COP (ConocoPhillips) LT-Debt-to-Total-Asset : 0.18 (As of Sep. 2024)

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What is ConocoPhillips LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. ConocoPhillips's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.18.

ConocoPhillips's long-term debt to total assets ratio declined from Sep. 2023 (0.19) to Sep. 2024 (0.18). It may suggest that ConocoPhillips is progressively becoming less dependent on debt to grow their business.

ConocoPhillips LT-Debt-to-Total-Asset Historical Data

The historical data trend for ConocoPhillips's LT-Debt-to-Total-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 LT-Debt-to-Total-Asset Chart

ConocoPhillips Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.21

0.24

0.21

0.17

0.19

ConocoPhillips Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.19	0.18	0.18	0.18

ConocoPhillips LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	17863	/	95924
	=	0.19

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

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	16990	/	96699
	=	0.18

ConocoPhillips (NYSE:COP) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

ConocoPhillips LT-Debt-to-Total-Asset Related Terms

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ConocoPhillips Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ConocoPhillips (NYSE:COP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

COP:Mexico 1COP:Italy YCPd:UK 0QZA: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.

Executives

Timothy A Leach	director, officer: Executive Vice President	7220 MEADOW ROAD, DALLAS TX 75230
Nicholas G Olds	officer: Senior Vice President	SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084
Ryan Michael Lance	officer: Senior Vice President	SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084
Bullock William L. Jr.	officer: President	SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084
Christopher P. Delk	officer: Vice President, Controller	SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084
Dominic E. Macklon	officer: President	SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084
Heather G Sirdashney	officer: Vice President	SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084
Andrew D Lundquist	officer: SVP	5205 N O'CONNOR BLVD, SUITE 200, IRVING TX 75039
Sharmila Mulligan	director	SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084
Kirk L. Johnson	officer: Senior Vice President	SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084
C William Giraud	officer: Senior Vice President	SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084
Caroline Maury Devine	director	ATLANTIC COAST AIRLINES INC, 45200 BUSINESS COURT, DULLES VA 20166
R A Walker	director	1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380
Kelly Brunetti Rose	officer: SVP & General Counsel	SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084
Andrew M. O'brien	officer: Senior Vice President	SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084