PHINIA Inc. (PHIN)

Solvency ratios

	Dec 31, 2024	Dec 31, 2023
Debt-to-assets ratio	0.26	0.18
Debt-to-capital ratio	0.38	0.27
Debt-to-equity ratio	0.61	0.38
Financial leverage ratio	2.39	2.14

Coverage ratios

	Dec 31, 2024	Dec 31, 2023
Interest coverage	—	—