ConocoPhillips Balance Sheet Health
Financial Health criteria checks 5/6
ConocoPhillips has a total shareholder equity of $49.7B and total debt of $17.3B, which brings its debt-to-equity ratio to 34.8%. Its total assets and total liabilities are $96.0B and $46.2B respectively. ConocoPhillips's EBIT is $16.1B making its interest coverage ratio 39.9. It has cash and short-term investments of $6.0B.
Key information
34.8%
Debt to equity ratio
US$17.32b
Debt
| Interest coverage ratio | 39.9x |
| Cash | US$6.02b |
| Equity | US$49.75b |
| Total liabilities | US$46.25b |
| Total assets | US$95.99b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: COP's short term assets ($13.7B) exceed its short term liabilities ($10.3B).
Long Term Liabilities: COP's short term assets ($13.7B) do not cover its long term liabilities ($35.9B).
Debt to Equity History and Analysis
Debt Level: COP's net debt to equity ratio (22.7%) is considered satisfactory.
Reducing Debt: COP's debt to equity ratio has reduced from 42.9% to 34.8% over the past 5 years.
Debt Coverage: COP's debt is well covered by operating cash flow (119%).
Interest Coverage: COP's interest payments on its debt are well covered by EBIT (39.9x coverage).