Phillips Short Term Debt vs Net Invested Capital Analysis

PSX Stock

USD 133.27 1.86 1.42%

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 Short Term Debt and its Net Invested Capital 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 closely tied with the direction of predictive economic indicators such as signals in state.

Short Term Debt vs Net Invested Capital

Short Term Debt vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Phillips 66 Short Term Debt account and Net Invested Capital. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Phillips' Short Term Debt and Net Invested Capital is 0.46. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Phillips 66, assuming nothing else is changed. The correlation between historical values of Phillips' Short Term Debt and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Phillips 66 are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Short Term Debt i.e., Phillips' Short Term Debt and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.46

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Short Term Debt

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

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 closely tied 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 7.21 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	926M	972.3M
Depreciation And Amortization	1.6B	1.7B	2.0B	2.1B

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	0.63	0.73	0.79	0.97	0.64	0.76	0.9	0.35	0.36	0.96	-0.05	0.03	0.86	0.52	-0.73	0.57	0.89	-0.7	0.88	-0.06	0.7	-0.75
Short Long Term Debt Total	0.86		0.28	0.39	0.21	0.87	0.74	0.85	0.79	0.85	0.9	0.02	0.27	0.88	0.06	0.33	1.0	0.17	-0.8	0.68	0.91	-0.85	0.99	0.04	0.5	-0.9
Other Current Liab	0.57	0.28		0.65	0.56	0.18	0.3	0.62	0.29	0.34	0.4	0.39	0.16	0.55	0.01	0.07	0.25	0.57	-0.57	0.16	0.39	-0.27	0.29	0.12	0.63	-0.19
Total Current Liabilities	0.68	0.39	0.65		0.44	0.12	0.54	0.55	0.42	0.33	0.38	0.84	0.53	0.49	0.1	-0.2	0.38	0.93	-0.56	0.47	0.36	-0.18	0.43	-0.18	0.69	-0.27
Total Stockholder Equity	0.63	0.21	0.56	0.44		0.25	0.37	0.65	-0.07	0.29	0.49	0.33	0.02	0.61	-0.15	-0.39	0.23	0.46	-0.12	-0.04	0.47	-0.18	0.24	0.0	0.4	-0.18
Other Liab	0.73	0.87	0.18	0.12	0.25		0.7	0.78	0.67	0.78	0.88	-0.2	0.06	0.84	-0.05	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	0.37	0.7		0.7	0.8	0.58	0.79	0.34	0.58	0.72	-0.12	-0.05	0.76	0.48	-0.47	0.89	0.79	-0.53	0.77	-0.2	0.37	-0.69
Property Plant And Equipment Net	0.97	0.85	0.62	0.55	0.65	0.78	0.7		0.57	0.78	0.91	0.2	0.19	0.99	-0.05	0.11	0.85	0.38	-0.74	0.46	0.9	-0.72	0.86	0.07	0.66	-0.73
Current Deferred Revenue	0.64	0.79	0.29	0.42	-0.07	0.67	0.8	0.57		0.64	0.7	0.12	0.55	0.61	-0.03	0.35	0.81	0.27	-0.71	0.89	0.71	-0.68	0.8	-0.14	0.43	-0.77
Net Debt	0.76	0.85	0.34	0.33	0.29	0.78	0.58	0.78	0.64		0.83	-0.18	0.03	0.83	0.36	0.33	0.84	0.16	-0.76	0.53	0.81	-0.93	0.84	-0.12	0.32	-0.93
Retained Earnings	0.9	0.9	0.4	0.38	0.49	0.88	0.79	0.91	0.7	0.83		0.02	0.18	0.95	0.03	0.12	0.91	0.2	-0.63	0.62	1.0	-0.87	0.9	0.05	0.42	-0.9
Accounts Payable	0.35	0.02	0.39	0.84	0.33	-0.2	0.34	0.2	0.12	-0.18	0.02		0.48	0.12	-0.11	-0.41	0.02	0.89	-0.13	0.25	0.01	0.3	0.06	-0.06	0.48	0.18
