Phillips 66 PSX Current ratio
Current ratio at other companies
Other financials
Where this comes from
Calculated from Phillips 66’s reported figures.
Based on the most recent quarter.
The official record: Phillips 66’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Phillips 66's current ratio?
- Phillips 66 (PSX) reported current ratio of 1.1× in Q1 2026.
- How has Phillips 66's current ratio changed year-over-year?
- Phillips 66's current ratio decreased by 7.8% year-over-year, from 1.2× to 1.1×.
- What is the long-term trend for Phillips 66's current ratio?
- Over 5 years (2020 to 2025), Phillips 66's current ratio has grown at a -1.5% compound annual growth rate (CAGR), from 1.4× to 1.3×.
- What does current ratio mean?
- Whether the company has enough short-term assets to cover its short-term bills.
- How do you interpret current ratio?
- Above 1.0 means short-term assets cover short-term liabilities. Very high values can signal idle cash or bloated inventory/receivables rather than strength — there's a healthy middle, not 'more is better'.
- How does current ratio compare across companies?
- Comparable within an industry. Working-capital-light businesses can operate safely below 1.0 by collecting before they pay.