Stock Analysis on Net
Stock Analysis on Net

ConocoPhillips (NYSE:COP)

Analysis of Liquidity Ratios
Quarterly Data

Beginner level


Liquidity Ratios (Summary)

ConocoPhillips, liquidity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Current ratio 2.69 2.16 2.40 2.56 1.76 1.86 1.79 1.99 1.75 1.85 1.76 2.38 2.00 1.43 1.25 1.28 1.26 1.24 0.95 1.17 1.37 1.13
Quick ratio 2.29 1.72 1.93 2.30 1.35 1.65 1.58 1.51 1.50 1.58 1.53 2.11 1.51 0.89 1.02 1.01 1.02 1.03 0.74 0.83 1.03 0.84
Cash ratio 1.92 1.35 1.45 1.69 0.95 1.12 1.03 0.90 0.90 0.99 1.07 1.64 1.19 0.45 0.53 0.57 0.57 0.59 0.26 0.29 0.44 0.28

Based on: 10-Q (filing date: 2020-08-04), 10-Q (filing date: 2020-05-05), 10-K (filing date: 2020-02-18), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-19), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-20), 10-Q (filing date: 2017-10-31), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-21), 10-Q (filing date: 2016-11-01), 10-Q (filing date: 2016-08-02), 10-Q (filing date: 2016-05-03), 10-K (filing date: 2016-02-23), 10-Q (filing date: 2015-11-03), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-05).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. ConocoPhillips’s current ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 exceeding Q4 2019 level.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. ConocoPhillips’s quick ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 exceeding Q4 2019 level.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. ConocoPhillips’s cash ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 exceeding Q4 2019 level.

Current Ratio

ConocoPhillips, current ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Current assets 11,053  13,144  16,913  15,217  15,800  13,683  13,274  14,723  11,608  13,187  16,512  16,954  19,879  10,728  8,609  9,641  9,259  10,934  8,789  9,664  11,944  10,840 
Current liabilities 4,105  6,075  7,043  5,942  8,996  7,370  7,395  7,401  6,638  7,109  9,397  7,131  9,926  7,526  6,909  7,537  7,348  8,825  9,256  8,287  8,734  9,563 
Liquidity Ratio
Current ratio1 2.69 2.16 2.40 2.56 1.76 1.86 1.79 1.99 1.75 1.85 1.76 2.38 2.00 1.43 1.25 1.28 1.26 1.24 0.95 1.17 1.37 1.13
Benchmarks
Current Ratio, Competitors2
Chevron Corp. 1.14 1.01 1.07 1.12 1.15 1.12 1.25 1.22 1.08 1.04 1.03 1.04 0.95 1.04 0.93 1.17 1.30 1.09 1.34 1.32 1.44 1.40
Exxon Mobil Corp. 0.93 0.78 0.78 0.78 0.74 0.77 0.84 0.83 0.81 0.80 0.82 0.85 0.83 0.81 0.87 0.86 0.89 0.91 0.79 0.86 0.88 0.91

Based on: 10-Q (filing date: 2020-08-04), 10-Q (filing date: 2020-05-05), 10-K (filing date: 2020-02-18), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-19), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-20), 10-Q (filing date: 2017-10-31), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-21), 10-Q (filing date: 2016-11-01), 10-Q (filing date: 2016-08-02), 10-Q (filing date: 2016-05-03), 10-K (filing date: 2016-02-23), 10-Q (filing date: 2015-11-03), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-05).

1 Q2 2020 Calculation
Current ratio = Current assets ÷ Current liabilities
= 11,053 ÷ 4,105 = 2.69

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. ConocoPhillips’s current ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 exceeding Q4 2019 level.

Quick Ratio

ConocoPhillips, quick ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Cash and cash equivalents 2,907  3,908  5,088  7,193  5,941  6,218  5,915  3,716  3,234  4,984  6,325  6,911  7,534  3,109  3,610  4,090  2,863  4,866  2,368  2,413  3,813  2,664 
Short-term investments 3,985  3,866  3,028  908  732  249  248  875  612  288  1,873  2,696  2,733  252  50  234  1,289  307  —  —  —  — 
Accounts and notes receivable, net of allowance 1,399  2,116  3,267  3,478  3,490  3,701  3,920  4,319  3,750  4,032  4,179  3,222  3,020  3,105  3,249  3,163  3,144  3,753  4,314  4,332  5,044  5,246 
Accounts and notes receivable, related parties 133  148  134  138  161  168  147  180  180  160  141  142  143  254  165  157  172  201  200  132  135  133 
Investment in Cenovus Energy 971  420  2,111  1,951  1,835  1,805  1,462  2,086  2,159  1,776  1,899  2,084  1,533  —  —  —  —  —  —  —  —  — 
Total quick assets 9,395  10,458  13,628  13,668  12,159  12,141  11,692  11,176  9,935  11,240  14,417  15,055  14,963  6,720  7,074  7,644  7,468  9,127  6,882  6,877  8,992  8,043 
 
