Quick Ratio

A quick ratio measures a company’s ability to pay short-term liabilities with its most liquid assets (excluding inventory), and a value of 0.71x means PSX has $0.71 of liquid assets for every $1 of current debt — below the 1.0x threshold often considered healthy.

Compared to Energy sector peers, PSX’s quick ratio of 0.71x sits above the sector median of 0.55x, placing it in the 68th percentile, so it is more liquid than most companies in its industry. Trend data is not available: the year-over-year change is N/A, the quarter-over-quarter change is N/A, and the last eight quarters show no direction — only the current single value of 0.71x exists. Because there is no trend to assess and the level alone is below 1.0x but above the sector median, the investment risk is moderate — the company has less liquidity than a traditional benchmark but is still relatively strong within the Energy sector. This metric supports the overall NEUTRAL verdict: the quick ratio indicates neither a clear strength (it is below 1.0x) nor a clear weakness (it beats the sector median), leaving the stock in a balanced risk position.

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