Phillips 66 (PSX)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 17,910,000 | 19,307,000 | 20,916,000 | 20,704,000 | 19,941,000 | 22,496,000 | 19,898,000 | 22,670,000 | 21,922,000 | 23,270,000 | 22,492,000 | 19,854,000 | 14,697,000 | 16,019,000 | 15,780,000 | 14,418,000 | 13,276,000 | 12,822,000 | 12,499,000 | 11,705,000 |
| Total current liabilities | US$ in thousands | 15,087,000 | 15,922,000 | 18,271,000 | 17,667,000 | 15,856,000 | 17,416,000 | 14,971,000 | 14,705,000 | 15,889,000 | 17,882,000 | 17,608,000 | 17,603,000 | 12,801,000 | 13,921,000 | 14,551,000 | 11,431,000 | 9,518,000 | 10,513,000 | 10,023,000 | 10,529,000 |
| Current ratio | 1.19 | 1.21 | 1.14 | 1.17 | 1.26 | 1.29 | 1.33 | 1.54 | 1.38 | 1.30 | 1.28 | 1.13 | 1.15 | 1.15 | 1.08 | 1.26 | 1.39 | 1.22 | 1.25 | 1.11 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $17,910,000K ÷ $15,087,000K
= 1.19
The current ratio of Phillips 66 has shown some fluctuations over the past few years, ranging from a low of 1.08 on June 30, 2021, to a high of 1.54 on March 31, 2023. The current ratio measures the company's ability to meet its short-term obligations with its current assets, with a ratio above 1 indicating that the company has more current assets than current liabilities.
Overall, the current ratio has generally remained above 1, indicating that Phillips 66 has had sufficient current assets to cover its current liabilities. This is a positive sign as it suggests the company has liquidity to meet its short-term financial obligations. While there have been some fluctuations, including a slight decrease in the current ratio in recent quarters, the ratio has generally remained within a reasonable range.
It is important for investors and analysts to continue monitoring the current ratio as a key indicator of Phillips 66's liquidity position and ability to manage short-term financial obligations effectively.
Peer comparison
Dec 31, 2024