Phillips 66 (PSX)

Debt-to-capital ratio

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 30,583,000 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 24,910,000 24,857,000 24,752,000 24,217,000
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, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $30,583,000K)
= 0.00

The debt-to-capital ratio of Phillips 66 has remained relatively stable over the past eight quarters, fluctuating between 0.35 to 0.40. This indicates that the company has maintained a consistent level of debt relative to its total capital structure during this period. A debt-to-capital ratio of around 0.4 suggests that Phillips 66 relies moderately on debt financing, using debt for approximately 40% of its total capital. Overall, the company's debt levels appear to be within a reasonable range, without any significant spikes or declines that would raise concerns about its financial leverage.


Peer comparison

Dec 31, 2023


See also:

Phillips 66 Debt to Capital (Quarterly Data)