Chevron Corp (CVX)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 256,938,000 | 261,632,000 | 257,709,000 | 239,535,000 | 239,790,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $256,938,000K
= 0.00
Based on the provided data, Chevron Corp's debt-to-assets ratio has consistently been 0.00 for the years spanning from 2020 to 2024. This indicates that the company has not used debt financing to fund its operations or investments during this period. A debt-to-assets ratio of 0.00 signifies that Chevron Corp's total assets are entirely financed by equity and other non-debt sources. This may suggest a strong financial position with low financial risk and a healthy balance sheet structure. However, it's important to note that while a low or zero debt-to-assets ratio can be positive, it may also indicate missed opportunities to leverage debt for potential growth or tax benefits. Further analysis of the company's capital structure and financial strategy would provide deeper insights into its overall financial health and risk profile.
Peer comparison
Dec 31, 2024