PHINIA Inc. (PHIN)

Debt-to-assets ratio

Dec 31, 2024 Dec 31, 2023
Long-term debt US$ in thousands 963,000 709,000
Total assets US$ in thousands 3,768,000 4,041,000
Debt-to-assets ratio 0.26 0.18

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $963,000K ÷ $3,768,000K
= 0.26