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Microsoft Excel LibreOffice Calc

ConocoPhillips (NYSE:COP)

Analysis of Debt

Advanced level

Total Debt (Carrying Amount)

ConocoPhillips, balance sheet: debt

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Short-term debt
Long-term debt
Total debt, including finance leases (carrying amount)

Based on: 10-K (filing date: 2020-02-18), 10-K (filing date: 2019-02-19), 10-K (filing date: 2018-02-20), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-23).

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’s total debt decreased from 2017 to 2018 and from 2018 to 2019.

Total Debt (Fair Value)

Microsoft Excel LibreOffice Calc
Dec 31, 2019
Selected Financial Data (US$ in millions)
Debt, excluding finance leases
Finance leases
Total debt, including finance leases (fair value)
Financial Ratio
Debt, fair value to carrying amount ratio

Based on: 10-K (filing date: 2020-02-18).

Weighted-average Interest Rate on Debt

Weighted-average interest rate on debt: hidden

Interest Rate Debt Amount1 Interest Rate × Debt Amount Weighted-average Interest Rate2
Total

Based on: 10-K (filing date: 2020-02-18).

1 US$ in millions

2 Weighted-average interest rate = 100 × hidden ÷ hidden = hidden

Interest Costs Incurred

ConocoPhillips, interest costs incurred

US$ in millions

Microsoft Excel LibreOffice Calc
12 months ended Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Interest expensed
Interest capitalized
Interest incurred

Based on: 10-K (filing date: 2020-02-18), 10-K (filing date: 2019-02-19), 10-K (filing date: 2018-02-20), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-23).

Debt item Description The company
Interest expensed Amount of the cost of borrowed funds accounted for as interest expense for debt. ConocoPhillips’s interest expensed decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.
Interest capitalized Amount of interest costs capitalized disclosed as an adjusting item to interest costs incurred. ConocoPhillips’s interest capitalized increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.
Interest incurred Total interest costs incurred during the period and either capitalized or charged against earnings. ConocoPhillips’s interest incurred decreased from 2017 to 2018 and from 2018 to 2019.

Adjusted Interest Coverage Ratio

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Net income (loss) attributable to ConocoPhillips
Add: Net income attributable to noncontrolling interest
Add: Income tax expense
Add: Interest and debt expense
Earnings before interest and tax (EBIT)
 
Interest incurred
Financial Ratio With and Without Capitalized Interest
Interest coverage ratio (without capitalized interest)1
Adjusted interest coverage ratio (with capitalized interest)2

Based on: 10-K (filing date: 2020-02-18), 10-K (filing date: 2019-02-19), 10-K (filing date: 2018-02-20), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-23).

2019 Calculations

1 Interest coverage ratio (without capitalized interest) = EBIT ÷ Interest and debt expense
= hidden ÷ hidden = hidden

2 Adjusted interest coverage ratio (with capitalized interest) = EBIT ÷ Interest incurred
= hidden ÷ hidden = hidden

Solvency ratio Description The company
Adjusted interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments (including capitalized interest). ConocoPhillips’s adjusted interest coverage ratio improved from 2017 to 2018 and from 2018 to 2019.