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
Phillips 66 (NYSE:PSX) Seems To Use Debt Quite Sensibly
Dec 21Is Phillips 66 (NYSE:PSX) Using Too Much Debt?
Sep 20Is Phillips 66 (NYSE:PSX) Using Too Much Debt?
Jun 10We Think Phillips 66 (NYSE:PSX) Can Stay On Top Of Its Debt
Jan 10Recent updates
Phillips 66: Turnaround Still Very Much A Work In Progress
Apr 29Lacklustre Performance Is Driving Phillips 66's (NYSE:PSX) Low P/E
Apr 15Phillips 66: Despite A Dividend Hike, Upside May Be Limited (Rating Downgrade)
Apr 04Phillips 66 (NYSE:PSX) Hasn't Managed To Accelerate Its Returns
Mar 30Phillips 66 Still Has Fuel To Move Higher
Mar 06The Turnaround Star - Why I See Over 40% Upside For Phillips 66
Feb 12Phillips 66 (NYSE:PSX) Will Pay A Dividend Of $1.05
Feb 11Phillips 66: Analyzing Activist Elliot Management's $200 Price Target
Jan 24A Look At The Intrinsic Value Of Phillips 66 (NYSE:PSX)
Jan 17Phillips 66 Has A Lot More In Store For 2024
Jan 10Phillips 66's (NYSE:PSX) Shares Lagging The Market But So Is The Business
Jan 03Phillips 66's Portfolio Strength Will Continue
Dec 25Phillips 66 (NYSE:PSX) Seems To Use Debt Quite Sensibly
Dec 2160% Gains Plus Dividends With Phillips 66 If Elliott Is Right
Dec 053.6% Yield And Undervalued - Phillips 66 Is A Top-Tier Income Play
Nov 20Phillips 66's (NYSE:PSX) Returns On Capital Are Heading Higher
Nov 09Phillips 66: A Diversified Way To Benefit From A Strong Refining Environment
Nov 04Phillips 66 Benefiting From Historically High Distillate Yields
Oct 19Does Phillips 66 (NYSE:PSX) Deserve A Spot On Your Watchlist?
Oct 15Phillips 66: Crack Spread Decline Lowers EPS Estimate By Over Two-Thirds (Rating Downgrade)
Oct 04Calculating The Intrinsic Value Of Phillips 66 (NYSE:PSX)
Oct 03Phillips 66: As Good As It Gets
Sep 28Is Phillips 66 (NYSE:PSX) Using Too Much Debt?
Sep 20Phillips 66 Vs. Valero Energy: One Is A Buy, And One Is Not
Sep 04Phillips 66 - What To Make Of Its 4% Yield
Aug 25Investors Will Want Phillips 66's (NYSE:PSX) Growth In ROCE To Persist
Aug 09Phillips 66: Maintain Buy Recommendation Following Solid Q2 Results
Aug 08Phillips 66: Q2 Results To Show, Once Again, Weak Chemicals Margin
Jul 24Phillips 66: Refineries Have Established Their Strength
Jul 17With EPS Growth And More, Phillips 66 (NYSE:PSX) Makes An Interesting Case
Jul 04Calculating The Intrinsic Value Of Phillips 66 (NYSE:PSX)
Jun 22Is Phillips 66 (NYSE:PSX) Using Too Much Debt?
Jun 10Phillips 66: Impressive Fundamentals Provide For Long-Term Value
Jun 06Phillips 66: Harvesting Juicy Energy Dividends
May 30Phillips 66 (NYSE:PSX) Is Looking To Continue Growing Its Returns On Capital
May 05We Ran A Stock Scan For Earnings Growth And Phillips 66 (NYSE:PSX) Passed With Ease
Mar 27Estimating The Intrinsic Value Of Phillips 66 (NYSE:PSX)
Mar 13Phillips 66 Could Fuel Greater Portfolio Returns
Feb 23Phillips 66 (NYSE:PSX) Will Pay A Larger Dividend Than Last Year At $1.05
Feb 12Phillips 66: Buy The Drop And Secure A 3.9% Dividend Yield
Feb 06Phillips 66 Q4 2022 Earnings Preview
Jan 30Returns Are Gaining Momentum At Phillips 66 (NYSE:PSX)
Jan 28We Think Phillips 66 (NYSE:PSX) Can Stay On Top Of Its Debt
Jan 10Phillips 66 plans to return $10B -$12B to shareholders by 2024 end
Nov 09Financial Position Analysis
Short Term Liabilities: PSX's short term assets ($20.7B) exceed its short term liabilities ($17.7B).
Long Term Liabilities: PSX's short term assets ($20.7B) do not cover its long term liabilities ($27.9B).
Debt to Equity History and Analysis
Debt Level: PSX's net debt to equity ratio (60.4%) is considered high.
Reducing Debt: PSX's debt to equity ratio has increased from 41.6% to 65.4% over the past 5 years.
Debt Coverage: PSX's debt is well covered by operating cash flow (27.8%).
Interest Coverage: PSX's interest payments on its debt are well covered by EBIT (10.8x coverage).