Chevron Corp (CVX)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 157,030,000 | 160,957,000 | 191,856,000 | 167,378,000 | 162,209,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $157,030,000K
= 0.00
Chevron Corp has consistently maintained a debt-to-equity ratio of 0.00 over the past five years, indicating that the company has been primarily relying on equity financing rather than debt to fund its operations and investments. This low ratio suggests a conservative capital structure and a lower financial risk as the company has minimal debt relative to its equity. It also implies that Chevron Corp may have strong cash flows and access to sufficient capital resources to support its growth and business activities without heavily leveraging its balance sheet. However, it is essential to consider other financial metrics and industry benchmarks to get a holistic view of the company's financial health and performance.
Peer comparison
Dec 31, 2024