Chevron Corp (CVX)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 41,128,000 | 41,732,000 | 42,790,000 | 48,351,000 | 50,343,000 | 51,503,000 | 51,188,000 | 44,709,000 | 33,738,000 | 32,137,000 | 32,973,000 | 30,433,000 | 26,078,000 | 24,803,000 | 23,732,000 | 28,562,000 | 28,329,000 | 33,988,000 | 33,087,000 | 33,671,000 |
| Total current liabilities | US$ in thousands | 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 | 26,530,000 | 30,233,000 | 28,829,000 | 29,951,000 |
| Current ratio | 1.27 | 1.25 | 1.43 | 1.43 | 1.47 | 1.40 | 1.31 | 1.43 | 1.26 | 1.28 | 1.17 | 1.11 | 1.18 | 1.26 | 1.14 | 1.01 | 1.07 | 1.12 | 1.15 | 1.12 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $41,128,000K ÷ $32,258,000K
= 1.27
The current ratio of Chevron Corp. has exhibited some fluctuation over the past eight quarters, ranging from 1.25 to 1.47. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio indicates a stronger ability to cover short-term liabilities.
In the most recent quarter, Q4 2023, Chevron's current ratio decreased slightly to 1.27 from 1.25 in Q3 2023. This may suggest a slight weakening in the company's short-term liquidity position. However, the current ratio remains above 1, indicating that Chevron still has more current assets than current liabilities to cover its obligations.
Looking back over the quarters, Chevron experienced a peak in its current ratio in Q4 2022 at 1.47. The subsequent decrease to 1.27 in Q4 2023 indicates some variability in the company's liquidity position. It would be important to further investigate the reasons behind these fluctuations to assess any potential risks or operational challenges impacting Chevron's ability to meet its short-term obligations.
Peer comparison
Dec 31, 2023