COPNEUTRAL

COP Quick Ratio Analysis

1.09x

Updated 129h ago·SEC filings & market data

Key Takeaway

The quick ratio measures a company’s ability to pay short-term debts using its most liquid assets—cash, marketable securities, and receivables—excluding inventory.

Sector Performance

72th percentile

COP

1.09x

Sector Median

0.72x

Sector Avg

2.70x

Prior Period

1.03x(Aug 2026)

↑ Improving

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Deep Analysis

The quick ratio measures a company’s ability to pay short-term debts using its most liquid assets—cash, marketable securities, and receivables—excluding inventory.

At 1.09x, COP holds $1.09 in liquid assets for every $1 of current liabilities, indicating a comfortable short-term liquidity cushion. This exceeds the sector median of 0.72x, placing COP in the 72nd percentile among peers, meaning it has stronger liquidity than roughly three-quarters of comparable firms. While the year-over-year change is N/A, the quarter-over-quarter change is +5.8%, with the ratio improving from 1.03x to 1.09x most recently. Because the trend data is limited to one quarter, the positive QoQ movement suggests recent liquidity strengthening, but no longer-term pattern can be confirmed. The combination of an above-median level and a recent uptick lowers short-term default risk, yet the limited trend history prevents drawing a strong directional conclusion. This supports the overall NEUTRAL verdict: liquidity is solid but not exceptional enough to justify a bullish or bearish tilt.

Frequently Asked Questions

What does the Quick Ratio tell investors about COP?

A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.

How is the Quick Ratio calculated?

Quick Ratio is calculated as: (Cash + Receivables) / Current Liabilities.

Who are COP's closest peers by Quick Ratio?

The closest peers by Quick Ratio include: OMC (0.67x), KO (0.66x), SIEGY (0.64x), TAP (0.60x), LW (0.60x).

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Learn More About Quick Ratio

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Working capital is more than current assets minus liabilities. Learn why working capital matters for liquidity, efficiency, and competitive advantage, with real data from AMZN, COST, HD, and XOM.

The Formula

(Cash + Receivables) / Current Liabilities

Why It Matters

A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.