ConocoPhillips (COP)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $49,279,000K
= 0.00
The debt-to-equity ratio of Conoco Phillips has shown some fluctuations over the past eight quarters. In Q4 2023, the ratio stood at 0.38, slightly lower compared to the previous quarter. This indicates that the company had $0.38 in debt for every $1 of equity.
Looking at the trend over the past year, the ratio has remained relatively stable, hovering around 0.35 to 0.40. Generally, a lower debt-to-equity ratio suggests that the company is relying less on debt to finance its operations and is in a more financially stable position.
The slight fluctuations in the ratio may be due to changes in the company's capital structure or borrowing activities. It is important to monitor these changes to assess the company's financial leverage and risk profile. Overall, Conoco Phillips' debt-to-equity ratio suggests a moderate level of debt relative to equity, which indicates a balanced approach to financing its operations.
Peer comparison
Dec 31, 2023