Phillips Long Term Debt Total vs Property Plant Equipment Analysis

PSX Stock

USD 142.11 3.72 2.69%

Phillips financial indicator trend analysis is much more than just breaking down Phillips 66 prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Phillips 66 is a good investment. Please check the relationship between Phillips Long Term Debt Total and its Property Plant Equipment accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phillips 66. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

Long Term Debt Total vs Property Plant Equipment

Long Term Debt Total vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Phillips 66 Long Term Debt Total account and Property Plant Equipment. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Phillips' Long Term Debt Total and Property Plant Equipment is 0.89. Overlapping area represents the amount of variation of Long Term Debt Total that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Phillips 66, assuming nothing else is changed. The correlation between historical values of Phillips' Long Term Debt Total and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt Total of Phillips 66 are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Long Term Debt Total i.e., Phillips' Long Term Debt Total and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

0.89

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Long Term Debt Total

Property Plant Equipment

Most indicators from Phillips' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Phillips 66 current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phillips 66. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

At this time, Phillips' Tax Provision is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to rise to 7.73 in 2024, whereas Selling General Administrative is likely to drop slightly above 2.4 B in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	605M	642M	928M	974.4M
Depreciation And Amortization	1.6B	1.6B	2.0B	1.4B

Interest Expense Depreciation And Amortization

Phillips fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Good Will	Common Stock Total Equity	Retained Earnings Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity
Total Assets		0.86	0.57	0.68	0.65	0.73	0.79	0.97	0.64	0.76	0.9	0.35	0.36	0.96	-0.64	0.03	0.86	0.52	-0.73	0.57	0.89	-0.7	0.88	-0.06	-0.41	-0.75
Short Long Term Debt Total	0.86		0.29	0.39	0.24	0.87	0.74	0.85	0.79	0.85	0.9	0.02	0.27	0.88	-0.37	0.33	1.0	0.17	-0.8	0.68	0.91	-0.85	0.99	0.04	-0.31	-0.9
Other Current Liab	0.57	0.29		0.65	0.56	0.18	0.3	0.62	0.29	0.35	0.4	0.39	0.15	0.55	-0.38	0.08	0.26	0.56	-0.58	0.16	0.39	-0.27	0.3	0.12	-0.24	-0.2
Total Current Liabilities	0.68	0.39	0.65		0.46	0.12	0.54	0.55	0.42	0.33	0.38	0.84	0.53	0.49	-0.45	-0.2	0.38	0.93	-0.56	0.47	0.36	-0.18	0.43	-0.18	-0.32	-0.27
Total Stockholder Equity	0.65	0.24	0.56	0.46		0.27	0.4	0.67	-0.05	0.31	0.5	0.34	0.02	0.63	-0.76	-0.38	0.25	0.48	-0.15	-0.01	0.48	-0.19	0.27	0.01	-0.49	-0.2
Other Liab	0.73	0.87	0.18	0.12	0.27		0.7	0.78	0.67	0.78	0.88	-0.2	0.06	0.84	-0.36	0.21	0.88	-0.05	-0.57	0.62	0.89	-0.82	0.87	-0.01	-0.28	-0.84
