Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
Solvency ratio | Description | The company |
---|---|---|
Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Phillips 66 debt to equity ratio deteriorated from Q2 2019 to Q3 2019 but then slightly improved from Q3 2019 to Q4 2019. |
Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Phillips 66 debt to capital ratio deteriorated from Q2 2019 to Q3 2019 but then slightly improved from Q3 2019 to Q4 2019. |
Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Phillips 66 debt to assets ratio deteriorated from Q2 2019 to Q3 2019 but then improved from Q3 2019 to Q4 2019 not reaching Q2 2019 level. |
Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Phillips 66 financial leverage ratio increased from Q2 2019 to Q3 2019 but then slightly decreased from Q3 2019 to Q4 2019. |
Solvency ratio | Description | The company |
---|---|---|
Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Phillips 66 interest coverage ratio deteriorated from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019. |
Debt to Equity
Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
Short-term debt | 547) | 842) | 667) | 30) | 67) | 316) | 341) | 42) | 41) | 706) | 493) | 609) | 550) | 1,583) | 1,532) | 32) | 44) | 43) | 42) | 35) | ||||||
Long-term debt | 11,216) | 11,083) | 10,772) | 11,268) | 11,093) | 11,021) | 11,023) | 11,579) | 10,069) | 9,495) | 9,472) | 9,601) | 9,588) | 7,275) | 7,330) | 8,803) | 8,843) | 8,908) | 8,923) | 8,914) | ||||||
Total debt | 11,763) | 11,925) | 11,439) | 11,298) | 11,160) | 11,337) | 11,364) | 11,621) | 10,110) | 10,201) | 9,965) | 10,210) | 10,138) | 8,858) | 8,862) | 8,835) | 8,887) | 8,951) | 8,965) | 8,949) | ||||||
Stockholders’ equity | 24,910) | 24,857) | 24,752) | 24,217) | 24,653) | 23,319) | 22,536) | 21,923) | 25,085) | 22,523) | 22,368) | 22,364) | 22,390) | 22,905) | 22,842) | 22,788) | 23,100) | 23,194) | 22,389) | 21,760) | ||||||
Solvency Ratio | ||||||||||||||||||||||||||
Debt to equity1 | 0.47 | 0.48 | 0.46 | 0.47 | 0.45 | 0.49 | 0.50 | 0.53 | 0.40 | 0.45 | 0.45 | 0.46 | 0.45 | 0.39 | 0.39 | 0.39 | 0.38 | 0.39 | 0.40 | 0.41 | ||||||
Benchmarks | ||||||||||||||||||||||||||
Debt to Equity, Competitors2 | ||||||||||||||||||||||||||
Chevron Corp. | 0.19 | 0.21 | 0.20 | 0.21 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
ConocoPhillips | 0.43 | 0.42 | 0.45 | 0.45 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Exxon Mobil Corp. | 0.24 | 0.25 | 0.24 | 0.21 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Marathon Petroleum Corp. | 0.86 | 0.85 | 0.83 | 0.83 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Occidental Petroleum Corp. | 1.13 | 1.32 | 0.48 | 0.49 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Valero Energy Corp. | 0.44 | 0.45 | 0.44 | 0.47 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Q4 2019 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 11,763 ÷ 24,910 = 0.47
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Phillips 66 debt to equity ratio deteriorated from Q2 2019 to Q3 2019 but then slightly improved from Q3 2019 to Q4 2019. |
Debt to Capital
Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
Short-term debt | 547) | 842) | 667) | 30) | 67) | 316) | 341) | 42) | 41) | 706) | 493) | 609) | 550) | 1,583) | 1,532) | 32) | 44) | 43) | 42) | 35) | ||||||
Long-term debt | 11,216) | 11,083) | 10,772) | 11,268) | 11,093) | 11,021) | 11,023) | 11,579) | 10,069) | 9,495) | 9,472) | 9,601) | 9,588) | 7,275) | 7,330) | 8,803) | 8,843) | 8,908) | 8,923) | 8,914) | ||||||
Total debt | 11,763) | 11,925) | 11,439) | 11,298) | 11,160) | 11,337) | 11,364) | 11,621) | 10,110) | 10,201) | 9,965) | 10,210) | 10,138) | 8,858) | 8,862) | 8,835) | 8,887) | 8,951) | 8,965) | 8,949) | ||||||
