PHINIA Inc. (PHIN)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|
| Cash | US$ in thousands | 484,000 | 477,000 | 325,000 |
| Short-term investments | US$ in thousands | — | 73,000 | — |
| Receivables | US$ in thousands | 817,000 | 920,000 | 1,023,000 |
| Total current liabilities | US$ in thousands | 969,000 | 1,022,000 | 1,122,000 |
| Quick ratio | 1.34 | 1.44 | 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
The quick ratio of PHINIA Inc. has shown a positive trend over the analyzed periods. As of March 31, 2024, the quick ratio stood at 1.20, indicating that the company had $1.20 in liquid assets available to cover each dollar of current liabilities. By September 30, 2024, the quick ratio had improved to 1.44, suggesting an enhanced ability to meet short-term obligations using its quick assets. However, by December 31, 2024, the quick ratio slightly decreased to 1.34, but still reflected a strong liquidity position. Overall, the quick ratio demonstrates PHINIA Inc.'s ability to efficiently address its immediate financial obligations with liquid assets, and the upward trend indicates an improving liquidity position during the analyzed periods.
Peer comparison
Dec 31, 2024