Chevron Corp (CVX)

Current 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
Total current assets	US$ in thousands	40,911,000	38,187,000	39,369,000	40,508,000	41,128,000	14,621,000	9,610,000	7,408,000	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
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
Current ratio		1.06	1.07	1.16	1.23	1.27	0.44	0.32	0.22	1.47	1.40	1.31	1.43	1.26	1.28	1.17	1.11	1.18	1.26	1.14	1.01

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $40,911,000K ÷ $38,558,000K
= 1.06

Chevron Corp's current ratio has exhibited some fluctuations over the past years, ranging from a low of 0.22 to a high of 1.47. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities, while a ratio above 1 signifies a strong ability to cover its short-term debts.

From the data provided, Chevron's current ratio has generally been above 1, indicating a strong ability to cover its short-term obligations with its current assets. There have been periods where the ratio dipped below 1, which may raise concerns about the company's liquidity and ability to meet its short-term obligations. However, it is important to note that a single ratio may not provide a complete picture of the company's financial health, and further analysis of other financial metrics is recommended for a comprehensive assessment.