Stockholders’ equity | 24,910) | 24,857) | 24,752) | 24,217) | 24,653) | 23,319) | 22,536) | 21,923) | 25,085) | 22,523) | 22,368) | 22,364) | 22,390) | 22,905) | 22,842) | 22,788) | 23,100) | 23,194) | 22,389) | 21,760) | ||||||
Total capital | 36,673) | 36,782) | 36,191) | 35,515) | 35,813) | 34,656) | 33,900) | 33,544) | 35,195) | 32,724) | 32,333) | 32,574) | 32,528) | 31,763) | 31,704) | 31,623) | 31,987) | 32,145) | 31,354) | 30,709) | ||||||
Solvency Ratio | ||||||||||||||||||||||||||
Debt to capital1 | 0.32 | 0.32 | 0.32 | 0.32 | 0.31 | 0.33 | 0.34 | 0.35 | 0.29 | 0.31 | 0.31 | 0.31 | 0.31 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0.29 | 0.29 | ||||||
Benchmarks | ||||||||||||||||||||||||||
Debt to Capital, Competitors2 | ||||||||||||||||||||||||||
Chevron Corp. | 0.16 | 0.17 | 0.16 | 0.18 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
ConocoPhillips | 0.30 | 0.30 | 0.31 | 0.31 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Exxon Mobil Corp. | 0.20 | 0.20 | 0.19 | 0.18 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Marathon Petroleum Corp. | 0.46 | 0.46 | 0.45 | 0.45 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Occidental Petroleum Corp. | 0.53 | 0.57 | 0.32 | 0.33 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Valero Energy Corp. | 0.31 | 0.31 | 0.31 | 0.32 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Q4 2019 Calculation
Debt to capital = Total debt ÷ Total capital
= 11,763 ÷ 36,673 = 0.32
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Phillips 66 debt to capital ratio deteriorated from Q2 2019 to Q3 2019 but then slightly improved from Q3 2019 to Q4 2019. |
Debt to Assets
Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
Short-term debt | 547) | 842) | 667) | 30) | 67) | 316) | 341) | 42) | 41) | 706) | 493) | 609) | 550) | 1,583) | 1,532) | 32) | 44) | 43) | 42) | 35) | ||||||
Long-term debt | 11,216) | 11,083) | 10,772) | 11,268) | 11,093) | 11,021) | 11,023) | 11,579) | 10,069) | 9,495) | 9,472) | 9,601) | 9,588) | 7,275) | 7,330) | 8,803) | 8,843) | 8,908) | 8,923) | 8,914) | ||||||
Total debt | 11,763) | 11,925) | 11,439) | 11,298) | 11,160) | 11,337) | 11,364) | 11,621) | 10,110) | 10,201) | 9,965) | 10,210) | 10,138) | 8,858) | 8,862) | 8,835) | 8,887) | 8,951) | 8,965) | 8,949) | ||||||
Total assets | 58,720) | 58,741) | 57,781) | 57,855) | 54,302) | 55,884) | 54,826) | 52,132) | 54,371) | 52,712) | 51,828) | 51,405) | 51,653) | 50,254) | 50,361) | 48,246) | 48,580) | 49,415) | 49,874) | 49,077) | ||||||
Solvency Ratio | ||||||||||||||||||||||||||
Debt to assets1 | 0.20 | 0.20 | 0.20 | 0.20 | 0.21 | 0.20 | 0.21 | 0.22 | 0.19 | 0.19 | 0.19 | 0.20 | 0.20 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | ||||||
Benchmarks | ||||||||||||||||||||||||||
Debt to Assets, Competitors2 | ||||||||||||||||||||||||||
Chevron Corp. | 0.11 | 0.13 | 0.12 | 0.13 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
ConocoPhillips | 0.21 | 0.21 | 0.21 | 0.21 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Exxon Mobil Corp. | 0.13 | 0.13 | 0.13 | 0.11 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Marathon Petroleum Corp. | 0.29 | 0.29 | 0.29 | 0.29 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Occidental Petroleum Corp. | 0.35 | 0.38 | 0.23 | 0.23 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Valero Energy Corp. | 0.18 | 0.19 | 0.18 | 0.19 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Q4 2019 Calculation
Debt to assets = Total debt ÷ Total assets
= 11,763 ÷ 58,720 = 0.20
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Phillips 66 debt to assets ratio deteriorated from Q2 2019 to Q3 2019 but then improved from Q3 2019 to Q4 2019 not reaching Q2 2019 level. |
Financial Leverage
Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
