Chevron Corp (CVX)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 152,318,000 | 156,202,000 | 159,233,000 | 160,625,000 | 160,957,000 | 165,265,000 | 158,325,000 | 159,449,000 | 191,856,000 | 188,226,000 | 153,554,000 | 170,891,000 | 167,378,000 | 164,876,000 | 161,472,000 | 161,117,000 | 162,209,000 | 165,341,000 | 167,954,000 | 177,945,000 |
| Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $152,318,000K
= 0.00
The debt-to-equity ratio for Chevron Corp has consistently remained at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not carried any debt relative to its equity during this period. A debt-to-equity ratio of 0.00 suggests that Chevron has been financing its operations primarily through equity, without relying on borrowed funds. This can signify financial stability and lower financial risk for the company, as it is not highly leveraged. However, it's important to note that a very low debt-to-equity ratio may also imply missed opportunities for potential growth or tax advantages that come with debt financing.
Peer comparison
Dec 31, 2024