Phillips 66 (LTS:0KHZ) Interest Expense : $-964 Mil (TTM As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Phillips 66 Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Phillips 66's interest expense for the three months ended in Dec. 2023 was $ -228 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-964 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Phillips 66's Operating Income for the three months ended in Dec. 2023 was $ 1,536 Mil. Phillips 66's Interest Expense for the three months ended in Dec. 2023 was $ -228 Mil. Phillips 66's Interest Coverage for the quarter that ended in Dec. 2023 was 6.74. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Phillips 66 Interest Expense Historical Data

The historical data trend for Phillips 66's Interest Expense 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 Interest Expense Chart

Phillips 66 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-481.00

-521.00

-605.00

-642.00

-926.00

Phillips 66 Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-198.00	-273.00	-227.00	-228.00	-236.00

Phillips 66 Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-964 Mil.

Phillips 66 (LTS:0KHZ) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Phillips 66's Interest Expense for the three months ended in Dec. 2023 was $-228 Mil. Its Operating Income for the three months ended in Dec. 2023 was $1,536 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $17,877 Mil.

Phillips 66's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1536	/	-228
	=	6.74

The higher the ratio, the stronger the company's financial strength is.

Phillips 66 (LTS:0KHZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Phillips 66 (LTS:0KHZ) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

PSX:USA PSX:Mexico 1PSX:Italy R66:Germany P1SX34:Brazil PSXC:Austria

Address

2331 CityWest Boulevard, Houston, TX, USA, 77042

Website

https://www.phillips66.com

Phillips 66 is an independent refiner with 12 refineries that have a total crude throughput capacity of 1.9 million barrels per day, or mmb/d. In 2023, the Rodeo, California, facility will cease 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 (LTS:0KHZ) Headlines

No Headlines