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Phillips 66  (NYSE:PSX) Debt-to-EBITDA : 1.16 As of Sep. 2018

Debt-to-EBITDA measures a company's ability to pay off its debt.

Phillips 66's Current Portion of Long-Term Debt for the quarter that ended in Sep. 2018 was USD 316 Mil. Phillips 66's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2018 was USD 11,021 Mil. Phillips 66's annualized EBITDA for the quarter that ended in Sep. 2018 was USD 9,784 Mil. Phillips 66's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2018 was 1.16.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

NYSE:PSX' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.05   Max: 2.74
Current: 1.61

0.05
2.74

During the past 9 years, the highest Debt-to-EBITDA Ratio of Phillips 66 was 2.74. The lowest was 0.05. And the median was 0.91.

NYSE:PSX's Debt-to-EBITDA is ranked higher than
56% of the 141 Companies
in the Global industry.

( Industry Median: 2.13 vs. NYSE:PSX: 1.61 )

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Phillips 66 Annual Data

Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Debt-to-EBITDA Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.91 1.23 1.20 2.74 1.90

Phillips 66 Quarterly Data

Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
Debt-to-EBITDA Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.50 2.27 2.47 1.23 1.16

Competitive Comparison
* 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.


Phillips 66 Distribution

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



Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Phillips 66's Debt-to-EBITDA for the fiscal year that ended in Dec. 2017 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Current Portion of Long-Term Debt + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(41 + 10069) / 5311
=1.90

Phillips 66's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2018 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Current Portion of Long-Term Debt + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(316 + 11021) / 9784
=1.16

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Sep. 2018) EBITDA data.


Explanation

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


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


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