Phillips 66 annual debt-to-assets ratio
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Phillips 66 Debt-to-Assets Ratio Growth & History (PSX)
Phillips 66's debt-to-assets ratio was 0.29 for fiscal 2025.
View full Phillips 66 company overviewPhillips 66 annual debt-to-assets ratio history
| Fiscal year | Period ended | Debt-to-assets ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.29 | −0.00 | −0.71% |
| 2024 | 2024-12-31 | 0.30 | 0.02 | +8.62% |
| 2023 | 2023-12-31 | 0.27 | 0.03 | +14.00% |
| 2022 | 2022-12-31 | 0.24 | −0.04 | −14.61% |
| 2021 | 2021-12-31 | 0.28 | −0.03 | −10.77% |
| 2020 | 2020-12-31 | 0.31 | 0.09 | +41.01% |
| 2019 | 2019-12-31 | 0.22 | 0.02 | +7.92% |
| 2018 | 2018-12-31 | 0.21 | 0.02 | +10.53% |
| 2017 | 2017-12-31 | 0.19 | −0.01 | −5.26% |
| 2016 | 2016-12-31 | 0.20 | 0.01 | +7.29% |
| 2015 | 2015-12-31 | 0.18 | 0.01 | +3.16% |
| 2014 | 2014-12-31 | 0.18 | 0.05 | +43.40% |
| 2013 | 2013-12-31 | 0.12 | −0.02 | −14.75% |
| 2012 | 2012-12-31 | 0.15 | 0.14 | +1503.24% |
| 2011 | 2011-12-31 | 0.01 | — | — |
Phillips 66 quarterly debt-to-assets ratio
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| Fiscal quarter | Period ended | Debt-to-assets ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.23 | 0.00 | +1.29% |
| Q1 2026 | 2026-03-31 | 0.22 | −0.02 | −10.07% |
| Q4 2025 | 2025-12-31 | 0.29 | −0.00 | −0.71% |
| Q3 2025 | 2025-09-30 | 0.25 | 0.01 | +2.33% |
| Q2 2025 | 2025-06-30 | 0.23 | 0.00 | +0.12% |
| Q1 2025 | 2025-03-31 | 0.25 | 0.01 | +5.83% |
| Q4 2024 | 2024-12-31 | 0.30 | 0.02 | +8.62% |
| Q3 2024 | 2024-09-30 | 0.25 | 0.01 | +3.30% |
| Q2 2024 | 2024-06-30 | 0.23 | −0.03 | −11.00% |
| Q1 2024 | 2024-03-31 | 0.23 | 0.00 | +2.10% |
| Q4 2023 | 2023-12-31 | 0.27 | 0.03 | +14.00% |
| Q3 2023 | 2023-09-30 | 0.24 | 0.01 | +4.35% |
| Q2 2023 | 2023-06-30 | 0.25 | 0.05 | +23.10% |
| Q1 2023 | 2023-03-31 | 0.23 | 0.01 | +6.95% |
| Q4 2022 | 2022-12-31 | 0.24 | −0.04 | −14.61% |
| Q3 2022 | 2022-09-30 | 0.23 | −0.01 | −4.05% |
| Q2 2022 | 2022-06-30 | 0.21 | −0.02 | −8.97% |
| Q1 2022 | 2022-03-31 | 0.21 | −0.05 | −20.43% |
| Q4 2021 | 2021-12-31 | 0.28 | −0.03 | −10.77% |
| Q3 2021 | 2021-09-30 | 0.24 | 0.00 | +1.97% |
| Q2 2021 | 2021-06-30 | 0.23 | −0.01 | −2.34% |
| Q1 2021 | 2021-03-31 | 0.27 | 0.07 | +33.95% |
| Q4 2020 | 2020-12-31 | 0.31 | 0.09 | +41.01% |
| Q3 2020 | 2020-09-30 | 0.23 | 0.02 | +10.80% |
| Q2 2020 | 2020-06-30 | 0.23 | 0.02 | +11.32% |
| Q1 2020 | 2020-03-31 | 0.20 | −0.02 | −7.93% |
| Q4 2019 | 2019-12-31 | 0.22 | 0.02 | +7.92% |
| Q3 2019 | 2019-09-30 | 0.21 | 0.01 | +6.79% |
| Q2 2019 | 2019-06-30 | 0.21 | 0.01 | +3.78% |
| Q1 2019 | 2019-03-31 | 0.22 | −0.00 | −1.94% |
| Q4 2018 | 2018-12-31 | 0.21 | 0.02 | +10.53% |
| Q3 2018 | 2018-09-30 | 0.20 | 0.01 | +7.22% |
| Q2 2018 | 2018-06-30 | 0.20 | 0.02 | +10.01% |
| Q1 2018 | 2018-03-31 | 0.22 | 0.04 | +18.92% |
| Q4 2017 | 2017-12-31 | 0.19 | −0.01 | −5.26% |
| Q3 2017 | 2017-09-30 | 0.18 | 0.04 | +27.05% |
| Q2 2017 | 2017-06-30 | 0.18 | 0.04 | +25.56% |
| Q1 2017 | 2017-03-31 | 0.19 | 0.00 | +2.36% |
| Q4 2016 | 2016-12-31 | 0.20 | 0.01 | +7.29% |
| Q3 2016 | 2016-09-30 | 0.14 | −0.04 | −19.70% |
| Q2 2016 | 2016-06-30 | 0.15 | −0.03 | −18.65% |
| Q1 2016 | 2016-03-31 | 0.18 | 0.00 | +0.46% |
| Q4 2015 | 2015-12-31 | 0.18 | 0.01 | +3.16% |
| Q3 2015 | 2015-09-30 | 0.18 | 0.06 | +44.87% |
| Q2 2015 | 2015-06-30 | 0.18 | 0.06 | +47.27% |
| Q1 2015 | 2015-03-31 | 0.18 | 0.06 | +49.51% |
| Q4 2014 | 2014-12-31 | 0.18 | 0.05 | +43.40% |
| Q3 2014 | 2014-09-30 | 0.12 | 0.00 | +3.46% |
| Q2 2014 | 2014-06-30 | 0.12 | −0.01 | −6.03% |
| Q1 2014 | 2014-03-31 | 0.12 | −0.01 | −10.69% |
| Q4 2013 | 2013-12-31 | 0.12 | −0.02 | −14.75% |
| Q3 2013 | 2013-09-30 | 0.12 | −0.02 | −15.03% |
| Q2 2013 | 2013-06-30 | 0.13 | −0.04 | −21.36% |
| Q1 2013 | 2013-03-31 | 0.14 | 0.02 | +20.74% |
| Q4 2012 | 2012-12-31 | 0.15 | 0.14 | +1503.24% |
| Q3 2012 | 2012-09-30 | 0.14 | — | — |
| Q2 2012 | 2012-06-30 | 0.16 | — | — |
| Q1 2012 | 2012-03-31 | 0.11 | — | — |
| Q4 2011 | 2011-12-31 | 0.01 | — | — |
Phillips 66 debt-to-assets ratio trends
Over the last five fiscal years, Phillips 66's debt-to-assets ratio decreased from 0.31 to 0.29, a change of −0.02. The latest reported quarter, Q2 2026, shows 0.23.
About the metric
What the debt-to-assets ratio means
The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.
Calculation and source
How debt-to-assets is calculated
TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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