ConocoPhillips (COP)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,414,000 | 49,279,000 | 48,003,000 | 45,406,000 | 29,849,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,414,000K)
= 0.00
The debt-to-capital ratio for ConocoPhillips has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its operations, and its capital structure is primarily reliant on equity. A low or zero debt-to-capital ratio can signify financial stability, lower financial risk, and the ability to withstand economic downturns. However, it may also suggest potentially missed opportunities for leveraging debt for growth or tax advantages. Further analysis of the company's overall financial health and risk management strategies would provide a deeper understanding of its capital structure decisions.
Peer comparison
Dec 31, 2024