Current Ratio
since 2005
Calculation
Anadarko Petroleum Corp., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2016 | 1.58 | = | 5,266) | ÷ | 3,328) |
| Dec 31, 2015 | 0.95 | = | 3,982) | ÷ | 4,181) |
| Dec 31, 2014 | 1.10 | = | 11,221) | ÷ | 10,234) |
| Dec 31, 2013 | 1.25 | = | 7,108) | ÷ | 5,703) |
| Dec 31, 2012 | 1.70 | = | 6,795) | ÷ | 3,994) |
| Dec 31, 2011 | 1.41 | = | 6,931) | ÷ | 4,899) |
| Dec 31, 2010 | 1.62 | = | 6,675) | ÷ | 4,114) |
| Dec 31, 2009 | 1.59 | = | 6,083) | ÷ | 3,824) |
| Dec 31, 2008 | 0.97 | = | 5,375) | ÷ | 5,536) |
| Dec 31, 2007 | 0.86 | = | 4,516) | ÷ | 5,257) |
| Dec 31, 2006 | 0.28 | = | 4,614) | ÷ | 16,758) |
| Dec 31, 2005 | 1.21 | = | 2,916) | ÷ | 2,403) |
Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The liquidity position of Anadarko Petroleum Corp. exhibited significant volatility between 2005 and 2016, characterized by a severe short-term liquidity crunch in 2006, a period of sustained strength from 2009 to 2012, and subsequent fluctuations in the final years of the period.
- Liquidity Volatility and the 2006 Anomaly
- A substantial contraction in the current ratio is observed in 2006, where the ratio fell to 0.28. This decline was driven by a sharp increase in current liabilities, which rose from 2,403 million US$ in 2005 to 16,758 million US$ in 2006. This indicates a period where short-term obligations vastly exceeded liquid assets, representing a critical liquidity risk.
- Recovery and Stabilization Phase
- Following the 2006 trough, a steady recovery occurred through 2012. The current ratio returned to parity in 2008 (0.97) and entered a period of strength between 2009 and 2012, peaking at 1.70. This trend was supported by a consistent increase in current assets, which grew from 6,083 million US$ in 2009 to 6,795 million US$ in 2012, while current liabilities were managed more conservatively, fluctuating between 3,824 million US$ and 4,899 million US$.
- Recent Trends and Final Position
- A renewed downward trend in liquidity emerged between 2013 and 2015. The current ratio declined from 1.25 in 2013 to 0.95 in 2015, falling below the 1.0 threshold once again. This was exacerbated by a peak in both current assets and current liabilities in 2014, followed by a sharp contraction of current assets to 3,982 million US$ in 2015. However, the period ended with a significant recovery in 2016, as the current ratio rose to 1.58, driven by a reduction in current liabilities to 3,328 million US$ and a moderate increase in current assets to 5,266 million US$.
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Comparison to Competitors
Anadarko Petroleum Corp., current ratio, long-term trends, comparison to competitors
| Anadarko Petroleum Corp. | Chevron Corp. | ConocoPhillips | ExxonMobil Holdings Corp. | |
|---|---|---|---|---|
| Dec 31, 2016 | 1.58 | 0.93 | 1.25 | 0.87 |
| Dec 31, 2015 | 0.95 | 1.34 | 0.95 | 0.79 |
| Dec 31, 2014 | 1.10 | 1.32 | 1.31 | 0.82 |
| Dec 31, 2013 | 1.25 | 1.52 | 1.26 | 0.83 |
| Dec 31, 2012 | 1.70 | 1.63 | 1.38 | 1.01 |
| Dec 31, 2011 | 1.41 | 1.58 | 1.08 | 0.94 |
| Dec 31, 2010 | 1.62 | 1.68 | 1.26 | 0.94 |
| Dec 31, 2009 | 1.59 | 1.42 | 0.89 | 1.06 |
| Dec 31, 2008 | 0.97 | 1.14 | 0.96 | 1.47 |
| Dec 31, 2007 | 0.86 | 1.17 | 0.92 | 1.47 |
| Dec 31, 2006 | 0.28 | 1.28 | 0.95 | 1.55 |
| Dec 31, 2005 | 1.21 | 1.37 | 0.92 | 1.58 |
Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
Anadarko Petroleum Corp., current ratio, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Anadarko Petroleum Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2016 | 1.58 | 0.92 |
| Dec 31, 2015 | 0.95 | 0.97 |
| Dec 31, 2014 | 1.10 | 1.02 |
| Dec 31, 2013 | 1.25 | 1.07 |
| Dec 31, 2012 | 1.70 | 1.25 |
| Dec 31, 2011 | 1.41 | 1.12 |
| Dec 31, 2010 | 1.62 | 1.20 |
| Dec 31, 2009 | 1.59 | 1.11 |
| Dec 31, 2008 | 0.97 | 1.26 |
| Dec 31, 2007 | 0.86 | 1.26 |
| Dec 31, 2006 | 0.28 | 1.32 |
| Dec 31, 2005 | 1.21 | 1.37 |
Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Energy)
Anadarko Petroleum Corp., current ratio, long-term trends, comparison to industry (energy)
| Anadarko Petroleum Corp. | Energy | |
|---|---|---|
| Dec 31, 2016 | 1.58 | 1.02 |
| Dec 31, 2015 | 0.95 | 1.09 |
| Dec 31, 2014 | 1.10 | 1.10 |
| Dec 31, 2013 | 1.25 | 1.16 |
| Dec 31, 2012 | 1.70 | 1.31 |
| Dec 31, 2011 | 1.41 | 1.18 |
| Dec 31, 2010 | 1.62 | 1.24 |
| Dec 31, 2009 | 1.59 | 1.17 |
| Dec 31, 2008 | 0.97 | 1.28 |
| Dec 31, 2007 | 0.86 | 1.27 |
| Dec 31, 2006 | 0.28 | 1.33 |
| Dec 31, 2005 | 1.21 | 1.38 |
Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).