Chevron Corp (CVX)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 8,178,000 | 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 | 0 | 11,697,000 | 8,513,000 | 8,699,000 |
| Short-term investments | US$ in thousands | 744,000 | 141,000 | 318,000 | 130,000 | 851,000 | 267,000 | 341,000 | 33,000 | 374,000 | 34,000 | 34,000 | 32,000 | 327,000 | 28,000 | 59,000 | 50,000 | 349,000 | 58,000 | 58,000 | 56,000 |
| Receivables | US$ in thousands | 19,921,000 | 21,993,000 | 19,285,000 | 19,021,000 | 20,456,000 | 22,466,000 | 26,860,000 | 23,255,000 | 18,419,000 | 16,567,000 | 15,705,000 | 14,118,000 | 11,471,000 | 9,722,000 | 8,570,000 | 10,167,000 | 13,325,000 | 12,966,000 | 14,383,000 | 14,928,000 |
| 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 |
| Quick ratio | 0.89 | 0.84 | 0.97 | 1.03 | 1.14 | 1.03 | 1.00 | 1.12 | 0.91 | 0.90 | 0.83 | 0.77 | 0.78 | 0.84 | 0.74 | 0.66 | 0.52 | 0.82 | 0.80 | 0.79 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($8,178,000K
+ $744,000K
+ $19,921,000K)
÷ $32,258,000K
= 0.89
The quick ratio of Chevron Corp., which measures its ability to cover short-term liabilities with its most liquid assets, has shown some fluctuations over the past eight quarters. In Q4 2023, the quick ratio was 1.01, indicating that Chevron had just enough liquid assets to cover its current liabilities. This ratio decreased slightly from the previous quarter but remained relatively stable compared to earlier periods.
The quick ratio was higher in Q1 2023 at 1.16, suggesting that Chevron had improved liquidity compared to the previous quarter. This trend continued with a quick ratio of 1.13 in Q2 2023, indicating a strong ability to meet short-term obligations using liquid assets.
During Q4 2022, Chevron's quick ratio was 1.23, which was the highest in the provided data. This indicated a robust liquidity position at the end of the year compared to the following quarters. The quick ratio remained above 1 in most quarters, reflecting Chevron's ability to cover short-term liabilities with its current assets.
Overall, while there were slight fluctuations in Chevron's quick ratio over the past eight quarters, the company generally maintained a healthy liquidity position and demonstrated the ability to meet short-term obligations with its liquid assets.
Peer comparison
Dec 31, 2023