Phillips 66 Working Capital to Net Assets Ratio
Phillips 66 working capital to net assets ratio. Phillips 66 (PSX) has a Working Capital to Net Assets ratio of 17.9% as of June 2026. Working capital of $5.87 Billion (current assets of $24.22 Billion minus current liabilities of $18.35 Billion) is measured against net assets of $32.70 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check Phillips 66 (PSX) tangible equity ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Phillips 66 (2009–2025)
Working capital to net assets ratio of Phillips 66 from 2009 to 2025. This chart shows how Phillips 66's Working Capital to Net Assets ratio has evolved across 17 annual periods from 2009 to 2025. As of June 2026, the ratio stands at 17.9%, reflecting working capital of $5.87 Billion against net assets of $32.70 Billion USD. See operational self-sufficiency of Phillips 66 to measure how many days the company can operate on defensive assets alone.
Phillips 66 Working Capital to Net Assets Ratio by Year (2009–2025)
Phillips 66 working capital to net assets ratio by year from 2009 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Phillips 66 from 2009 to 2025, covering 17 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see Phillips 66 (PSX) total assets.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 13.0% | $3.94 Billion | $30.24 Billion | $17.27 Billion | $13.33 Billion | ▲ +3.1 pp |
| 2024 | 9.9% | $2.82 Billion | $28.46 Billion | $17.91 Billion | $15.09 Billion | ▼ -3.0 pp |
| 2023 | 12.9% | $4.08 Billion | $31.65 Billion | $19.94 Billion | $15.86 Billion | ▼ -4.8 pp |
| 2022 | 17.7% | $6.03 Billion | $34.11 Billion | $21.92 Billion | $15.89 Billion | ▲ +8.9 pp |
| 2021 | 8.8% | $1.90 Billion | $21.64 Billion | $14.70 Billion | $12.80 Billion | ▼ -8.7 pp |
| 2020 | 17.5% | $3.76 Billion | $21.52 Billion | $13.28 Billion | $9.52 Billion | ▲ +7.3 pp |
| 2019 | 10.1% | $2.75 Billion | $27.17 Billion | $14.39 Billion | $11.65 Billion | ▼ -5.6 pp |
| 2018 | 15.7% | $4.27 Billion | $27.15 Billion | $13.21 Billion | $8.94 Billion | ▲ +0.1 pp |
| 2017 | 15.6% | $4.28 Billion | $27.43 Billion | $14.39 Billion | $10.11 Billion | ▲ +2.1 pp |
| 2016 | 13.6% | $3.22 Billion | $23.73 Billion | $12.68 Billion | $9.46 Billion | ▼ -6.2 pp |
| 2015 | 19.7% | $4.72 Billion | $23.94 Billion | $12.26 Billion | $7.53 Billion | ▼ -5.7 pp |
| 2014 | 25.4% | $5.60 Billion | $22.04 Billion | $16.70 Billion | $11.09 Billion | ▼ -2.7 pp |
| 2013 | 28.2% | $6.31 Billion | $22.39 Billion | $19.24 Billion | $12.93 Billion | ▲ +1.8 pp |
| 2012 | 26.3% | $5.48 Billion | $20.81 Billion | $17.96 Billion | $12.48 Billion | ▲ +19.6 pp |
| 2011 | 6.7% | $1.56 Billion | $23.29 Billion | $13.95 Billion | $12.38 Billion | ▼ -1.7 pp |
| 2010 | 8.5% | $2.20 Billion | $26.03 Billion | $14.70 Billion | $12.50 Billion | ▲ +0.9 pp |
| 2009 | 7.5% | $2.03 Billion | $26.94 Billion | $11.37 Billion | $9.34 Billion | — |