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LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Phinia's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.19.
Phinia's long-term debt to total assets ratio declined from Mar. 2023 (0.21) to Mar. 2024 (0.19). It may suggest that Phinia is progressively becoming less dependent on debt to grow their business.
The historical data trend for Phinia's LT-Debt-to-Total-Asset 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 Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
LT-Debt-to-Total-Asset | - | 0.02 | 0.02 | 0.19 |
Phinia Quarterly Data | |||||||||||
Dec20 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.21 | 0.02 | 0.18 | 0.19 | 0.19 |
Phinia's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
LT Debt to Total Assets (A: Dec. 2023 ) | = | Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 ) | / | Total Assets (A: Dec. 2023 ) |
= | 758 | / | 4041 | |
= | 0.19 |
Phinia's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as
LT Debt to Total Assets (Q: Mar. 2024 ) | = | Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 ) | / | Total Assets (Q: Mar. 2024 ) |
= | 752 | / | 3978 | |
= | 0.19 |
* 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) LT-Debt-to-Total-Asset Explanation
LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.
Thank you for viewing the detailed overview of Phinia's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
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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