PHINIA Inc. (PHIN)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — |
| Total assets | US$ in thousands | 4,041,000 | 4,191,000 | 3,869,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,041,000K
= 0.00
The debt-to-assets ratio for PHINIA Inc. remained constant at 0.00 for all three reported periods of December 31, 2023, September 30, 2023, and June 30, 2023. A debt-to-assets ratio of 0.00 indicates that the company has no debt relative to its assets during these periods. This suggests that the company is entirely financed by equity rather than debt. While having no debt can signal financial stability and flexibility, it may also indicate missed opportunities to leverage debt for potential growth or tax advantages. Further analysis of the company's capital structure and overall financial health may provide additional insights into its strategic decision-making and long-term sustainability.
Peer comparison
Dec 31, 2023