PHINIA Balance Sheet Health
Financial Health criteria checks 5/6
PHINIA has a total shareholder equity of $1.9B and total debt of $796.0M, which brings its debt-to-equity ratio to 43%. Its total assets and total liabilities are $4.0B and $2.1B respectively. PHINIA's EBIT is $341.0M making its interest coverage ratio 5.9. It has cash and short-term investments of $328.0M.
Key information
43.0%
Debt to equity ratio
US$796.00m
Debt
| Interest coverage ratio | 5.9x |
| Cash | US$328.00m |
| Equity | US$1.85b |
| Total liabilities | US$2.13b |
| Total assets | US$3.98b |
Recent financial health updates
Recent updates
These 4 Measures Indicate That PHINIA (NYSE:PHIN) Is Using Debt Reasonably Well
Feb 16
Phinia: Guidance Improvements, Very Cheap, And BorgWarner Spinoff
Dec 26Some Shareholders Feeling Restless Over PHINIA Inc.'s (NYSE:PHIN) P/S Ratio
Dec 18There May Be Reason For Hope In PHINIA's (NYSE:PHIN) Disappointing Earnings
Nov 13Phinia: On Cruise Control For The Next Year, Moving To The Fast Lane In 2025
Oct 11Phinia: Unraveling The Tale Of A Recent BorgWarner Spinoff
Aug 31PHINIA: Highly Catalyzed Spin-Off At 3.5x EBITDA - 100%+ Upside
Jul 31Phinia: Great Opportunity After Spin-Off
Jul 25Financial Position Analysis
Short Term Liabilities: PHIN's short term assets ($1.9B) exceed its short term liabilities ($1.1B).
Long Term Liabilities: PHIN's short term assets ($1.9B) exceed its long term liabilities ($1.0B).
Debt to Equity History and Analysis
Debt Level: PHIN's net debt to equity ratio (25.3%) 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 (39.4%).
Interest Coverage: PHIN's interest payments on its debt are well covered by EBIT (5.9x coverage).