PHINIA Inc. (PHIN)

Debt-to-capital ratio

Dec 31, 2024 Dec 31, 2023
Long-term debt US$ in thousands 963,000 709,000
Total stockholders’ equity US$ in thousands 1,574,000 1,887,000
Debt-to-capital ratio 0.38 0.27

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $963,000K ÷ ($963,000K + $1,574,000K)
= 0.38