Phillips 66 Balance Sheet Health
Financial Health criteria checks 3/6
Phillips 66 has a total shareholder equity of $30.5B and total debt of $20.0B, which brings its debt-to-equity ratio to 65.4%. Its total assets and total liabilities are $75.9B and $45.4B respectively. Phillips 66's EBIT is $5.8B making its interest coverage ratio 10. It has cash and short-term investments of $2.4B.
Key information
65.4%
Debt to equity ratio
US$19.96b
Debt
| Interest coverage ratio | 10x |
| Cash | US$2.44b |
| Equity | US$30.51b |
| Total liabilities | US$45.44b |
| Total assets | US$75.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PSXD's short term assets ($20.9B) exceed its short term liabilities ($18.3B).
Long Term Liabilities: PSXD's short term assets ($20.9B) do not cover its long term liabilities ($27.2B).
Debt to Equity History and Analysis
Debt Level: PSXD's net debt to equity ratio (57.4%) is considered high.
Reducing Debt: PSXD's debt to equity ratio has increased from 41.3% to 65.4% over the past 5 years.
Debt Coverage: PSXD's debt is well covered by operating cash flow (33.7%).
Interest Coverage: PSXD's interest payments on its debt are well covered by EBIT (10x coverage).