Chevron Corp (CVX)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 256,938,000 | 259,232,000 | 260,644,000 | 261,651,000 | 261,632,000 | 263,927,000 | 251,779,000 | 255,886,000 | 257,709,000 | 259,735,000 | 257,936,000 | 249,048,000 | 239,535,000 | 239,948,000 | 242,806,000 | 241,645,000 | 239,790,000 | 223,063,000 | 223,403,000 | 236,677,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
Chevron Corp's debt-to-assets ratio has remained consistently at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not relied heavily on debt to finance its operations and investments, as its total debt is effectively zero in relation to its total assets. A low debt-to-assets ratio suggests a lower level of financial risk and a stronger financial position for the company. It also indicates that Chevron Corp has a higher proportion of assets funded by equity rather than debt, which can be seen as a positive sign of stability and financial health. Further analysis of other financial ratios and factors may provide more insights into the company's overall financial performance and risk profile.
Peer comparison
Dec 31, 2024