Total Debt (Carrying Amount)
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
Debt item | Description | The company |
---|---|---|
Total debt, including finance leases (carrying amount) | Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. | ConocoPhillips total debt increased from 2019 to 2020 and from 2020 to 2021. |
Total Debt (Fair Value)
Dec 31, 2021 | |
---|---|
Selected Financial Data (US$ in millions) | |
Debt, excluding finance leases | 22,451 |
Finance leases | 1,261 |
Total debt, including finance leases (fair value) | 23,712 |
Financial Ratio | |
Debt, fair value to carrying amount ratio | 1.19 |
Based on: 10-K (reporting date: 2021-12-31).
Weighted-average Interest Rate on Debt
Weighted-average interest rate on debt: 5.26%
Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
---|---|---|---|
2.40% | 329 | 8 | |
7.65% | 78 | 6 | |
3.35% | 426 | 14 | |
8.20% | 134 | 11 | |
3.35% | 199 | 7 | |
6.88% | 67 | 5 | |
4.95% | 1,250 | 62 | |
7.80% | 203 | 16 | |
3.75% | 981 | 37 | |
3.75% | 19 | 1 | |
4.30% | 973 | 42 | |
4.30% | 27 | 1 | |
7.38% | 92 | 7 | |
7.00% | 200 | 14 | |
6.95% | 1,549 | 108 | |
8.13% | 390 | 32 | |
2.40% | 489 | 12 | |
2.40% | 11 | — | |
7.20% | 575 | 41 | |
7.25% | 500 | 36 | |
7.40% | 500 | 37 | |
5.90% | 505 | 30 | |
4.15% | 246 | 10 | |
5.95% | 500 | 30 | |
5.95% | 645 | 38 | |
5.90% | 600 | 35 | |
6.50% | 2,750 | 179 | |
4.30% | 750 | 32 | |
5.95% | 500 | 30 | |
7.90% | 60 | 5 | |
4.88% | 800 | 39 | |
4.85% | 590 | 29 | |
4.85% | 10 | — | |
1.12% | 500 | 6 | |
0.15% | 265 | — | |
0.12% | 18 | — | |
3.24% | 1,261 | 41 | |
Total | 18,992 | 999 | |
5.26% |
Based on: 10-K (reporting date: 2021-12-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × 999 ÷ 18,992 = 5.26%
Interest Costs Incurred
12 months ended: | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Interest expensed | 884 | 806 | 778 | 735 | 1,098 | ||||||
Interest capitalized | 62 | 55 | 57 | 170 | 119 | ||||||
Interest incurred | 946 | 861 | 835 | 905 | 1,217 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
Debt item | Description | The company |
---|---|---|
Interest expensed | Amount of the cost of borrowed funds accounted for as interest expense for debt. | ConocoPhillips interest expensed increased from 2019 to 2020 and from 2020 to 2021. |
Interest capitalized | Amount of interest costs capitalized disclosed as an adjusting item to interest costs incurred. | ConocoPhillips interest capitalized decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level. |
Interest incurred | Total interest costs incurred during the period and either capitalized or charged against earnings. | ConocoPhillips interest incurred increased from 2019 to 2020 and from 2020 to 2021. |
Adjusted Interest Coverage Ratio
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
2021 Calculations
1 Interest coverage ratio (without capitalized interest) = EBIT ÷ Interest and debt expense
= 13,596 ÷ 884 = 15.38
2 Adjusted interest coverage ratio (with capitalized interest) = EBIT ÷ Interest incurred
= 13,596 ÷ 946 = 14.37
Solvency ratio | Description | The company |
---|---|---|
Adjusted interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments (including capitalized interest). | ConocoPhillips adjusted interest coverage ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |