Chevron Corp (CVX)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($6,781,000K
+ $17,756,000K
+ $—K)
÷ $38,558,000K
= 0.64
Based on the data provided, Chevron Corp's quick ratio has fluctuated over the years. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
The quick ratio for Chevron Corp was relatively low at the end of 2020 and the beginning of 2021, hovering around 0.25 to 0.35, indicating a potential liquidity concern as the company may have had difficulty meeting its short-term obligations with its current liquid assets during that period.
However, there was a notable improvement in the quick ratio in 2022, reaching its peak at 0.69 in March and June, and maintained at a relatively healthy level throughout the year. This significant increase suggests that Chevron Corp strengthened its ability to cover its short-term liabilities with its liquid assets during this period.
In 2023, the quick ratio decreased to 0.18 by the end of September, which may raise concerns about the company's short-term liquidity. However, there was a notable rebound in the quick ratio to 0.64 by the end of December 2024, indicating an improvement in Chevron Corp's ability to meet its short-term obligations with its liquid assets.
Overall, the trend in Chevron Corp's quick ratio shows varying levels of liquidity over the years, with notable improvements in certain periods which suggest the company's efforts to enhance its short-term liquidity position. However, the fluctuations in the quick ratio indicate the importance of closely monitoring the company's liquidity management strategies.
Peer comparison
Dec 31, 2024