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Phillips 66 (MIL:1PSX) Equity-to-Asset : 0.38 (As of Sep. 2024)


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What is Phillips 66 Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Phillips 66's Total Stockholders Equity for the quarter that ended in Sep. 2024 was €25,879 Mil. Phillips 66's Total Assets for the quarter that ended in Sep. 2024 was €67,647 Mil. Therefore, Phillips 66's Equity to Asset Ratio for the quarter that ended in Sep. 2024 was 0.38.

The historical rank and industry rank for Phillips 66's Equity-to-Asset or its related term are showing as below:

MIL:1PSX' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.32   Med: 0.41   Max: 0.48
Current: 0.38

During the past 13 years, the highest Equity to Asset Ratio of Phillips 66 was 0.48. The lowest was 0.32. And the median was 0.41.

MIL:1PSX's Equity-to-Asset is ranked worse than
64.29% of 1064 companies
in the Oil & Gas industry
Industry Median: 0.5 vs MIL:1PSX: 0.38

Phillips 66 Equity-to-Asset Historical Data

The historical data trend for Phillips 66's Equity-to-Asset 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.

* Premium members only.

Phillips 66 Equity-to-Asset Chart

Phillips 66 Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.42 0.35 0.35 0.39 0.41

Phillips 66 Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Equity-to-Asset Get a 7-Day Free Trial 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 0.40 0.41 0.39 0.39 0.38

Competitive Comparison of Phillips 66's Equity-to-Asset

For the Oil & Gas Refining & Marketing subindustry, Phillips 66's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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's Equity-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Phillips 66's Equity-to-Asset distribution charts can be found below:

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



Phillips 66 Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Phillips 66's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )=Total Stockholders Equity/Total Assets
=28044.611/69234.417
=0.41

Phillips 66's Equity to Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

Equity to Asset (Q: Sep. 2024 )=Total Stockholders Equity/Total Assets
=25878.522/67647.08
=0.38

* 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.


Phillips 66  (MIL:1PSX) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Phillips 66 Equity-to-Asset Related Terms

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


Phillips 66 Business Description

Comparable Companies
Address
2331 CityWest Boulevard, Houston, TX, USA, 77042
Phillips 66 is an independent refiner with 12 refineries that have a total crude throughput capacity of 1.8 million barrels per day, or mmb/d. In 2023, the Rodeo, California, facility ceased operations and be converted to produce renewable diesel. The midstream segment comprises extensive transportation and NGL processing assets and includes DCP Midstream, which holds 600 mbd of NGL fractionation and 22,000 miles of pipeline. Its CPChem chemical joint venture operates facilities in the United States and the Middle East and primarily produces olefins and polyolefins.

Phillips 66 Headlines

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