We Think Phillips 66 (NYSE:PSX) Is Taking Some Risk With Its Debt [Yahoo! Finance]
Phillips 66 (PSX)
Last phillips 66 earnings: 5/1 07:00 am
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Source: Yahoo! Finance
Phillips 66 NYSE:PSX ) makes use of debt. But should shareholders be worried about its use of debt? When Is Debt Dangerous? Debt is a tool to help businesses grow, but if a business is incapable of paying off its lenders, then it exists at their mercy. Part and parcel of capitalism is the process of 'creative destruction' where failed businesses are mercilessly liquidated by their bankers. However, a more usual (but still expensive) situation is where a company must dilute shareholders at a cheap share price simply to get debt under control. Having said that, the most common situation is where a company manages its debt reasonably well - and to its own advantage. The first step when considering a company's debt levels is to consider its cash and debt together. How Much Debt Does Phillips 66 Carry? The chart below, which you can click on for greater detail, shows that Phillips 66 had US$20.0b in debt in June 2024; about the same as the year before. However, because it has a ca
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News
- Column: Are climate protesters changing the world? Or wasting their time? [Los Angeles Times (CA)]Los Angeles Times
- Phillips 66 (PSX) Stock Drops Despite Market Gains: Important Facts to Note [Yahoo! Finance]Yahoo! Finance
- Phillips 66's (NYSE:PSX) investors will be pleased with their strong 114% return over the last three years [Yahoo! Finance]Yahoo! Finance
- Phillips 66 (NYSE: PSX) had its price target lowered by analysts at Piper Sandler from $151.00 to $136.00. They now have an "overweight" rating on the stock.MarketBeat
- Column: Fossil fuel ads are rampant in American sports. That's not good [Los Angeles Times (CA)]Los Angeles Times
PSX
Earnings
- 7/30/24 - Beat
PSX
Sec Filings
- 9/11/24 - Form 8-K
- 9/9/24 - Form FWP
- 9/4/24 - Form 4
- PSX's page on the SEC website