Phinia (Phinia) Debt-to-Equity : 0.46 (As of Mar. 2024)

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What is Phinia Debt-to-Equity?

Phinia's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $107 Mil. Phinia's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $752 Mil. Phinia's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $1,850 Mil. Phinia's debt to equity for the quarter that ended in Mar. 2024 was 0.46.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Phinia's Debt-to-Equity or its related term are showing as below:

PHIN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.43 Max: 0.46
Current: 0.43

During the past 4 years, the highest Debt-to-Equity Ratio of Phinia was 0.46. The lowest was 0.05. And the median was 0.43.

PHIN's Debt-to-Equity is ranked better than
52.85% of 1175 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs PHIN: 0.43

Phinia Debt-to-Equity Historical Data

The historical data trend for Phinia's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Phinia Debt-to-Equity Chart

Phinia Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

N/A

0.06

0.13

0.46

Phinia Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial						0.46	0.05	0.46	0.46	0.46

Competitive Comparison of Phinia's Debt-to-Equity

For the Auto Parts subindustry, Phinia's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Phinia's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Phinia's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Phinia's Debt-to-Equity falls into.

Phinia Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Phinia's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(106	+	758)	/	1887
	=	0.46

Phinia's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(107	+	752)	/	1850
	=	0.46

Phinia (NYSE:PHIN) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Phinia Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Phinia's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Phinia (Phinia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Phinia Inc (NYSE:PHIN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

3A6:Germany

Address

3000 University Drive, Auburn Hills, MI, USA, 48326

Website

Phinia Inc is a leader in the development, design and manufacture of integrated components and systems that optimize performance, increase efficiency and reduce emissions in combustion and hybrid propulsion for commercial vehicles and industrial applications and light vehicles. It is a global supplier to most major original equipment manufacturers (OEMs) and offers a wide range of original equipment service (OES) solutions and remanufactured products as well as an expanded range of products for the independent (non-OEM) aftermarket. Phinia has an extensive original equipment portfolio of advanced fuel injection systems, fuel delivery modules, canisters, starters, alternators, sensors, electronic control modules and associated software.

Executives

Neil Fryer	officer: VP and GM Global Aftermarket*	3000 UNIVERSITY DRIVE, AUBURN HILLS MI 48326
Samuel R. Chapin	director	940 WINTER STREET, C/O PERKINELMER, WALTHAM MA 02451
Brady D Ericson	officer: President and CEO*	3850 HAMLIN ROAD, AUBURN HILLS MI 48326
Latondra Newton	director	3000 UNIVERSITY DRIVE, AUBURN HILLS MI 48326
Daun Norman	director	C/O GARRETT MOTION INC., LA PIECE 16, ROLLE V8 1180
Beasi Alisa Di	officer: VP and CHRO*	3000 UNIVERSITY DRIVE, AUBURN HILLS MI 48326
Christopher Gustanski	officer: VP, Operational Excellence*	3000 UNIVERSITY DRIVE, AUBURN HILLS MI 48326
Matthew Logar	officer: VP and CIO*	3000 UNIVERSITY DRIVE, AUBURN HILLS MI 48326
Michael Coetzee	officer: VP and GM Fuel Syst. Americas*	3000 UNIVERSITY DRIVE, AUBURN HILLS MI 48326
Samantha Pombier	officer: VP Controller and CAO*	3000 UNIVERSITY DRIVE, AUBURN HILLS MI 48326
John Lipinski	officer: VP and GM Fuel Syst. Europe*	3000 UNIVERSITY DRIVE, AUBURN HILLS MI 48326
Sebastian Dori	officer: VP and CPO*	3000 UNIVERSITY DRIVE, AUBURN HILLS MI 48326
Todd L Anderson	officer: VP and Chief Tech. Officer*	5605 CARNEGIE BLVD. SUITE 500, CHARLOTTE NC 28209
Roger Wood	director	3850 HAMLIN RD., AUBURN HILLS MI 48326
Robin Kendrick	director	BORGWARNER INC., 3850 HAMLIN ROAD, AUBURN HILLS MI 48326