PHINIA Inc. (PHIN)
Debt-to-equity ratio
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | 963,000 | — | — |
| Total stockholders’ equity | US$ in thousands | 1,574,000 | 1,704,000 | 1,850,000 |
| Debt-to-equity ratio | 0.61 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $963,000K ÷ $1,574,000K
= 0.61
The debt-to-equity ratio of PHINIA Inc. indicates the proportion of the company's total liabilities compared to its shareholders' equity. As of March 31, 2024, and September 30, 2024, the company reported a debt-to-equity ratio of 0.00, suggesting that the company had no debt during those periods. However, by December 31, 2024, the ratio increased to 0.61, indicating that the company started utilizing debt financing in relation to equity. This shift may imply a change in the company's capital structure and possibly a higher reliance on debt to fund its operations or growth initiatives. It would be crucial to monitor how this trend develops in future periods to assess the company's financial leverage and risk management.
Peer comparison
Dec 31, 2024