ConocoPhillips (COP)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,414,000K
= 0.00
ConocoPhillips has maintained a consistently low debt-to-equity ratio over the past five years, with the ratio remaining at 0.00 for each year from December 31, 2020, to December 31, 2024. This indicates that the company has very little or no debt relative to its equity during this period. A low debt-to-equity ratio is generally viewed positively by investors and creditors as it suggests a lower financial risk and greater financial stability within the company. ConocoPhillips' prudent management of debt levels is likely to be perceived favorably in the financial markets, showcasing the company's ability to operate with a conservative capital structure.
Peer comparison
Dec 31, 2024