PHINIA Inc. (PHIN)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | 963,000 | — | — |
| Total assets | US$ in thousands | 3,768,000 | 4,024,000 | 3,978,000 |
| Debt-to-assets ratio | 0.26 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $963,000K ÷ $3,768,000K
= 0.26
The debt-to-assets ratio of PHINIA Inc. has shown a consistent trend of 0.00 as of March 31, 2024, and September 30, 2024. However, there was a noticeable increase to 0.26 as of December 31, 2024. This signifies that the company started to finance a portion of its assets using debt at the end of the year. It is advisable to monitor this ratio closely in upcoming periods to assess the impact of this change on the company's financial leverage and risk profile.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
PHINIA Inc.
PHIN
0.26
Adient PLC
ADNT
0.00
American Axle & Manufacturing
AXL
0.52
Aptiv PLC
APTV
0.33
Autoliv Inc
ALV
0.16
BorgWarner Inc
BWA
0.27
Dana Inc
DAN
0.32
Dorman Products Inc
DORM
0.20
Gentex Corporation
GNTX
0.00
Gentherm Inc
THRM
0.18
LCI Industries
LCII
0.29