Microsoft Excel LibreOffice Calc

Liquidity Analysis

Difficulty: Beginner


Ratios (Summary)

ConocoPhillips, liquidity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Current ratio 1.76 1.25 0.95 1.31 1.26
Quick ratio 1.53 1.02 0.74 1.03 0.99
Cash ratio 1.07 0.53 0.26 0.44 0.43

Based on: 10-K (filing date: 2018-02-20), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-23), 10-K (filing date: 2015-02-24), 10-K (filing date: 2014-02-25).

Ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. ConocoPhillips's current ratio improved from 2015 to 2016 and from 2016 to 2017.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. ConocoPhillips's quick ratio improved from 2015 to 2016 and from 2016 to 2017.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. ConocoPhillips's cash ratio improved from 2015 to 2016 and from 2016 to 2017.

Current Ratio

ConocoPhillips, current ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Selected Financial Data (USD $ in millions)
Current assets 16,512  8,609  8,789  15,068  19,023 
Current liabilities 9,397  6,909  9,256  11,537  15,129 
Ratio
Current ratio1 1.76 1.25 0.95 1.31 1.26
Benchmarks
Current Ratio, Competitors
Chevron Corp. 1.03 0.93 1.34 1.32 1.52
EOG Resources Inc. 1.20 1.75 1.42 1.60 1.42
Exxon Mobil Corp. 0.82 0.87 0.79 0.82 0.83
Occidental Petroleum Corp. 1.12 1.32 1.37 1.68 1.34
Phillips 66 1.42 1.34 1.63 1.50 1.49
Current Ratio, Sector
Oil & Gas Producers 1.03 1.00 1.05 1.12 1.13
Current Ratio, Industry
Oil & Gas 1.02 1.05 1.13 1.15 1.18

Based on: 10-K (filing date: 2018-02-20), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-23), 10-K (filing date: 2015-02-24), 10-K (filing date: 2014-02-25).

2017 Calculations

1 Current ratio = Current assets ÷ Current liabilities
= 16,512 ÷ 9,397 = 1.76

Ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. ConocoPhillips's current ratio improved from 2015 to 2016 and from 2016 to 2017.

Quick Ratio

ConocoPhillips, quick ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Selected Financial Data (USD $ in millions)
Cash and cash equivalents 6,325  3,610  2,368  5,062  6,246 
Short-term investments 1,873  50  –  –  272 
Accounts and notes receivable, net of allowance 4,179  3,249  4,314  6,675  8,273 
Accounts and notes receivable, related parties 141  165  200  132  214 
Investment in Cenovus Energy 1,899  –  –  –  – 
Total quick assets 14,417  7,074  6,882  11,869  15,005 
Current liabilities 9,397  6,909  9,256  11,537  15,129 
Ratio
Quick ratio1 1.53 1.02 0.74 1.03 0.99
Benchmarks
Quick Ratio, Competitors
Chevron Corp. 0.73 0.66 0.91 0.94 1.16
EOG Resources Inc. 0.89 1.39 0.91 1.14 1.04
Exxon Mobil Corp. 0.50 0.53 0.44 0.51 0.53
Occidental Petroleum Corp. 0.79 0.98 1.08 1.46 1.08
Phillips 66 1.05 0.96 1.10 1.12 1.16
Quick Ratio, Sector
Oil & Gas Producers 0.71 0.68 0.68 0.79 0.82
Quick Ratio, Industry
Oil & Gas 0.71 0.74 0.77 0.82 0.86

Based on: 10-K (filing date: 2018-02-20), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-23), 10-K (filing date: 2015-02-24), 10-K (filing date: 2014-02-25).

2017 Calculations

1 Quick ratio = Total quick assets ÷ Current liabilities
= 14,417 ÷ 9,397 = 1.53

Ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. ConocoPhillips's quick ratio improved from 2015 to 2016 and from 2016 to 2017.

Cash Ratio

ConocoPhillips, cash ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Selected Financial Data (USD $ in millions)
Cash and cash equivalents 6,325  3,610  2,368  5,062  6,246 
Short-term investments 1,873  50  –  –  272 
Investment in Cenovus Energy 1,899  –  –  –  – 
Total cash assets 10,097  3,660  2,368  5,062  6,518 
Current liabilities 9,397  6,909  9,256  11,537  15,129 
Ratio
Cash ratio1 1.07 0.53 0.26 0.44 0.43
Benchmarks
Cash Ratio, Competitors
Chevron Corp. 0.17 0.22 0.43 0.41 0.50
EOG Resources Inc. 0.31 0.79 0.39 0.62 0.46
Exxon Mobil Corp. 0.05 0.08 0.07 0.07 0.07
Occidental Petroleum Corp. 0.23 0.35 0.64 0.95 0.40
Phillips 66 0.31 0.29 0.41 0.47 0.42
Cash Ratio, Sector
Oil & Gas Producers 0.21 0.20 0.24 0.29 0.26
Cash Ratio, Industry
Oil & Gas 0.21 0.25 0.31 0.30 0.29

Based on: 10-K (filing date: 2018-02-20), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-23), 10-K (filing date: 2015-02-24), 10-K (filing date: 2014-02-25).

2017 Calculations

1 Cash ratio = Total cash assets ÷ Current liabilities
= 10,097 ÷ 9,397 = 1.07

Ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. ConocoPhillips's cash ratio improved from 2015 to 2016 and from 2016 to 2017.