Phillips 66 (FRA:R66) Debt-to-Equity : 0.68 (As of Mar. 2024)

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What is Phillips 66 Debt-to-Equity?

Phillips 66's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €2,139 Mil. Phillips 66's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €16,403 Mil. Phillips 66's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €27,348 Mil. Phillips 66's debt to equity for the quarter that ended in Mar. 2024 was 0.68.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Phillips 66's Debt-to-Equity or its related term are showing as below:

FRA:R66' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.48 Max: 0.86
Current: 0.68

During the past 13 years, the highest Debt-to-Equity Ratio of Phillips 66 was 0.86. The lowest was 0.29. And the median was 0.48.

FRA:R66's Debt-to-Equity is ranked worse than
63.06% of 831 companies
in the Oil & Gas industry
Industry Median: 0.44 vs FRA:R66: 0.68

Phillips 66 Debt-to-Equity Historical Data

The historical data trend for Phillips 66's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Phillips 66 Debt-to-Equity Chart

Phillips 66 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.47

0.84

0.75

0.58

0.63

Phillips 66 Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.61	0.66	0.63	0.63	0.68

Competitive Comparison of Phillips 66's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Phillips 66's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Phillips 66's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Phillips 66's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Phillips 66's Debt-to-Equity falls into.

Phillips 66 Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Phillips 66's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1358.994	+	16393.209)	/	28044.611
	=	0.63

Phillips 66's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2139	+	16402.68)	/	27347.92
	=	0.68

Phillips 66 (FRA:R66) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Phillips 66 Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Phillips 66's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Phillips 66 (FRA:R66) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Phillips 66 (FRA:R66) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PSX:USA PSX:Mexico 1PSX:Italy R66:Germany P1SX34:Brazil PSXC:Austria

Address

2331 CityWest Boulevard, Houston, TX, USA, 77042

Website

https://www.phillips66.com

Phillips 66 is an independent refiner with 12 refineries that have a total crude throughput capacity of 1.9 million barrels per day, or mmb/d. In 2023, the Rodeo, California, facility will cease operations and be converted to produce renewable diesel. The midstream segment comprises extensive transportation and NGL processing assets and includes DCP Midstream, which holds 600 mbd of NGL fractionation and 22,000 miles of pipeline. Its CPChem chemical joint venture operates facilities in the United States and the Middle East and primarily produces olefins and polyolefins.

Phillips 66 (FRA:R66) Headlines

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