ConocoPhillips (COP)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 122,780,000 | 95,924,000 | 93,829,000 | 90,661,000 | 62,618,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $122,780,000K
= 0.00
ConocoPhillips has consistently maintained a debt-to-assets ratio of 0.00, according to the financial data provided from December 31, 2020, to December 31, 2024. This indicates that the company has not relied significantly on debt to finance its operations or investments during this period. A debt-to-assets ratio of 0.00 suggests that the company has a strong financial position with a low level of debt relative to its total assets. It indicates a conservative approach to financial management, as ConocoPhillips has a high proportion of assets financed by equity rather than debt. This can be viewed positively by investors and creditors as it signifies a lower risk of financial distress due to excessive debt burden.
Peer comparison
Dec 31, 2024