Chevron Corp (CVX)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 6,781,000 | 8,178,000 | 17,678,000 | 5,640,000 | 5,596,000 |
| Short-term investments | US$ in thousands | 4,000 | 45,000 | 223,000 | 35,000 | 31,000 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 38,558,000 | 32,258,000 | 34,208,000 | 26,791,000 | 22,183,000 |
| Quick ratio | 0.18 | 0.25 | 0.52 | 0.21 | 0.25 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($6,781,000K
+ $4,000K
+ $—K)
÷ $38,558,000K
= 0.18
The quick ratio of Chevron Corp has shown some fluctuations over the past five years. The ratio was at its lowest in December 31, 2024, at 0.18, indicating a decline in the company's short-term liquidity position. However, in December 31, 2022, the quick ratio improved to 0.52, reflecting a stronger ability to cover its short-term obligations with its most liquid assets.
Overall, the quick ratio of Chevron Corp has varied between 0.18 and 0.52 during the period under review. It is essential for the company to closely monitor this ratio to ensure it has sufficient liquid assets to meet its short-term liabilities in a timely manner.
Peer comparison
Dec 31, 2024