Phillips 66 Balance Sheet Health
Financial Health criteria checks 3/6
Phillips 66 has a total shareholder equity of $31.7B and total debt of $20.5B, which brings its debt-to-equity ratio to 64.8%. Its total assets and total liabilities are $75.5B and $43.9B respectively. Phillips 66's EBIT is $6.6B making its interest coverage ratio 10.8. It has cash and short-term investments of $3.3B.
Key information
64.8%
Debt to equity ratio
US$20.51b
Debt
Interest coverage ratio | 10.8x |
Cash | US$3.32b |
Equity | US$31.65b |
Total liabilities | US$43.85b |
Total assets | US$75.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: R66's short term assets ($19.9B) exceed its short term liabilities ($15.9B).
Long Term Liabilities: R66's short term assets ($19.9B) do not cover its long term liabilities ($28.0B).
Debt to Equity History and Analysis
Debt Level: R66's net debt to equity ratio (54.3%) is considered high.
Reducing Debt: R66's debt to equity ratio has increased from 41.6% to 64.8% over the past 5 years.
Debt Coverage: R66's debt is well covered by operating cash flow (27.3%).
Interest Coverage: R66's interest payments on its debt are well covered by EBIT (10.8x coverage).