PHINIA Inc. (PHIN)

Debt-to-equity 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-equity ratio 0.61 0.38

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $963,000K ÷ $1,574,000K
= 0.61