Phillips 66 (PSX)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 72,582,000 | 75,501,000 | 76,442,000 | 55,594,000 | 54,721,000 |
| Total stockholders’ equity | US$ in thousands | 27,408,000 | 30,583,000 | 29,494,000 | 19,166,000 | 18,984,000 |
| Financial leverage ratio | 2.65 | 2.47 | 2.59 | 2.90 | 2.88 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $72,582,000K ÷ $27,408,000K
= 2.65
The financial leverage ratio of Phillips 66 has shown some fluctuations over the past five years. In December 31, 2020, the ratio was 2.88, which increased slightly to 2.90 by December 31, 2021. However, there was a notable decrease in the financial leverage ratio to 2.59 by December 31, 2022. This downward trend continued with the ratio further declining to 2.47 by December 31, 2023 before rebounding to 2.65 by December 31, 2024. Overall, the financial leverage ratio of Phillips 66 indicates a moderate level of leverage, with fluctuations suggesting changes in the company's capital structure and debt levels over the years.
Peer comparison
Dec 31, 2024