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 ratio5.8x
CashUS$1.64b
EquityUS$29.78b
Total liabilitiesUS$45.30b
Total assetsUS$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).


Balance Sheet


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