Phillips 66 (PSX)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $27,408,000K
= 0.00
The debt-to-equity ratio of Phillips 66 has been consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no debt relative to its equity during these periods. A debt-to-equity ratio of 0.00 usually suggests that the company is not relying on debt financing to operate or grow its business, which could signify financial stability and conservative financial management. It might also imply that the company is using more equity financing compared to debt, which could be seen as a positive sign by investors as it might indicate lower financial risk. However, it's important to consider other financial ratios and indicators in conjunction with the debt-to-equity ratio to have a comprehensive view of the company's financial health.
Peer comparison
Dec 31, 2024