Phillips 66 (PSX)

Debt-to-capital 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 stockholders’ equity US$ in thousands 27,408,000 28,722,000 29,455,000 29,726,000 31,650,000 30,821,000 29,898,000 30,249,000 29,494,000 28,233,000 24,276,000 21,815,000 19,166,000 18,139,000 18,149,000 17,979,000 18,984,000 19,722,000 20,715,000 21,372,000
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $27,408,000K)
= 0.00

The debt-to-capital ratio for Phillips 66 has consistently been recorded as 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not had any long-term debt on its balance sheet during this period. A debt-to-capital ratio of zero typically signifies that the company's capital structure is predominantly equity-financed rather than debt-financed. In this case, Phillips 66 appears to have a low financial risk in terms of leverage, as it has not been relying on debt to fund its operations or investments. However, it is essential to consider other financial metrics and factors to gain a comprehensive understanding of the company's financial health and risk profile.


See also:

Phillips 66 Debt to Capital (Quarterly Data)