Stock Analysis on Net

ConocoPhillips (NYSE:COP)

$24.99

Current Ratio
since 2005

Microsoft Excel

Calculation

ConocoPhillips, current ratio, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 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), 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 analysis of the annual financial data over the reported period reveals notable fluctuations in liquidity metrics, particularly current assets, current liabilities, and the current ratio.

Current Assets
Current assets exhibit variability throughout the years. Starting at $19,612 million in 2005, the value increased notably to a peak of $34,660 million in 2010. Subsequently, there was a declining trend reaching a low of $8,609 million in 2016. Afterward, current assets began to recover, rising to $18,749 million in 2022 before slightly decreasing to $15,647 million in 2024. This pattern indicates periods of both asset accumulation and reduction, reflecting possible changes in operational scale or asset management strategies.
Current Liabilities
Current liabilities generally trended downward from $21,359 million in 2005 to a low of $5,366 million in 2020, with intermittent increases and decreases. A significant drop occurred between 2011 and 2012, falling from $28,068 million to $17,443 million. Post-2020, liabilities increased to $12,124 million by 2024. These movements suggest adjustments in short-term obligations, possibly linked to financing decisions or operational cycles.
Current Ratio
The current ratio, reflecting the company's short-term liquidity position, started below 1.0, at 0.92 in 2005, indicating potential liquidity constraints. It improved to over 1.0 by 2010, peaking at 2.40 in 2019, which signals enhanced capability to cover current liabilities with current assets. However, the ratio declined to 1.29 by 2024, still above 1.0 but showing reduced liquidity relative to the recent peak. Variations in the ratio largely correlate with the movements in current assets and liabilities, implying responsiveness to changes in working capital management.

In summary, the data demonstrate cyclical adjustments in liquidity, with significant expansions and contractions in current assets and liabilities affecting overall short-term financial stability. The current ratio's rise above 1.0 after 2009 indicates improved liquidity management, although the decline after 2019 signals a need for continued monitoring. These trends likely reflect the company's operational and financial strategies in response to evolving economic conditions and internal priorities.


Comparison to Competitors

ConocoPhillips, current ratio, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 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), 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)

ConocoPhillips, current ratio, long-term trends, comparison to sector (oil, gas & consumable fuels)

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 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), 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)