PHINIA Balance Sheet Health
Financial Health criteria checks 5/6
PHINIA has a total shareholder equity of $2.0B and total debt of $659.0M, which brings its debt-to-equity ratio to 33.1%. Its total assets and total liabilities are $3.9B and $1.9B respectively. PHINIA's EBIT is $408.0M making its interest coverage ratio 31.4. It has cash and short-term investments of $217.0M.
Key information
33.1%
Debt to equity ratio
US$659.00m
Debt
| Interest coverage ratio | 31.4x |
| Cash | US$217.00m |
| Equity | US$1.99b |
| Total liabilities | US$1.88b |
| Total assets | US$3.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PHIN *'s short term assets ($1.7B) exceed its short term liabilities ($947.0M).
Long Term Liabilities: PHIN *'s short term assets ($1.7B) exceed its long term liabilities ($930.0M).
Debt to Equity History and Analysis
Debt Level: PHIN *'s net debt to equity ratio (22.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if PHIN *'s debt to equity ratio has reduced over the past 5 years.
Debt Coverage: PHIN *'s debt is well covered by operating cash flow (39.3%).
Interest Coverage: PHIN *'s interest payments on its debt are well covered by EBIT (31.4x coverage).