Cash	0.36	0.27	0.16	0.53	0.02	0.06	0.58	0.19	0.55	0.03	0.18	0.48		0.14	-0.44	-0.14	0.3	0.44	-0.29	0.63	0.18	-0.01	0.32	-0.52	0.56	-0.2
Non Current Assets Total	0.96	0.88	0.55	0.49	0.61	0.84	0.72	0.99	0.61	0.83	0.95	0.12	0.14		-0.01	0.11	0.88	0.32	-0.71	0.49	0.95	-0.8	0.88	0.04	0.58	-0.81
Non Currrent Assets Other	-0.05	0.06	0.01	0.1	-0.15	-0.05	-0.12	-0.05	-0.03	0.36	0.03	-0.11	-0.44	-0.01		0.27	0.02	0.12	-0.22	0.01	0.0	-0.25	0.03	0.25	-0.39	-0.22
Other Assets	0.03	0.33	0.07	-0.2	-0.39	0.21	-0.05	0.11	0.35	0.33	0.12	-0.41	-0.14	0.11	0.27		0.32	-0.23	-0.47	0.05	0.12	-0.34	0.31	0.42	-0.05	-0.26
Long Term Debt	0.86	1.0	0.25	0.38	0.23	0.88	0.76	0.85	0.81	0.84	0.91	0.02	0.3	0.88	0.02	0.32		0.17	-0.77	0.69	0.91	-0.84	0.99	0.02	0.49	-0.9
Net Receivables	0.52	0.17	0.57	0.93	0.46	-0.05	0.48	0.38	0.27	0.16	0.2	0.89	0.44	0.32	0.12	-0.23	0.17		-0.33	0.37	0.18	0.05	0.23	-0.12	0.48	-0.06
Good Will	-0.73	-0.8	-0.57	-0.56	-0.12	-0.57	-0.47	-0.74	-0.71	-0.76	-0.63	-0.13	-0.29	-0.71	-0.22	-0.47	-0.77	-0.33		-0.51	-0.62	0.7	-0.79	-0.01	-0.65	0.69
Common Stock Total Equity	0.57	0.68	0.16	0.47	-0.04	0.62	0.89	0.46	0.89	0.53	0.62	0.25	0.63	0.49	0.01	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	0.47	0.89	0.79	0.9	0.71	0.81	1.0	0.01	0.18	0.95	0.0	0.12	0.91	0.18	-0.62	0.62		-0.86	0.9	0.07	0.43	-0.89
Common Stock Shares Outstanding	-0.7	-0.85	-0.27	-0.18	-0.18	-0.82	-0.53	-0.72	-0.68	-0.93	-0.87	0.3	-0.01	-0.8	-0.25	-0.34	-0.84	0.05	0.7	-0.51	-0.86		-0.83	0.05	-0.29	0.97
Non Current Liabilities Total	0.88	0.99	0.29	0.43	0.24	0.87	0.77	0.86	0.8	0.84	0.9	0.06	0.32	0.88	0.03	0.31	0.99	0.23	-0.79	0.7	0.9	-0.83		0.0	0.52	-0.89
Inventory	-0.06	0.04	0.12	-0.18	0.0	-0.01	-0.2	0.07	-0.14	-0.12	0.05	-0.06	-0.52	0.04	0.25	0.42	0.02	-0.12	-0.01	-0.31	0.07	0.05	0.0		-0.2	0.14
Other Current Assets	0.7	0.5	0.63	0.69	0.4	0.28	0.37	0.66	0.43	0.32	0.42	0.48	0.56	0.58	-0.39	-0.05	0.49	0.48	-0.65	0.27	0.43	-0.29	0.52	-0.2		-0.31
Other Stockholder Equity	-0.75	-0.9	-0.19	-0.27	-0.18	-0.84	-0.69	-0.73	-0.77	-0.93	-0.9	0.18	-0.2	-0.81	-0.22	-0.26	-0.9	-0.06	0.69	-0.67	-0.89	0.97	-0.89	0.14	-0.31

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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	30.6B	26.3B
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)	2.5B	2.6B
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	694M	1.4B	3.1B	1.1B	910.4M
Other Stockholder Equity	3.6B	3.3B	3.4B	4.5B	308M	292.6M
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	1.0B	1.5B	529M	1.5B	1.6B

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Phillips Short Term Debt vs Net Invested Capital Analysis

Short Term Debt vs Net Invested Capital

Short Term Debt vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Short Term Debt

Net Invested Capital

Phillips fundamental ratios Correlations

Phillips Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Phillips fundamental ratios Accounts

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Additional Tools for Phillips Stock Analysis

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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