Abstract: This invention uses a single eddy current coil to measure multiple parameters of conductive target simultaneously using a single fixed frequency. For example, the system consisting of the sensor coil, connecting cable, and signal conditioning electronics, can measure the thickness of a target and the distance of the target from the coil. Alternatively, it could simultaneously measure the distance of the target to the coil, i.e. lift-off, and one of the electrical properties of the target, such as the resistivity. The present system is useful in material characterization of targets where the lift-off information can be used to correct for any lift-off induced error in the apparent resistivity. In general, it can determine any pair of two characteristics of the target/sensor relationship simultaneously.