Phillips 66 Balance Sheet Health
Financial Health criteria checks 3/6
Phillips 66 has a total shareholder equity of $29.8B and total debt of $20.0B, which brings its debt-to-equity ratio to 67.1%. Its total assets and total liabilities are $75.1B and $45.3B respectively. Phillips 66's EBIT is $3.4B making its interest coverage ratio 5.8. It has cash and short-term investments of $1.6B.
Key information
67.1%
Debt to equity ratio
US$20.00b
Debt
| Interest coverage ratio | 5.8x |
| Cash | US$1.64b |
| Equity | US$29.78b |
| Total liabilities | US$45.30b |
| Total assets | US$75.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: P1SX34's short term assets ($19.3B) exceed its short term liabilities ($15.9B).
Long Term Liabilities: P1SX34's short term assets ($19.3B) do not cover its long term liabilities ($29.4B).
Debt to Equity History and Analysis
Debt Level: P1SX34's net debt to equity ratio (61.6%) is considered high.
Reducing Debt: P1SX34's debt to equity ratio has increased from 43.4% to 67.1% over the past 5 years.
Debt Coverage: P1SX34's debt is well covered by operating cash flow (25.9%).
Interest Coverage: P1SX34's interest payments on its debt are well covered by EBIT (5.8x coverage).