PHINIA Inc. (PHIN)

Quick ratio

Dec 31, 2024 Dec 31, 2023
Cash US$ in thousands 484,000 365,000
Short-term investments US$ in thousands — —
Receivables US$ in thousands 817,000 1,017,000
Total current liabilities US$ in thousands 969,000 1,148,000
Quick ratio 1.34 1.20

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($484,000K + $—K + $817,000K) ÷ $969,000K
= 1.34