Phillips Non Current Assets Total vs Long Term Debt Analysis
PSX Stock | USD 147.72 0.78 0.53% |
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 Non Current Assets Total and its Long Term Debt 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 tightly coupled with the direction of predictive economic indicators such as signals in state.
Non Current Assets Total vs Long Term Debt
Non Current Assets Total vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Phillips 66 Non Current Assets Total account and Long Term Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Phillips' Non Current Assets Total and Long Term Debt is 0.88. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Phillips 66, assuming nothing else is changed. The correlation between historical values of Phillips' Non Current Assets Total and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Phillips 66 are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Non Current Assets Total i.e., Phillips' Non Current Assets Total and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Long Term Debt
Long-term debt is a debt that Phillips 66 has held for over one year. Long-term debt appears on Phillips 66 balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Phillips 66 balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.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 tightly coupled 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 7.73 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 | 928M | 974.4M | Depreciation And Amortization | 1.6B | 1.6B | 2.0B | 1.4B |
Phillips fundamental ratios Correlations
Click cells to compare fundamentals
Phillips Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 | 31.7B | 26.4B | |
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) | (5.0B) | (4.7B) | |
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 | 347M | 686M | 1.5B | (3.3B) | (3.2B) | |
Other Stockholder Equity | 3.6B | 3.3B | 3.4B | 4.5B | 315M | 299.3M | |
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 | 987M | 1.5B | 529M | 1.5B | 1.6B |
Phillips Investors Sentiment
The influence of Phillips' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Phillips. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Phillips' public news can be used to forecast risks associated with an investment in Phillips. The trend in average sentiment can be used to explain how an investor holding Phillips can time the market purely based on public headlines and social activities around Phillips 66. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Phillips' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Phillips' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Phillips' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Phillips.
Phillips Implied Volatility | 41.2 |
Phillips' implied volatility exposes the market's sentiment of Phillips 66 stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Phillips' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Phillips stock will not fluctuate a lot when Phillips' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Phillips in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Phillips' short interest history, or implied volatility extrapolated from Phillips options trading.
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Phillips 66 using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
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 tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Complementary Tools for Phillips Stock analysis
When running Phillips' price analysis, check to measure Phillips' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Phillips is operating at the current time. Most of Phillips' value examination focuses on studying past and present price action to predict the probability of Phillips' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Phillips' price. Additionally, you may evaluate how the addition of Phillips to your portfolios can decrease your overall portfolio volatility.
Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
Commodity Channel Use Commodity Channel Index to analyze current equity momentum |
Is Phillips' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Phillips. If investors know Phillips will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Phillips listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.59) | Dividend Share 4.2 | Earnings Share 13 | Revenue Per Share 337.314 | Quarterly Revenue Growth 0.041 |
The market value of Phillips 66 is measured differently than its book value, which is the value of Phillips that is recorded on the company's balance sheet. Investors also form their own opinion of Phillips' value that differs from its market value or its book value, called intrinsic value, which is Phillips' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Phillips' market value can be influenced by many factors that don't directly affect Phillips' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Phillips' value and its price as these two are different measures arrived at by different means. Investors typically determine if Phillips is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Phillips' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.