Energy finance analyze
Instructions
Energy finance project
Answer
ConocoPhillips (COP) Financial Analysis LiquidityLiquidity is defined in terms of;Current ratio = 1.32Quick ratio = 1.01Cash ratio = 0.92Cash Conversion Cycle = -32.7The Company has a negative cash conversion cycle. This being the average for the five years, it is also projected that the year ending in Dec 2012, recorded the largest which is -68.6, which has since reduced to -9.3. This means that the company takes minimal number of days to convert their investment assets into revenue. This greatly reduces the daily expenses. The current ratios are averagely above one, hence the company is doing quite well financially. However, the cash ratio is below 1, which means that the company does not optimally depict that they may be having some trouble with optimally acquiring finance for expansion...
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