What is Phinia Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Phinia's interest expense for the
three
months ended in Mar. 2024 was $ -22 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-70 Mil.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Phinia's Operating Income for the
three
months ended in Mar. 2024 was $ 90 Mil. Phinia's Interest Expense for the
three
months ended in Mar. 2024 was $ -22 Mil.
Phinia's Interest Coverage for the quarter that ended in Mar. 2024 was 4.09.
The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Phinia Interest Expense Historical Data
The historical data trend for Phinia's Interest Expense 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.
Phinia Interest Expense Chart
|
Phinia Annual Data
|
|
Trend |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Interest Expense |
|
-17.00 |
-35.00 |
-20.00 |
-56.00 |
|
Phinia Quarterly Data
|
|
Dec20 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
| Interest Expense |
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|
|
|
|
-6.00 |
-4.00 |
-22.00 |
-22.00 |
-22.00 |
Phinia Interest Expense Calculation
Interest Expense is the amount reported by a company or individual as an expense for borrowed money.
Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-70 Mil.
* 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.
Phinia (NYSE:PHIN) Interest Expense Explanation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Phinia's Interest Expense for the
three
months ended in Mar. 2024 was $-22 Mil. Its
Operating Income
for the
three
months ended in Mar. 2024 was $90 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Mar. 2024 was $752 Mil.
Phinia's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
* 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.
The higher the ratio, the stronger the company's financial strength is.
Phinia (Phinia) Business Description
Traded in Other Exchanges
Address
3000 University Drive, Auburn Hills, MI, USA, 48326
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 |
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