Stock Analysis on Net

ConocoPhillips (NYSE:COP)

$19.99

Analysis of Debt

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Total Debt (Carrying Amount)

ConocoPhillips, balance sheet: debt

US$ in millions

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Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Short-term debt
Long-term debt
Total debt, including finance leases (carrying amount)

Based on: 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), 10-K (reporting date: 2016-12-31).

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 decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.

Total Debt (Fair Value)

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Dec 31, 2020
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 (reporting date: 2020-12-31).


Weighted-average Interest Rate on Debt

Weighted-average interest rate on debt:

Interest rate Debt amount1 Interest rate × Debt amount Weighted-average interest rate2
Total

Based on: 10-K (reporting date: 2020-12-31).

1 US$ in millions

2 Weighted-average interest rate = 100 × ÷ =


Interest Costs Incurred

ConocoPhillips, interest costs incurred

US$ in millions

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12 months ended: Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Interest expensed
Interest capitalized
Interest incurred

Based on: 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), 10-K (reporting date: 2016-12-31).

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 2018 to 2019 and from 2019 to 2020.
Interest capitalized Amount of interest costs capitalized disclosed as an adjusting item to interest costs incurred. ConocoPhillips interest capitalized decreased from 2018 to 2019 and from 2019 to 2020.
Interest incurred Total interest costs incurred during the period and either capitalized or charged against earnings. ConocoPhillips interest incurred decreased from 2018 to 2019 but then slightly increased from 2019 to 2020.

Adjusted Interest Coverage Ratio

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Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
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 (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), 10-K (reporting date: 2016-12-31).

2020 Calculations

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

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


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 improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.