ConocoPhillips (COP)
Debt-to-capital ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 49,279,000 | 47,745,000 | 47,531,000 | 47,783,000 | 48,003,000 | 49,079,000 | 50,202,000 | 49,218,000 | 45,406,000 | 44,115,000 | 44,276,000 | 43,155,000 | 29,849,000 | 30,783,000 | 31,493,000 | 31,315,000 | 34,981,000 | 35,146,000 | 32,976,000 | 32,859,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $49,279,000K)
= 0.00
Conoco Phillips' debt-to-capital ratio has shown stability over the past eight quarters, hovering around the range of 0.25 to 0.29. The ratio indicates that, on average, approximately 26% to 29% of the company's capital structure is comprised of debt. This suggests that Conoco Phillips has maintained a relatively conservative approach to leveraging, with a significant portion of its capital being funded through equity. The consistency in the debt-to-capital ratio implies that the company has been managing its debt levels effectively in relation to its overall capital base, potentially indicating sound financial management and risk mitigation strategies in place.
Peer comparison
Dec 31, 2023