PHINIA Inc. (PHIN)
Debt-to-equity ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,887,000 | 1,892,000 | 1,992,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,887,000K
= 0.00
Based on the data provided for PHINIA Inc., the debt-to-equity ratio has been consistently reported as 0.00 for the periods ending December 31, 2023, September 30, 2023, and June 30, 2023. A debt-to-equity ratio of 0.00 indicates that the company has no debt on its balance sheet in relation to its equity. This suggests that PHINIA Inc. is entirely funded by equity, without relying on external borrowing to finance its operations or investments. While a low or zero debt-to-equity ratio can be perceived positively in terms of lower financial risk and potential for higher returns for equity investors, it is essential to consider other financial metrics and qualitative factors to gain a comprehensive understanding of the company's financial health and performance.
Peer comparison
Dec 31, 2023