ConocoPhillips Balance Sheet Health
Financial Health criteria checks 5/6
ConocoPhillips has a total shareholder equity of $49.9B and total debt of $17.3B, which brings its debt-to-equity ratio to 34.7%. Its total assets and total liabilities are $96.7B and $46.8B respectively. ConocoPhillips's EBIT is $15.3B making its interest coverage ratio 38.3. It has cash and short-term investments of $6.8B.
Key information
34.7%
Debt to equity ratio
US$17.31b
Debt
| Interest coverage ratio | 38.3x |
| Cash | US$6.79b |
| Equity | US$49.88b |
| Total liabilities | US$46.82b |
| Total assets | US$96.70b |
Recent financial health updates
These 4 Measures Indicate That ConocoPhillips (NYSE:COP) Is Using Debt Reasonably Well
Sep 04
Is ConocoPhillips (NYSE:COP) Using Too Much Debt?
Apr 28We Think ConocoPhillips (NYSE:COP) Can Stay On Top Of Its Debt
Dec 26Is ConocoPhillips (NYSE:COP) Using Too Much Debt?
Sep 25Recent updates
ConocoPhillips: Navigating Market Pressures
Nov 18ConocoPhillips: Lackluster Oil And Gas Action, Low-Teens P/E Warranted
Oct 23ConocoPhillips: Buy The Drop
Sep 17These 4 Measures Indicate That ConocoPhillips (NYSE:COP) Is Using Debt Reasonably Well
Sep 04Energy Payday: ConocoPhillips' Blueprint For Dividend Investors
Aug 28ConocoPhillips (NYSE:COP) Just Released Its Second-Quarter Earnings: Here's What Analysts Think
Aug 03A Look At The Fair Value Of ConocoPhillips (NYSE:COP)
Jul 26ConocoPhillips: Improving Natural Gas Outlook Should Encourage Investors
Jul 09ConocoPhillips' (NYSE:COP) Prospects Need A Boost To Lift Shares
Jun 10ConocoPhillips' Marathon Oil Purchase Is An Accretive Action
May 29ConocoPhillips: Delaware, Willow And The Decade Of Low-Risk Growth
May 18Shareholders Will Probably Hold Off On Increasing ConocoPhillips' (NYSE:COP) CEO Compensation For The Time Being
May 08Is ConocoPhillips (NYSE:COP) Using Too Much Debt?
Apr 28ConocoPhillips: 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 14Financial Position Analysis
Short Term Liabilities: COP's short term assets ($14.0B) exceed its short term liabilities ($10.8B).
Long Term Liabilities: COP's short term assets ($14.0B) do not cover its long term liabilities ($36.1B).
Debt to Equity History and Analysis
Debt Level: COP's net debt to equity ratio (21.1%) is considered satisfactory.
Reducing Debt: COP's debt to equity ratio has reduced from 40.2% to 34.7% over the past 5 years.
Debt Coverage: COP's debt is well covered by operating cash flow (120.9%).
Interest Coverage: COP's interest payments on its debt are well covered by EBIT (38.3x coverage).