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
ConocoPhillips
COP
0.00
CVR Energy Inc
CVI
0.35
Marathon Petroleum Corp
MPC
0.00
PBF Energy Inc
PBF
0.11