PHINIA Inc. (PHIN)
Financial leverage ratio
| Dec 31, 2023 | ||
|---|---|---|
| Total assets | US$ in thousands | 4,041,000 |
| Total stockholders’ equity | US$ in thousands | 1,887,000 |
| Financial leverage ratio | 2.14 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,041,000K ÷ $1,887,000K
= 2.14
Peer comparison
Dec 31, 2023
Company name
Symbol
Financial leverage ratio
PHINIA Inc.
PHIN
2.14
Adient PLC
ADNT
4.38
American Axle & Manufacturing
AXL
8.85
Aptiv PLC
APTV
2.12
Autoliv Inc
ALV
3.26
BorgWarner Inc
BWA
2.48
Dana Inc
DAN
5.06
Dorman Products Inc
DORM
1.96
Gentex Corporation
GNTX
1.13
Gentherm Inc
THRM
1.91
LCI Industries
LCII
2.18