Chevron Corp (CVX)

Cash ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	US$ in thousands	6,781,000	4,699,000	4,153,000	6,405,000	8,453,000	5,797,000	9,292,000	15,668,000	17,678,000	15,164,000	12,029,000	11,671,000	5,640,000	5,998,000	7,527,000	7,076,000	5,596,000	6,866,000	6,855,000	8,492,000
Short-term investments	US$ in thousands	17,756,000	4,000	19,176,000	16,446,000	45,000	141,000	318,000	130,000	223,000	267,000	341,000	33,000	35,000	34,000	34,000	32,000	31,000	28,000	59,000	50,000
Total current liabilities	US$ in thousands	38,558,000	35,718,000	34,027,000	32,940,000	32,258,000	33,263,000	29,847,000	33,735,000	34,208,000	36,883,000	39,121,000	31,203,000	26,791,000	25,188,000	28,147,000	27,480,000	22,183,000	19,664,000	20,825,000	28,235,000
Cash ratio		0.64	0.13	0.69	0.69	0.26	0.18	0.32	0.47	0.52	0.42	0.32	0.38	0.21	0.24	0.27	0.26	0.25	0.35	0.33	0.30

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($6,781,000K + $17,756,000K) ÷ $38,558,000K
= 0.64

The cash ratio of Chevron Corp has experienced fluctuations over the years, ranging from 0.13 to 0.69. A higher cash ratio indicates a company's ability to cover its short-term liabilities with its cash and cash equivalents. The company's cash ratio improved significantly from December 31, 2023, to March 31, 2024, reaching its peak at 0.69. This suggests that Chevron's liquidity position strengthened during this period, reflecting a healthier financial position. However, there was a notable decline in the cash ratio in the following quarters. It is important for investors and stakeholders to monitor Chevron's cash ratio to assess the company's liquidity and ability to meet its short-term obligations.