PHINIA Inc. (PHIN)

Financial leverage ratio

Dec 31, 2024 Dec 31, 2023
Total assets US$ in thousands 3,768,000 4,041,000
Total stockholders’ equity US$ in thousands 1,574,000 1,887,000
Financial leverage ratio 2.39 2.14

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,768,000K ÷ $1,574,000K
= 2.39