ConocoPhillips (LTS:0QZA) Debt-to-Asset : 0.19 (As of Sep. 2024)

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What is ConocoPhillips Debt-to-Asset?

ConocoPhillips's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $1,314 Mil. ConocoPhillips's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $16,990 Mil. ConocoPhillips's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $96,699 Mil. ConocoPhillips's debt to asset for the quarter that ended in Sep. 2024 was 0.19.

ConocoPhillips Debt-to-Asset Historical Data

The historical data trend for ConocoPhillips's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ConocoPhillips Debt-to-Asset Chart

ConocoPhillips Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.21

0.25

0.22

0.18

0.20

ConocoPhillips Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.20	0.20	0.19	0.19	0.19

Competitive Comparison of ConocoPhillips's Debt-to-Asset

For the Oil & Gas E&P subindustry, ConocoPhillips's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ConocoPhillips's Debt-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, ConocoPhillips's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where ConocoPhillips's Debt-to-Asset falls into.

ConocoPhillips Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

ConocoPhillips's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1074	+	17863)	/	95924
	=	0.20

ConocoPhillips's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1314	+	16990)	/	96699
	=	0.19

ConocoPhillips (LTS:0QZA) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

ConocoPhillips Debt-to-Asset Related Terms

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ConocoPhillips Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ConocoPhillips (LTS:0QZA) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

COP:USA COP:Mexico 1COP:Italy YCPd:UK YCP:Germany YCP:Germany YCP:Germany YCP:Germany COPH34:Brazil COPH:Austria

Address

925 North Eldridge Parkway, Houston, TX, USA, 77079

Website

https://www.conocophillips.com

ConocoPhillips is a US-based independent exploration and production firm. In 2023, it produced 1.2 million barrels per day of oil and natural gas liquids and 3.1 billion cubic feet per day of natural gas, primarily from Alaska and the Lower 48 in the United States and Norway in Europe and several countries in Asia-Pacific and the Middle East. Proven reserves at year-end 2023 were 6.8 billion barrels of oil equivalent.

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