Current liabilities 4,105  6,075  7,043  5,942  8,996  7,370  7,395  7,401  6,638  7,109  9,397  7,131  9,926  7,526  6,909  7,537  7,348  8,825  9,256  8,287  8,734  9,563 
Liquidity Ratio
Quick ratio1 2.29 1.72 1.93 2.30 1.35 1.65 1.58 1.51 1.50 1.58 1.53 2.11 1.51 0.89 1.02 1.01 1.02 1.03 0.74 0.83 1.03 0.84
Benchmarks
Quick Ratio, Competitors2
Chevron Corp. 0.74 0.66 0.72 0.82 0.80 0.79 0.93 0.91 0.76 0.73 0.73 0.74 0.64 0.73 0.66 0.82 0.91 0.73 0.91 0.91 1.01 0.96
Exxon Mobil Corp. 0.55 0.50 0.47 0.48 0.45 0.48 0.49 0.51 0.49 0.48 0.50 0.51 0.50 0.50 0.53 0.51 0.51 0.51 0.44 0.48 0.52 0.54

Based on: 10-Q (filing date: 2020-08-04), 10-Q (filing date: 2020-05-05), 10-K (filing date: 2020-02-18), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-19), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-20), 10-Q (filing date: 2017-10-31), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-21), 10-Q (filing date: 2016-11-01), 10-Q (filing date: 2016-08-02), 10-Q (filing date: 2016-05-03), 10-K (filing date: 2016-02-23), 10-Q (filing date: 2015-11-03), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-05).

1 Q2 2020 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 9,395 ÷ 4,105 = 2.29

2 Click competitor name to see calculations.

Liquidity 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 deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 exceeding Q4 2019 level.

Cash Ratio

ConocoPhillips, cash ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Cash and cash equivalents 2,907  3,908  5,088  7,193  5,941  6,218  5,915  3,716  3,234  4,984  6,325  6,911  7,534  3,109  3,610  4,090  2,863  4,866  2,368  2,413  3,813  2,664 
Short-term investments 3,985  3,866  3,028  908  732  249  248  875  612  288  1,873  2,696  2,733  252  50  234  1,289  307  —  —  —  — 
Investment in Cenovus Energy 971  420  2,111  1,951  1,835  1,805  1,462  2,086  2,159  1,776  1,899  2,084  1,533  —  —  —  —  —  —  —  —  — 
Total cash assets 7,863  8,194  10,227  10,052  8,508  8,272  7,625  6,677  6,005  7,048  10,097  11,691  11,800  3,361  3,660  4,324  4,152  5,173  2,368  2,413  3,813  2,664 
 
Current liabilities 4,105  6,075  7,043  5,942  8,996  7,370  7,395  7,401  6,638  7,109  9,397  7,131  9,926  7,526  6,909  7,537  7,348  8,825  9,256  8,287  8,734  9,563 
Liquidity Ratio
Cash ratio1 1.92 1.35 1.45 1.69 0.95 1.12 1.03 0.90 0.90 0.99 1.07 1.64 1.19 0.45 0.53 0.57 0.57 0.59 0.26 0.29 0.44 0.28
Benchmarks
Cash Ratio, Competitors2
Chevron Corp. 0.33 0.30 0.22 0.39 0.30 0.29 0.38 0.33 0.24 0.21 0.17 0.24 0.17 0.25 0.22 0.31 0.36 0.30 0.43 0.44 0.44 0.45
Exxon Mobil Corp. 0.22 0.18 0.05 0.08 0.06 0.07 0.05 0.09 0.05 0.07 0.05 0.08 0.08 0.09 0.08 0.10 0.08 0.10 0.07 0.08 0.08 0.09

Based on: 10-Q (filing date: 2020-08-04), 10-Q (filing date: 2020-05-05), 10-K (filing date: 2020-02-18), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-19), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-20), 10-Q (filing date: 2017-10-31), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-21), 10-Q (filing date: 2016-11-01), 10-Q (filing date: 2016-08-02), 10-Q (filing date: 2016-05-03), 10-K (filing date: 2016-02-23), 10-Q (filing date: 2015-11-03), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-05).

1 Q2 2020 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 7,863 ÷ 4,105 = 1.92

2 Click competitor name to see calculations.

Liquidity 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 deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 exceeding Q4 2019 level.