the latter reflects Phoenix's accounting equity. The concept of intrinsic value - what Phoenix New's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Market sentiment, economic cycles, and investor behavior can push Phoenix New's price substantially above or below its fundamental value.
Please note, there is a significant difference between Phoenix New's value and its price as these two are different measures arrived at by different means. Investors typically determine if Phoenix New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. In contrast, Phoenix New's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.

What is Financial Leverage?

Financial leverage is the use of borrowed money (debt) to finance the purchase of assets with the expectation that the income or capital gain from the new asset will exceed the cost of borrowing. In most cases, the debt provider will limit how much risk it is ready to take and indicate a limit on the extent of the leverage it will allow. In the case of asset-backed lending, the financial provider uses the assets as collateral until the borrower repays the loan. In the case of a cash flow loan, the general creditworthiness of the company is used to back the loan. The concept of leverage is common in the business world. It is mostly used to boost the returns on equity capital of a company, especially when the business is unable to increase its operating efficiency and returns on total investment. Because earnings on borrowing are higher than the interest payable on debt, the company's total earnings will increase, ultimately boosting stockholders' profits.

Leverage and Capital Costs

The debt to equity ratio plays a role in the working average cost of capital (WACC). The overall interest on debt represents the break-even point that must be obtained to profitability in a given venture. Thus, WACC is essentially the average interest an organization owes on the capital it has borrowed for leverage. Let's say equity represents 60% of borrowed capital, and debt is 40%. This results in a financial leverage calculation of 40/60, or 0.6667. The organization owes 10% on all equity and 5% on all debt. That means that the weighted average cost of capital is (.4)(5) + (.6)(10) - or 8%. For every $10,000 borrowed, this organization will owe $800 in interest. Profit must be higher than 8% on the project to offset the cost of interest and justify this leverage.

Benefits of Financial Leverage

Leverage provides the following benefits for companies:
  • Leverage is an essential tool a company's management can use to make the best financing and investment decisions.
  • It provides a variety of financing sources by which the firm can achieve its target earnings.
  • Leverage is also an essential technique in investing as it helps companies set a threshold for the expansion of business operations. For example, it can be used to recommend restrictions on business expansion once the projected return on additional investment is lower than the cost of debt.
By borrowing funds, the firm incurs a debt that must be paid. But, this debt is paid in small installments over a relatively long period of time. This frees funds for more immediate use in the stock market. For example, suppose a company can afford a new factory but will be left with negligible free cash. In that case, it may be better to finance the factory and spend the cash on hand on inputs, labor, or even hold a significant portion as a reserve against unforeseen circumstances.

The Risk of Financial Leverage

The most obvious and apparent risk of leverage is that if price changes unexpectedly, the leveraged position can lead to severe losses. For example, imagine a hedge fund seeded by $50 worth of investor money. The hedge fund borrows another $50 and buys an asset worth $100, leading to a leverage ratio of 2:1. For the investor, this is neither good nor bad -- until the asset price changes. If the asset price goes up 10 percent, the investor earns $10 on $50 of capital, a net gain of 20 percent, and is very pleased with the increased gains from the leverage. However, if the asset price crashes unexpectedly, say by 30 percent, the investor loses $30 on $50 of capital, suffering a 60 percent loss. In other words, the effect of leverage is to increase the volatility of returns and increase the effects of a price change on the asset to the bottom line while increasing the chance for profit as well.