ConocoPhillips Balance Sheet Health
Financial Health criteria checks 5/6
ConocoPhillips has a total shareholder equity of $49.3B and total debt of $17.8B, which brings its debt-to-equity ratio to 36.1%. Its total assets and total liabilities are $95.9B and $46.6B respectively. ConocoPhillips's EBIT is $16.4B making its interest coverage ratio 44.6. It has cash and short-term investments of $6.6B.
Key information
36.1%
Debt to equity ratio
US$17.81b
Debt
Interest coverage ratio | 44.6x |
Cash | US$6.61b |
Equity | US$49.28b |
Total liabilities | US$46.65b |
Total assets | US$95.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: COP *'s short term assets ($14.3B) exceed its short term liabilities ($10.0B).
Long Term Liabilities: COP *'s short term assets ($14.3B) do not cover its long term liabilities ($36.6B).
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 44.3% to 36.1% over the past 5 years.
Debt Coverage: COP *'s debt is well covered by operating cash flow (112.1%).
Interest Coverage: COP *'s interest payments on its debt are well covered by EBIT (44.6x coverage).