FENG ifeng.com: Long-Term Debt to Capital Coefficient

Phoenix New Media is implementing ESG principles, ensuring data cybersecurity and the environmental sustainability of its digital services. The long-term debt-to-equity ratio helps assess financial stability, where the value of 0.02 reflects this status. Despite intense pressure from video platforms and aggregators, Phoenix New Media maintains an impeccable reputation and deep trust among China's adult audience.

The long-term debt-to-equity ratio determines the proportion of borrowed funds with a maturity exceeding one year within the equity financing structure. For Phoenix New Media (FENG), the long-term debt-to-equity history serves as an indicator of resilience during declines in advertising revenue. Reducing leverage minimizes default risk but may limit expansion. Amid the audience shift toward short-form video, this metric reveals the company's ability to service its obligations. It is critical for investors to correlate this trend with the actual liquidity of assets.