ConocoPhillips (COP)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 15,647,000 | 13,984,000 | 13,734,000 | 13,721,000 | 14,330,000 | 17,181,000 | 13,501,000 | 16,116,000 | 18,749,000 | 20,453,000 | 18,860,000 | 17,586,000 | 16,050,000 | 20,181,000 | 17,172,000 | 12,066,000 | 12,066,000 | 11,059,000 | 11,053,000 | 13,144,000 |
| Total current liabilities | US$ in thousands | 12,124,000 | 10,765,000 | 10,324,000 | 10,163,000 | 10,005,000 | 10,338,000 | 9,548,000 | 11,553,000 | 12,847,000 | 13,997,000 | 12,216,000 | 11,624,000 | 12,021,000 | 10,449,000 | 8,150,000 | 5,366,000 | 5,366,000 | 4,640,000 | 4,105,000 | 6,075,000 |
| Current ratio | 1.29 | 1.30 | 1.33 | 1.35 | 1.43 | 1.66 | 1.41 | 1.39 | 1.46 | 1.46 | 1.54 | 1.51 | 1.34 | 1.93 | 2.11 | 2.25 | 2.25 | 2.38 | 2.69 | 2.16 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $15,647,000K ÷ $12,124,000K
= 1.29
ConocoPhillips' current ratio has shown fluctuations over the periods provided. The current ratio measures the ability of a company to meet its short-term obligations with its current assets.
From March 31, 2020, to June 30, 2020, there was an increase in the current ratio from 2.16 to 2.69, indicating a stronger ability to cover short-term liabilities. However, the ratio decreased to 2.38 by September 30, 2020, and continued to fluctuate in the subsequent quarters.
As of December 31, 2021, the current ratio stood at 1.34, reflecting a decline in the company's liquidity position. The ratio improved slightly to 1.51 by March 31, 2022, but decreased again to 1.46 by June 30, 2022.
The trend continued with fluctuations in the current ratio throughout 2023 and 2024, reaching a low of 1.29 by December 31, 2024. This suggests that ConocoPhillips may be facing challenges in meeting its short-term obligations with its current assets.
Overall, the declining trend in the current ratio indicates potential liquidity concerns for ConocoPhillips, highlighting the importance of monitoring the company's ability to manage its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024