Phillips 66 Balance Sheet Health
Financial Health criteria checks 3/6
Phillips 66 has a total shareholder equity of $30.8B and total debt of $20.2B, which brings its debt-to-equity ratio to 65.4%. Its total assets and total liabilities are $76.4B and $45.6B respectively. Phillips 66's EBIT is $6.6B making its interest coverage ratio 10.8. It has cash and short-term investments of $1.6B.
Key information
65.4%
Debt to equity ratio
US$20.15b
Debt
Interest coverage ratio | 10.8x |
Cash | US$1.57b |
Equity | US$30.79b |
Total liabilities | US$45.61b |
Total assets | US$76.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PSXD's short term assets ($20.7B) exceed its short term liabilities ($17.7B).
Long Term Liabilities: PSXD's short term assets ($20.7B) do not cover its long term liabilities ($27.9B).
Debt to Equity History and Analysis
Debt Level: PSXD's net debt to equity ratio (60.4%) is considered high.
Reducing Debt: PSXD's debt to equity ratio has increased from 41.6% to 65.4% over the past 5 years.
Debt Coverage: PSXD's debt is well covered by operating cash flow (27.8%).
Interest Coverage: PSXD's interest payments on its debt are well covered by EBIT (10.8x coverage).