Phillips 66 Partners LP (Phillips 66 Partners LP) Cash-to-Debt : 0.02 (As of Dec. 2021)

View and export this data going back to 2013. Start your Free Trial

What is Phillips 66 Partners LP Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Phillips 66 Partners LP's cash to debt ratio for the quarter that ended in Dec. 2021 was 0.02.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Phillips 66 Partners LP couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2021.

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

PSXP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: No Debt
Current: 0.02

During the past 11 years, Phillips 66 Partners LP's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.02.

PSXP's Cash-to-Debt is not ranked
in the Oil & Gas industry.
Industry Median: 0.49 vs PSXP: 0.02

Phillips 66 Partners LP Cash-to-Debt Historical Data

The historical data trend for Phillips 66 Partners LP's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Phillips 66 Partners LP Cash-to-Debt Chart

Phillips 66 Partners LP Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash-to-Debt

Get a 7-Day Free Trial

0.06

0.08

0.02

Phillips 66 Partners LP Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Cash-to-Debt	Get a 7-Day Free Trial															-	-	-	0.02	0.02

Competitive Comparison of Phillips 66 Partners LP's Cash-to-Debt

For the Oil & Gas Midstream subindustry, Phillips 66 Partners LP's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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 Partners LP's Cash-to-Debt Distribution in the Oil & Gas Industry

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

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

Phillips 66 Partners LP Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Phillips 66 Partners LP's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	62	/	(450	+	3447)
	=	0.02

Phillips 66 Partners LP's Cash to Debt Ratio for the quarter that ended in Dec. 2021 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	62	/	(450	+	3447)
	=	0.02

Phillips 66 Partners LP (NYSE:PSXP) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Phillips 66 Partners LP Cash-to-Debt Related Terms

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

Phillips 66 Partners LP (Phillips 66 Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Phillips 66 Partners LP (NYSE:PSXP) » Definitions » Cash-to-Debt

Comparable Companies

TCP DCP AM PAGP ENBL ETRN NS HEP VNOM FRO TSX:ENB EPD TSX:TRP KMI WMB ET MPLX CQP OKE TSX:PPL

Traded in Other Exchanges

N/A

Address

2331 CityWest Boulevard, Houston, TX, USA, 77042

Website

https://www.phillips66partners.com

Phillips 66 Partners is a master limited partnership that provides fee-based transportation, processing, storage, and fractionation services primarily to Phillips 66, which owns a 74% limited partner interest. Phillips 66 Partners' primary revenue sources are long-term, fee-based contracts to handle crude, natural gas liquids, and refined products. Phillips 66 manages and operates Phillips 66 Partners as its noneconomic general partner. Phillips 66's general partner economic interest and incentive distribution rights were eliminated in August 2019.

Executives

Mark Haney	director	3010 BRIARPARK DRIVE, HOUSTON TX 77042
Phillip David Bairrington	director	C/O PHILLIPS 66 CORPORATE LEGAL, N13 2331 CITYWEST BLVD. HOUSTON TX 77042
Paula Ann Johnson	director	600 N. DAIRY ASHFORD, HOUSTON TX 77079
Charles Douglas Johnson	director	600 N. DAIRY ASHFORD, HOUSTON TX 77079
66 Phillips	director, 10 percent owner	2331 CITYWEST BLVD., HOUSTON TX 77042
Phillips 66 Co	director, 10 percent owner	2331 CITYWEST BLVD., HOUSTON TX 77042
Phillips 66 Project Development Inc.	director, 10 percent owner	P.O. BOX 4428, HOUSTON TX 77210
Kevin J Mitchell	director, officer: Vice President & CFO	3010 BRIARPARK DRIVE, HOUSTON TX 77042
Rosy Zuklic	officer: VP & Chief Operating Officer	2331 CITYWEST BLVD. HOUSTON TX 77042
Gary Kramer Adams	director	15624 BUMBLE BEE LANE, ROGERS AR 72758
Timothy Garth Taylor	director, officer: President	P.O. BOX 268836, OKLAHOMA CITY OK 73102
Timothy D. Roberts	director	C/O PHILLIPS 66 PARTNERS LP, 3010 BRIARPARK DRIVE, HOUSTON TX 77042
Chukwuemeka A. Oyolu	officer: Vice President & Controller	3010 BRIARPARK DRIVE, HOUSTON TX 77042
J. T. Liberti	officer: VP and Chief Operating Officer	3010 BRIARPARK DRIVE HOUSTON TX 77042
Robert A Herman	director	3010 BRIARPARK DRIVE, 9TH FLOOR, HOUSTON TX 77042