ConocoPhillips (COP)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| 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 |
| Financial leverage ratio | 1.89 | 1.94 | 1.93 | 1.93 | 1.95 | 1.96 | 1.89 | 1.91 | 1.95 | 1.93 | 1.87 | 1.90 | 2.00 | 1.98 | 1.93 | 2.10 | 2.10 | 2.05 | 2.00 | 2.08 |
ConocoPhillips has consistently maintained a low level of debt when compared to its total assets, as indicated by the debt-to-assets ratio of 0.00 across all reported quarters. This suggests that the company has a strong solvency position with a low level of financial risk.
Similarly, the debt-to-capital ratio and the debt-to-equity ratio for ConocoPhillips also remain at 0.00 throughout the reporting period. These ratios further confirm the company's low reliance on debt financing, highlighting a conservative capital structure and a solid financial footing.
The financial leverage ratio, which indicates the extent to which the company is using debt to finance its assets, shows a decreasing trend over the years from 2.08 in March 2020 to 1.89 in December 2024. This signifies that ConocoPhillips is gradually reducing its financial leverage, which can lead to lower financial risk and improved financial stability.
Overall, the solvency ratios of ConocoPhillips demonstrate a prudent approach to managing its financial obligations, maintaining a strong balance sheet, and ensuring long-term sustainability.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 13.34 | 13.61 | 14.43 | 14.53 | 17.53 | 20.75 | 24.66 | 28.93 | 26.45 | 24.94 | 20.91 | 16.61 | 12.11 | 7.38 | 3.93 | -0.03 | -3.08 | -0.78 | 1.31 | 4.43 |
ConocoPhillips interest coverage ratio has displayed significant fluctuations over the period from March 31, 2020, to December 31, 2024. The interest coverage ratio, which indicates the company's ability to meet its interest obligations, started at 4.43 on March 31, 2020, but decreased to as low as -3.08 by December 31, 2020, indicating potential financial distress.
However, the company's interest coverage ratio showed signs of improvement in the following quarters, turning positive again from March 31, 2021, onwards. The ratio steadily increased to 28.93 by March 31, 2023, reflecting a substantial improvement in ConocoPhillips' ability to cover its interest expenses.
Throughout the latter part of the period, the interest coverage ratio remained relatively stable, fluctuating between 13.34 and 28.93. This stability suggests that ConocoPhillips has maintained a consistent ability to meet its interest obligations despite the fluctuations observed earlier.
Overall, ConocoPhillips' interest coverage ratio indicates both periods of financial strain and recovery, ultimately stabilizing at a level that suggests the company is effectively managing its interest costs relative to its operating income.