Phillips 66 (PSX) — Cash Flow-to-Debt Ratio
Phillips 66 (PSX) has a Cash Flow-to-Debt Ratio of -0.04x as of March 2026, meaning its operating cash flow of $-2.26 Billion could theoretically repay 0% of its total liabilities ($54.40 Billion) in one year. See how much free cash does Phillips 66 generate to measure how efficiently the company converts operating cash flow to free cash.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Phillips 66 Cash Flow-to-Debt Ratio (2009–2025)
Historical debt coverage capacity for Phillips 66 across 17 annual periods. Also explore net asset momentum of Phillips 66 to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Phillips 66 (2009–2025)
Year-by-year debt coverage analysis for Phillips 66. For market capitalisation and broader financial context, see how much is Phillips 66 worth.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.11x | $4.96 Billion | $43.44 Billion | ▲ +20.2% |
| 2024 | 0.09x | $4.19 Billion | $44.12 Billion | ▼ -40.7% |
| 2023 | 0.16x | $7.03 Billion | $43.85 Billion | ▼ -37.2% |
| 2022 | 0.26x | $10.81 Billion | $42.34 Billion | ▲ +44.1% |
| 2021 | 0.18x | $6.02 Billion | $33.96 Billion | ▲ +178.7% |
| 2020 | 0.06x | $2.11 Billion | $33.20 Billion | ▼ -58.3% |
| 2019 | 0.15x | $4.81 Billion | $31.55 Billion | ▼ -45.4% |
| 2018 | 0.28x | $7.57 Billion | $27.15 Billion | ▲ +106.0% |
| 2017 | 0.14x | $3.65 Billion | $26.94 Billion | ▲ +27.6% |
| 2016 | 0.11x | $2.96 Billion | $27.93 Billion | ▼ -54.2% |
| 2015 | 0.23x | $5.71 Billion | $24.64 Billion | ▲ +75.4% |
| 2014 | 0.13x | $3.53 Billion | $26.70 Billion | ▼ -39.9% |
| 2013 | 0.22x | $6.03 Billion | $27.41 Billion | ▲ +39.6% |
| 2012 | 0.16x | $4.30 Billion | $27.27 Billion | ▼ -37.3% |
| 2011 | 0.25x | $5.01 Billion | $19.92 Billion | ▲ +127.4% |
| 2010 | 0.11x | $2.09 Billion | $18.93 Billion | ▲ +86.2% |
| 2009 | 0.06x | $946.00 Million | $15.94 Billion | — |