Phillips 66 (PSX)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 72,582,000 | 75,080,000 | 75,945,000 | 76,399,000 | 75,501,000 | 77,786,000 | 74,886,000 | 77,262,000 | 76,442,000 | 77,339,000 | 62,812,000 | 60,638,000 | 55,594,000 | 56,407,000 | 56,977,000 | 55,496,000 | 54,721,000 | 54,281,000 | 54,518,000 | 53,460,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $72,582,000K
= 0.00
The debt-to-assets ratio of Phillips 66 has consistently remained at 0.00% from March 31, 2020, to December 31, 2024. This indicates that the company has not taken on any long-term debt relative to its total assets during this period. A debt-to-assets ratio of 0.00% suggests that Phillips 66 relies more on equity financing rather than debt to fund its operations and investment activities. It also indicates a strong financial position with low financial risk, as the company's assets are primarily financed by equity rather than debt.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
Phillips 66
PSX
0.00
Chevron Corp
CVX
0.00
ConocoPhillips
COP
0.00
CVR Energy Inc
CVI
0.35
Exxon Mobil Corp
XOM
0.00
Hess Corporation
HES
0.00
Marathon Petroleum Corp
MPC
0.00
PBF Energy Inc
PBF
0.11
Valero Energy Corporation
VLO
0.00