Net Tangible Assets	0.79	0.74	0.3	0.54	0.4	0.7		0.7	0.8	0.58	0.79	0.34	0.58	0.72	-0.58	-0.05	0.76	0.48	-0.47	0.89	0.79	-0.53	0.77	-0.2	-0.36	-0.69
Property Plant And Equipment Net	0.97	0.85	0.62	0.55	0.67	0.78	0.7		0.57	0.78	0.91	0.2	0.19	0.99	-0.62	0.11	0.85	0.38	-0.74	0.46	0.9	-0.72	0.86	0.07	-0.41	-0.73
Current Deferred Revenue	0.64	0.79	0.29	0.42	-0.05	0.67	0.8	0.57		0.64	0.7	0.12	0.55	0.61	-0.21	0.35	0.81	0.27	-0.71	0.89	0.71	-0.68	0.8	-0.14	-0.12	-0.77
Net Debt	0.76	0.85	0.35	0.33	0.31	0.78	0.58	0.78	0.64		0.83	-0.18	0.03	0.83	-0.46	0.33	0.84	0.16	-0.76	0.53	0.81	-0.93	0.84	-0.12	-0.64	-0.93
Retained Earnings	0.9	0.9	0.4	0.38	0.5	0.88	0.79	0.91	0.7	0.83		0.02	0.18	0.95	-0.48	0.12	0.91	0.2	-0.63	0.62	1.0	-0.87	0.9	0.05	-0.4	-0.9
Accounts Payable	0.35	0.02	0.39	0.84	0.34	-0.2	0.34	0.2	0.12	-0.18	0.02		0.48	0.12	-0.21	-0.41	0.02	0.89	-0.13	0.25	0.01	0.3	0.06	-0.06	0.01	0.18
Cash	0.36	0.27	0.15	0.53	0.02	0.06	0.58	0.19	0.55	0.03	0.18	0.48		0.14	-0.41	-0.14	0.3	0.44	-0.29	0.63	0.18	-0.01	0.32	-0.52	0.09	-0.2
Non Current Assets Total	0.96	0.88	0.55	0.49	0.63	0.84	0.72	0.99	0.61	0.83	0.95	0.12	0.14		-0.57	0.11	0.88	0.32	-0.71	0.49	0.95	-0.8	0.88	0.04	-0.41	-0.81
Non Currrent Assets Other	-0.64	-0.37	-0.38	-0.45	-0.76	-0.36	-0.58	-0.62	-0.21	-0.46	-0.48	-0.21	-0.41	-0.57		0.32	-0.39	-0.42	0.29	-0.33	-0.45	0.28	-0.41	0.49	0.62	0.37
Other Assets	0.03	0.33	0.08	-0.2	-0.38	0.21	-0.05	0.11	0.35	0.33	0.12	-0.41	-0.14	0.11	0.32		0.32	-0.23	-0.47	0.05	0.12	-0.34	0.31	0.42	0.02	-0.26
Long Term Debt	0.86	1.0	0.26	0.38	0.25	0.88	0.76	0.85	0.81	0.84	0.91	0.02	0.3	0.88	-0.39	0.32		0.17	-0.77	0.69	0.91	-0.84	0.99	0.02	-0.3	-0.9
Net Receivables	0.52	0.17	0.56	0.93	0.48	-0.05	0.48	0.38	0.27	0.16	0.2	0.89	0.44	0.32	-0.42	-0.23	0.17		-0.33	0.37	0.18	0.05	0.23	-0.12	-0.35	-0.06
Good Will	-0.73	-0.8	-0.58	-0.56	-0.15	-0.57	-0.47	-0.74	-0.71	-0.76	-0.63	-0.13	-0.29	-0.71	0.29	-0.47	-0.77	-0.33		-0.51	-0.62	0.7	-0.79	-0.01	0.33	0.69
Common Stock Total Equity	0.57	0.68	0.16	0.47	-0.01	0.62	0.89	0.46	0.89	0.53	0.62	0.25	0.63	0.49	-0.33	0.05	0.69	0.37	-0.51		0.62	-0.51	0.7	-0.31	-0.27	-0.67
Retained Earnings Total Equity	0.89	0.91	0.39	0.36	0.48	0.89	0.79	0.9	0.71	0.81	1.0	0.01	0.18	0.95	-0.45	0.12	0.91	0.18	-0.62	0.62		-0.86	0.9	0.07	-0.35	-0.89
Common Stock Shares Outstanding	-0.7	-0.85	-0.27	-0.18	-0.19	-0.82	-0.53	-0.72	-0.68	-0.93	-0.87	0.3	-0.01	-0.8	0.28	-0.34	-0.84	0.05	0.7	-0.51	-0.86		-0.83	0.05	0.41	0.97
Non Current Liabilities Total	0.88	0.99	0.3	0.43	0.27	0.87	0.77	0.86	0.8	0.84	0.9	0.06	0.32	0.88	-0.41	0.31	0.99	0.23	-0.79	0.7	0.9	-0.83		0.0	-0.32	-0.89
Inventory	-0.06	0.04	0.12	-0.18	0.01	-0.01	-0.2	0.07	-0.14	-0.12	0.05	-0.06	-0.52	0.04	0.49	0.42	0.02	-0.12	-0.01	-0.31	0.07	0.05	0.0		0.18	0.14
Other Current Assets	-0.41	-0.31	-0.24	-0.32	-0.49	-0.28	-0.36	-0.41	-0.12	-0.64	-0.4	0.01	0.09	-0.41	0.62	0.02	-0.3	-0.35	0.33	-0.27	-0.35	0.41	-0.32	0.18		0.46
Other Stockholder Equity	-0.75	-0.9	-0.2	-0.27	-0.2	-0.84	-0.69	-0.73	-0.77	-0.93	-0.9	0.18	-0.2	-0.81	0.37	-0.26	-0.9	-0.06	0.69	-0.67	-0.89	0.97	-0.89	0.14	0.46

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Phillips Account Relationship Matchups

