PHINIA (PHIN) - Net Assets

Net assets on the balance sheet as of December 2024 : $1.57 Billion USD

According to PHINIA's latest financial reports the company has $1.57 Billion USD in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

PHINIA - Net assets on balance sheet (from 2022 to 2024)

Net assets by year

Year	Net assets	Change
2024-12-31	$$1.57 B	-16.59%
2023-12-31	$$1.88 B	14.85%
2022-12-31	$$1.64 B	-4.03%
2021-12-31	$$1.71 B

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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PHINIA (PHIN) - Net assets