ConocoPhillips (COP)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 15,647,000 | 14,330,000 | 18,749,000 | 16,050,000 | 12,066,000 |
| Total current liabilities | US$ in thousands | 12,124,000 | 10,005,000 | 12,847,000 | 12,021,000 | 5,366,000 |
| Current ratio | 1.29 | 1.43 | 1.46 | 1.34 | 2.25 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $15,647,000K ÷ $12,124,000K
= 1.29
The current ratio of ConocoPhillips has shown a decreasing trend over the past few years, declining from 2.25 in December 31, 2020, to 1.29 in December 31, 2024. A current ratio of above 1 indicates that the company has more current assets than current liabilities to meet its short-term obligations.
Although the current ratio has decreased, ConocoPhillips still has sufficient current assets to cover its current liabilities as of December 31, 2024. However, the downward trend may signal potential liquidity concerns or inefficiencies in managing its short-term assets and liabilities. It is important for the company to closely monitor and manage its liquidity position to ensure its ability to meet its short-term obligations in a timely manner.
Peer comparison
Dec 31, 2024