Total assets | 58,720) | 58,741) | 57,781) | 57,855) | 54,302) | 55,884) | 54,826) | 52,132) | 54,371) | 52,712) | 51,828) | 51,405) | 51,653) | 50,254) | 50,361) | 48,246) | 48,580) | 49,415) | 49,874) | 49,077) | ||||||
Stockholders’ equity | 24,910) | 24,857) | 24,752) | 24,217) | 24,653) | 23,319) | 22,536) | 21,923) | 25,085) | 22,523) | 22,368) | 22,364) | 22,390) | 22,905) | 22,842) | 22,788) | 23,100) | 23,194) | 22,389) | 21,760) | ||||||
Solvency Ratio | ||||||||||||||||||||||||||
Financial leverage1 | 2.36 | 2.36 | 2.33 | 2.39 | 2.20 | 2.40 | 2.43 | 2.38 | 2.17 | 2.34 | 2.32 | 2.30 | 2.31 | 2.19 | 2.20 | 2.12 | 2.10 | 2.13 | 2.23 | 2.26 | ||||||
Benchmarks | ||||||||||||||||||||||||||
Financial Leverage, Competitors2 | ||||||||||||||||||||||||||
Chevron Corp. | 1.65 | 1.65 | 1.64 | 1.66 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
ConocoPhillips | 2.02 | 2.00 | 2.16 | 2.18 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Exxon Mobil Corp. | 1.89 | 1.89 | 1.88 | 1.86 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Marathon Petroleum Corp. | 2.93 | 2.91 | 2.83 | 2.84 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Occidental Petroleum Corp. | 3.19 | 3.48 | 2.10 | 2.09 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Valero Energy Corp. | 2.47 | 2.43 | 2.44 | 2.44 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Q4 2019 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 58,720 ÷ 24,910 = 2.36
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Phillips 66 financial leverage ratio increased from Q2 2019 to Q3 2019 but then slightly decreased from Q3 2019 to Q4 2019. |
Interest Coverage
Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
Net income attributable to Phillips 66 | 736) | 712) | 1,424) | 204) | 2,240) | 1,492) | 1,339) | 524) | 3,198) | 823) | 550) | 535) | 163) | 511) | 496) | 385) | 650) | 1,578) | 1,012) | 987) | ||||||
Add: Net income attributable to noncontrolling interest | 74) | 81) | 80) | 66) | 76) | 76) | 65) | 61) | 57) | 26) | 31) | 28) | 31) | 25) | 20) | 13) | 16) | 14) | 13) | 10) | ||||||
Add: Income tax expense | 256) | 150) | 325) | 70) | 602) | 407) | 431) | 132) | (2,601) | 407) | 267) | 234) | (132) | 277) | 204) | 198) | 166) | 767) | 440) | 391) | ||||||
Add: Interest and debt expense | 115) | 109) | 115) | 119) | 121) | 125) | 135) | 123) | 114) | 112) | 107) | 105) | 88) | 81) | 83) | 86) | 74) | 71) | 79) | 86) | ||||||
Earnings before interest and tax (EBIT) | 1,181) | 1,052) | 1,944) | 459) | 3,039) | 2,100) | 1,970) | 840) | 768) | 1,368) | 955) | 902) | 150) | 894) | 803) | 682) | 906) | 2,430) | 1,544) | 1,474) | ||||||
Solvency Ratio | ||||||||||||||||||||||||||
Interest coverage1 | 10.12 | 14.00 | 15.71 | 15.14 | 15.77 | 11.42 | 10.22 | 8.62 | 9.12 | 8.19 | 7.61 | 7.70 | 7.48 | 10.14 | 15.35 | 17.94 | 20.50 | — | — | — | ||||||
Benchmarks | ||||||||||||||||||||||||||
Interest Coverage, Competitors2 | ||||||||||||||||||||||||||
Chevron Corp. | 7.94 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
ConocoPhillips | 13.24 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Exxon Mobil Corp. | 25.16 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Occidental Petroleum Corp. | 1.17 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Valero Energy Corp. | 8.68 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Q4 2019 Calculation
Interest coverage
= (EBITQ4 2019
+ EBITQ3 2019
+ EBITQ2 2019
+ EBITQ1 2019)
÷ (Interest expenseQ4 2019
+ Interest expenseQ3 2019
+ Interest expenseQ2 2019
+ Interest expenseQ1 2019)
= (1,181 + 1,052 + 1,944 + 459)
÷ (115 + 109 + 115 + 119)
= 10.12
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Phillips 66 interest coverage ratio deteriorated from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019. |