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ConocoPhillips (COP)

Liquidity Analysis

Difficulty: Beginner

  • Annual Data
  • Quarterly Data

    • Liquidity ratios measure the company's ability to meet its short-term obligations.

    Ratios (Summary)

    ConocoPhillips, liquidity ratios

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    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

    Source: Based on data from ConocoPhillips Annual Reports

    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

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    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 1.06 1.11 1.25 1.21 1.23

    Source: Based on data from ConocoPhillips Annual Reports

    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

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    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 0.74 0.77 0.86 0.85 0.88

    Source: Based on data from ConocoPhillips Annual Reports

    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 0.22 0.27 0.38 0.31 0.29

    Source: Based on data from ConocoPhillips Annual Reports

    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.