Debt-to-Equity Ratio
Higher than 58% of Energy sector peers
Updated 368h ago
Sector Performance
58th percentilePSX
0.95x
Sector Median
0.74x
Sector Avg
1.14x
Deep Analysis
PSX’s current Debt-to-Equity ratio of 0.95x means the company has $0.95 of debt for every $1.00 of shareholder equity, a standard measure of financial leverage.
Among Energy sector peers, this is above the sector median of 0.68x, placing PSX in the 59th percentile—indicating higher leverage than roughly six out of ten peers. Trend data is unavailable, with year-over-year change marked N/A and quarter-over-quarter change marked N/A, so no directional shift can be assessed. The combination of a moderately above-median leverage level and no trend information implies a neutral risk profile: the current debt load is elevated relative to peers, but without movement data it is unclear whether leverage is rising or declining. This metric does not contradict the overall NEUTRAL verdict, as the ratio is not extreme enough to suggest a strong risk or opportunity, and the lack of trend keeps the assessment balanced.
Frequently Asked Questions
What does the Debt-to-Equity Ratio tell investors about PSX?
Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.
How is the Debt-to-Equity Ratio calculated?
Debt-to-Equity Ratio is calculated as: Total Debt / Shareholders' Equity.
How does PSX's Debt-to-Equity Ratio compare to its sector?
PSX's Debt-to-Equity Ratio of 0.95x compares to a Energy sector median of 0.74x, placing it in the 58th percentile.
Who are PSX's closest peers by Debt-to-Equity Ratio?
The closest Energy peers by Debt-to-Equity Ratio include: REI (0.68x), APA (0.68x), SEDG (0.81x), AR (0.59x), ESTE (0.95x).
The Formula
Total Debt / Shareholders' Equity
Why It Matters
Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.
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0.95x
Sector Median
0.74x
Sector Avg
1.14x
How PSX's Debt-to-Equity Ratio compares to sector peers.
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Not financial advice. Research tool only. Data may be delayed.