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
We Think ConocoPhillips (NYSE:COP) Can Stay On Top Of Its Debt
Dec 26
Is ConocoPhillips (NYSE:COP) Using Too Much Debt?
Sep 25ConocoPhillips (NYSE:COP) Seems To Use Debt Rather Sparingly
May 08Is ConocoPhillips (NYSE:COP) A Risky Investment?
Dec 18Recent updates
ConocoPhillips: About That Extra Mile
Apr 24ConocoPhillips: Oil At $85, Buy Or Sell?
Apr 11ConocoPhillips: Accept Lower Returns For Reliability
Mar 06Calculating The Intrinsic Value Of ConocoPhillips (NYSE:COP)
Feb 24Little Excitement Around ConocoPhillips' (NYSE:COP) Earnings
Jan 25ConocoPhillips: Wrapping Up Another Year Of Strong Shareholder Returns
Jan 22ConocoPhillips Deserves Its Higher Share Price
Dec 31We Think ConocoPhillips (NYSE:COP) Can Stay On Top Of Its Debt
Dec 26ConocoPhillips: A Top Dividend Growth Bet For 2024 (Rating Upgrade)
Dec 22ConocoPhillips In 'The Age Of Energy Abundance'
Dec 16ConocoPhillips: Opportunity To Sell At Gain While Price Is Above 200-Day Average
Dec 06Estimating The Intrinsic Value Of ConocoPhillips (NYSE:COP)
Nov 23ConocoPhillips: Beating Big Brothers Exxon And Chevron
Oct 31Is ConocoPhillips (NYSE:COP) Using Too Much Debt?
Sep 25ConocoPhillips: A Solid E&P With A Strong LNG Growth Prospect
Sep 24ConocoPhillips: Steady, Simply Steady
Aug 22ConocoPhillips: A Value-Rich Energy Operator
Aug 15Estimating The Fair Value Of ConocoPhillips (NYSE:COP)
Aug 14ConocoPhillips Is Interesting In An Expensive Market
Jul 18We Ran A Stock Scan For Earnings Growth And ConocoPhillips (NYSE:COP) Passed With Ease
Jul 09ConocoPhillips: A Solid Oil Producer Going Through A Weak Period
Jun 14ConocoPhillips (NYSE:COP) Seems To Use Debt Rather Sparingly
May 08Estimating The Fair Value Of ConocoPhillips (NYSE:COP)
Apr 23Is Now The Time To Put ConocoPhillips (NYSE:COP) On Your Watchlist?
Mar 13ConocoPhillips: Solid Q4 Results, Modest Forward Growth, Attractive Valuation
Feb 07ConocoPhillips: Strong APLNG Results Will Buoy Thursday's Q4 Report
Jan 31ConocoPhillips: Ready To Go Higher, Here's Why
Jan 10ConocoPhillips: 2023 Could Be A Challenging Year For Oil Investors
Dec 31Is ConocoPhillips (NYSE:COP) A Risky Investment?
Dec 18ConocoPhillips Is Quite Expensive
Dec 09Here's Why We Think ConocoPhillips (NYSE:COP) Is Well Worth Watching
Dec 02ConocoPhillips (NYSE:COP) Is Increasing Its Dividend To $0.70
Nov 17Steve Cohen's Point72 enters Dell, EOG, Intuit, exits Nike, McDonald's, Coca-Cola
Nov 14ConocoPhillips to follow suit of oil majors ahead of Q3 earnings
Nov 02ConocoPhillips: Loading Up On Natty!
Oct 27A Discount Valuation And Pivot To LNG Make ConocoPhillips A Buy
Oct 13Financial 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).