Current Assets

Total Current Assets

Phillips 66 Total Current Assets increased by 58.6% to $27.40B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 49.9%, from $18.28B to $27.40B. Over 5 years (FY 2020 to FY 2025), Total Current Assets shows an upward trend with a 5.4% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementBalance Sheet Statement
SectionCurrent Assets
CategoryLiquidity
SignalHigher is better
VolatilityModerate
First reportedQ3 2015
Last reportedQ4 2025

How to read this metric

A higher value relative to current liabilities indicates a strong safety margin for meeting short-term obligations.

Detailed definition

The sum of all assets that are reasonably expected to be converted into cash or consumed within one year. This aggregate...

Peer comparison

High-growth tech companies often maintain high current asset levels to support rapid scaling and R&D needs.

Metric ID: total_current_assets

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$15.78B$16.02B$14.70B$19.85B$22.49B$23.27B$21.92B$22.67B$19.90B$22.50B$19.94B$20.70B$20.92B$19.31B$17.91B$18.28B$21.08B$22.02B$17.27B$27.40B
QoQ Change+1.5%-8.3%+35.1%+13.3%+3.5%-5.8%+3.4%-12.2%+13.1%-11.4%+3.8%+1.0%-7.7%-7.2%+2.1%+15.3%+4.5%-21.6%+58.6%
YoY Change+42.5%+45.3%+49.2%+14.2%-11.5%-3.3%-9.0%-8.7%+5.1%-14.2%-10.2%-11.7%+0.8%+14.0%-3.6%+49.9%
Range$14.70B$27.40B
CAGR+12.3%
Avg YoY Growth+9.3%
Median YoY Growth-1.3%

Frequently Asked Questions

What is Phillips 66's total current assets?
Phillips 66 (PSX) reported total current assets of $27.40B in Q1 2026.
How has Phillips 66's total current assets changed year-over-year?
Phillips 66's total current assets increased by 49.9% year-over-year, from $18.28B to $27.40B.
What is the long-term trend for Phillips 66's total current assets?
Over 5 years (2020 to 2025), Phillips 66's total current assets has grown at a 5.4% compound annual growth rate (CAGR), from $13.28B to $17.27B.
What does total current assets mean?
Everything the company owns that can be turned into cash within a single year.