Phillips fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	58.7B	54.7B	55.6B	76.4B	75.5B	59.2B
Short Long Term Debt Total	11.8B	15.9B	14.4B	17.2B	19.4B	10.4B
Other Current Liab	1.5B	1.6B	1.6B	2.6B	2.3B	1.7B
Total Current Liabilities	11.6B	9.5B	12.8B	15.9B	15.9B	12.6B
Total Stockholder Equity	24.9B	19.0B	19.2B	29.5B	31.7B	26.4B
Other Liab	7.9B	7.9B	7.5B	9.0B	10.4B	5.7B
Net Tangible Assets	20.8B	16.7B	15.9B	27.2B	31.3B	19.4B
Property Plant And Equipment Net	23.8B	23.7B	22.4B	35.2B	35.7B	23.5B
Current Deferred Revenue	979M	1.4B	1.3B	1.4B	1.2B	988.4M
Noncontrolling Interest In Consolidated Entity	2.3B	2.5B	2.5B	4.6B	5.3B	5.6B
Net Debt	10.1B	13.4B	11.3B	11.1B	16.0B	16.8B
Retained Earnings	22.1B	16.5B	16.2B	25.4B	30.6B	16.1B
Accounts Payable	8.6B	5.5B	8.5B	11.3B	10.9B	7.0B
Cash	1.6B	2.5B	3.1B	6.1B	3.3B	3.6B
Non Current Assets Total	44.3B	41.4B	40.9B	54.5B	55.6B	42.3B
Non Currrent Assets Other	1.8B	1.8B	1.7B	(4.3B)	(5.0B)	(4.7B)
Other Assets	674M	39.2B	1.6B	1.1B	1.3B	1.2B
Long Term Debt	11.2B	14.7B	12.7B	16.4B	17.9B	9.8B
Net Receivables	8.5B	6.5B	7.5B	11.0B	11.7B	9.2B
Retained Earnings Total Equity	22.1B	16.5B	16.2B	25.4B	29.2B	14.6B
Common Stock Shares Outstanding	453.9M	439.5M	440.4M	473.7M	453.2M	430.8M
Liabilities And Stockholders Equity	58.7B	54.7B	55.6B	76.4B	75.5B	59.2B
Non Current Liabilities Total	19.9B	23.7B	21.2B	26.4B	28.0B	18.7B
Inventory	3.8B	3.9B	3.4B	3.3B	3.8B	2.8B
Other Current Assets	495M	347M	686M	1.5B	(3.3B)	(3.2B)
Other Stockholder Equity	3.6B	3.3B	3.4B	4.5B	315M	299.3M
Total Liab	31.6B	33.2B	34.0B	42.3B	43.9B	31.4B
Deferred Long Term Liab	7.0B	6.8B	6.4B	8.0B	9.2B	4.9B
Long Term Investments	14.6B	13.6B	14.5B	15.0B	14.9B	13.4B
Property Plant And Equipment Gross	23.8B	23.7B	39.8B	53.0B	55.2B	58.0B
Short Long Term Debt	547M	971M	1.5B	529M	1.5B	1.6B
Total Current Assets	14.4B	13.3B	14.7B	21.9B	19.9B	16.9B
Accumulated Other Comprehensive Income	(788M)	(789M)	(445M)	(460M)	(282M)	(296.1M)
Treasury Stock	(15.0B)	(16.7B)	(17.1B)	(15.3B)	(13.7B)	(14.4B)
Short Term Debt	547M	987M	1.5B	529M	1.5B	1.6B

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When determining whether Phillips 66 offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Phillips' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Phillips 66 Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Phillips 66 Stock:

How To Invest In Phillips

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Is Phillips Stock a good investment?

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What is Phillips' Net Worth?

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phillips 66. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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When running Phillips' price analysis, check to measure Phillips' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Phillips is operating at the current time. Most of Phillips' value examination focuses on studying past and present price action to predict the probability of Phillips' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Phillips' price. Additionally, you may evaluate how the addition of Phillips to your portfolios can decrease your overall portfolio volatility.

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Is Phillips' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Phillips. If investors know Phillips will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Phillips listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.59)

Dividend Share

4.2

Earnings Share

Revenue Per Share

337.314

Quarterly Revenue Growth

0.041

The market value of Phillips 66 is measured differently than its book value, which is the value of Phillips that is recorded on the company's balance sheet. Investors also form their own opinion of Phillips' value that differs from its market value or its book value, called intrinsic value, which is Phillips' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Phillips' market value can be influenced by many factors that don't directly affect Phillips' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Phillips' value and its price as these two are different measures arrived at by different means. Investors typically determine if Phillips is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Phillips' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Phillips Long Term Debt Total vs Property Plant Equipment Analysis

Long Term Debt Total vs Property Plant Equipment

Long Term Debt Total vs Property Plant Equipment Correlation Analysis

Correlation Coefficient

Long Term Debt Total

Property Plant Equipment

Phillips fundamental ratios Correlations

Phillips Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Phillips fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Long Term Debt	+ 1.0	Short Long Term Debt Total
Retained Earnings Total Equity	+ 1.0	Retained Earnings
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Non Current Liabilities Total	+ 0.99	Long Term Debt
Property Plant And Equipment Net	+ 0.97	Total Assets

Other Stockholder Equity	- 0.93	Net Debt
Common Stock Shares Outstanding	- 0.93	Net Debt
Other Stockholder Equity	- 0.9	Long Term Debt
Other Stockholder Equity	- 0.9	Retained Earnings
Other Stockholder Equity	- 0.9	Short Long Term Debt Total
Other Stockholder Equity	- 0.89	Non Current Liabilities Total