Quick Ratio

The current quick ratio of 1.03x means the company has $1.03 in highly liquid assets (cash, marketable securities, receivables) for every $1 of current liabilities, indicating it can cover immediate obligations.

This figure sits above the sector median of 0.71x and places COP in the 72nd percentile among its peers, showing stronger short-term liquidity than the typical sector company. Trend data is not available: the year-over-year change, quarter-over-quarter change, and direction over the last eight quarters are all listed as N/A, and only the most recent historical value of 1.03x exists. Without a trend, the combination of a ratio slightly above 1.0x and the absence of movement over time offers no clear signal for rising or falling risk. The metric supports the overall NEUTRAL verdict because the adequate liquidity level is consistent with a balanced risk profile, but the lack of trend prevents any shift in conviction.

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