Current Ratio
since 2012
Calculation
Phillips 66, current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2019 | 1.24 | = | 14,395) | ÷ | 11,646) |
| Dec 31, 2018 | 1.48 | = | 13,209) | ÷ | 8,935) |
| Dec 31, 2017 | 1.42 | = | 14,390) | ÷ | 10,107) |
| Dec 31, 2016 | 1.34 | = | 12,680) | ÷ | 9,463) |
| Dec 31, 2015 | 1.63 | = | 12,256) | ÷ | 7,531) |
| Dec 31, 2014 | 1.50 | = | 16,696) | ÷ | 11,094) |
| Dec 31, 2013 | 1.49 | = | 19,237) | ÷ | 12,931) |
| Dec 31, 2012 | 1.44 | = | 17,962) | ÷ | 12,482) |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
1 US$ in millions
The liquidity position from 2012 to 2019 demonstrates consistent short-term solvency, as the current ratio remained above 1.0 throughout the entire period. Despite this stability, there were notable fluctuations in the underlying components of liquidity.
- Current Assets Trends
- Current assets peaked in 2013 at 19,237 million US$ before experiencing a significant decline to a period low of 12,256 million US$ in 2015. Following this trough, a gradual recovery trend is observed, with assets increasing to 14,395 million US$ by the end of 2019.
- Current Liabilities Trends
- A contraction in current liabilities occurred between 2012 and 2015, falling from 12,482 million US$ to 7,531 million US$. Since 2015, liabilities have generally trended upward, ending the period at 11,646 million US$ in 2019.
- Current Ratio Interpretation
- The current ratio reached its maximum value of 1.63 in 2015, which coincided with the lowest recorded level of current liabilities. A subsequent decline is observed toward the end of the sequence, with the ratio dropping to 1.24 in 2019. This represents the lowest liquidity margin in the analyzed timeframe, indicating a closer alignment between short-term assets and obligations.
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Comparison to Competitors
Phillips 66, current ratio, long-term trends, comparison to competitors
| Phillips 66 | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | |
|---|---|---|---|---|
| Dec 31, 2019 | 1.24 | 1.07 | 2.40 | 0.78 |
| Dec 31, 2018 | 1.48 | 1.25 | 1.79 | 0.84 |
| Dec 31, 2017 | 1.42 | 1.03 | 1.76 | 0.82 |
| Dec 31, 2016 | 1.34 | 0.93 | 1.25 | 0.87 |
| Dec 31, 2015 | 1.63 | 1.34 | 0.95 | 0.79 |
| Dec 31, 2014 | 1.50 | 1.32 | 1.31 | 0.82 |
| Dec 31, 2013 | 1.49 | 1.52 | 1.26 | 0.83 |
| Dec 31, 2012 | 1.44 | 1.63 | 1.38 | 1.01 |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
Phillips 66, current ratio, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Phillips 66 | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2019 | 1.24 | 0.98 |
| Dec 31, 2018 | 1.48 | 1.04 |
| Dec 31, 2017 | 1.42 | 0.97 |
| Dec 31, 2016 | 1.34 | 0.92 |
| Dec 31, 2015 | 1.63 | 0.97 |
| Dec 31, 2014 | 1.50 | 1.02 |
| Dec 31, 2013 | 1.49 | 1.07 |
| Dec 31, 2012 | 1.44 | 1.25 |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
Comparison to Industry (Energy)
Phillips 66, current ratio, long-term trends, comparison to industry (energy)
| Phillips 66 | Energy | |
|---|---|---|
| Dec 31, 2019 | 1.24 | 1.00 |
| Dec 31, 2018 | 1.48 | 1.06 |
| Dec 31, 2017 | 1.42 | 1.00 |
| Dec 31, 2016 | 1.34 | 1.02 |
| Dec 31, 2015 | 1.63 | 1.09 |
| Dec 31, 2014 | 1.50 | 1.10 |
| Dec 31, 2013 | 1.49 | 1.16 |
| Dec 31, 2012 | 1.44 | 1.31 |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).