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Phillips 66 PSX Debt-to-assets

Debt-to-assets at other companies

SBA Communications logo
SBA CommunicationsSBAC
650%0.0pp
MIT
TPG Mortgage Investment Trust MITT
$50.08M
EFC
Ellington Financial Inc.EFC
$17.1B+19.6%
FBR
Franklin BSP Realty TrustFBRT
$1.19B
Arbor Realty Trust logo
Arbor Realty TrustABR
69%-1.0pp
FBR
Franklin BSP Realty TrustFBRT
$4.95B-0.4%

Other financials

Income statement

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Revenue$32.5B+6.9%
Gross profit$3.3B+20.0%
Net income$207.0M-57.5%
EPS (diluted)$0.51-56.8%

Balance sheet

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Cash & equivalents$5.2B+246%
Total debt$21.7B+0.7%
Total equity$28.5B+4.6%
Total assets$84.1B+17.0%

Cash flow

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Operating cash flow-$2.3B-1,311%

Valuation

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Market cap$66.61B+45.0%
P/E16.2×-8.6×
P/S0.5×+0.2×

Profitability

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Gross margin12.5%+3.4pp
Net margin3.1%+1.7pp

Returns & leverage

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Return on equity14.8%+8.3pp
Debt / equity0.7×0.0×
Current ratio1.1×-0.1×

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 debt-to-assets?
Phillips 66 (PSX) reported debt-to-assets of 0.3× in Q4 2025.
How has Phillips 66's debt-to-assets changed year-over-year?
Phillips 66's debt-to-assets decreased by 0.8% year-over-year, from 0.3× to 0.3×.
What is the long-term trend for Phillips 66's debt-to-assets?
Over 5 years (2020 to 2025), Phillips 66's debt-to-assets has grown at a -1.3% compound annual growth rate (CAGR), from 0.3× to 0.3×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.