Phillips 66 (PSX) Debt Metrics
Market Cap: $40.38B
Avg Volume: 3.84M
Industry: Oil & Gas Refining & Marketing
Sector: Energy
How much debt does Phillips 66 have?
According to Phillips 66's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Phillips 66's total debt stands at $20.06B. This is broken down into:
- Long-term debt: $18.23B
- Short-term debt: $1.83B
The company's net debt, which accounts for cash and cash equivalents, is $18.32B. In terms of overall financial obligations, Phillips 66's total liabilities amount to $44.12B.
Debt Ratios and Metrics
To better understand Phillips 66's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.73 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 27.64% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 1.84 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 39.95% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 42.26% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Phillips 66's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$20.06B
Long-term Debt
$18.23B
Short-term Debt
$1.83B
Net Debt
$18.32B
Total Liabilities
$44.12B
Interest Coverage
1.84
Debt to Equity Ratio
0.73
Debt Ratio
27.64%
Phillips 66 Historical Debt Metrics
Phillips 66 Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $20.06B | $18.23B | $1.83B | $18.32B | $44.12B | 0.73 | 27.64% | 1.84 | 39.95% | 42.26% |
| 2023 | $19.36B | $17.88B | $1.46B | $16.04B | $43.85B | 0.63 | 25.64% | 8.66 | 36.89% | 38.76% |
| 2022 | $17.19B | $17.64B | $529.00M | $11.06B | $42.34B | 0.58 | 22.49% | 19.85 | 36.10% | 36.82% |
| 2021 | $14.45B | $13.22B | $1.52B | $11.30B | $33.96B | 0.75 | 25.99% | 6.32 | 40.34% | 42.98% |
| 2020 | $15.89B | $15.15B | $1.00B | $13.38B | $33.20B | 0.84 | 29.04% | -0.55 | 43.98% | 45.57% |
| 2019 | $11.76B | $12.02B | $565.00M | $10.15B | $31.55B | 0.47 | 20.03% | 11.44 | 30.55% | 32.08% |
| 2018 | $11.16B | $11.26B | $67.00M | $8.14B | $27.15B | 0.45 | 20.55% | 9.85 | 31.03% | 31.16% |
| 2017 | $10.11B | $10.07B | $41.00M | $6.99B | $26.94B | 0.40 | 18.59% | 3.85 | 28.64% | 28.73% |
| 2016 | $10.14B | $9.59B | $550.00M | $7.43B | $27.93B | 0.45 | 19.63% | 2.90 | 29.98% | 31.17% |
| 2015 | $8.89B | $8.84B | $44.00M | $5.81B | $24.64B | 0.38 | 18.29% | 13.47 | 27.68% | 27.78% |
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