Phillips 66 (PSX)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 27,408,000 | 30,583,000 | 29,494,000 | 19,166,000 | 18,984,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $27,408,000K)
= 0.00
The debt-to-capital ratio of Phillips 66 has been consistent at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has been financing its operations without relying heavily on debt relative to its total capital. A debt-to-capital ratio of 0.00 means the company has either no debt or that its debt level is negligible compared to its total capital, suggesting a conservative approach to leverage. Overall, this stable and low debt-to-capital ratio signifies a strong financial position and the ability to manage financial obligations effectively.
Peer comparison
Dec 31, 2024