PHINIA Balance Sheet Health
Financial Health criteria checks 5/6
PHINIA has a total shareholder equity of $1.7B and total debt of $987.0M, which brings its debt-to-equity ratio to 57.9%. Its total assets and total liabilities are $4.0B and $2.3B respectively. PHINIA's EBIT is $377.0M making its interest coverage ratio 4.3. It has cash and short-term investments of $477.0M.
Key information
57.9%
Debt to equity ratio
US$987.00m
Debt
| Interest coverage ratio | 4.3x |
| Cash | US$477.00m |
| Equity | US$1.70b |
| Total liabilities | US$2.32b |
| Total assets | US$4.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3A6's short term assets ($2.0B) exceed its short term liabilities ($1.0B).
Long Term Liabilities: 3A6's short term assets ($2.0B) exceed its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: 3A6's net debt to equity ratio (29.9%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 3A6's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 3A6's debt is well covered by operating cash flow (30.1%).
Interest Coverage: 3A6's interest payments on its debt are well covered by EBIT (4.3x coverage).