PHINIA Inc. (PHIN)

Cash ratio

Dec 31, 2024 Dec 31, 2023
Cash and cash equivalents US$ in thousands 484,000 365,000
Short-term investments US$ in thousands — —
Total current liabilities US$ in thousands 969,000 1,148,000
Cash ratio 0.50 0.32

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($484,000K + $—K) ÷ $969,000K
= 0.50