Chevron Corp (CVX)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Debt-to-capital 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 |
| 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 |
| Financial leverage ratio | 1.69 | 1.66 | 1.64 | 1.63 | 1.63 | 1.60 | 1.59 | 1.60 | 1.34 | 1.38 | 1.68 | 1.46 | 1.43 | 1.46 | 1.50 | 1.50 | 1.48 | 1.35 | 1.33 | 1.33 |
Chevron Corp's solvency ratios indicate a strong financial position in terms of its ability to meet its long-term obligations. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have consistently remained at 0.00 over the reported periods, highlighting that the company has minimal debt in relation to its assets and capital structure.
However, it is notable that the financial leverage ratio has shown some fluctuations over time, with a peak of 1.69 as of December 31, 2024. This suggests that while Chevron maintains a relatively low level of debt, there has been some variability in the company's leverage position. Overall, the solvency ratios reflect that Chevron Corp has a conservative approach to managing its debt levels, which contributes to its overall financial stability and ability to weather economic uncertainties.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 47.31 | 54.81 | 65.43 | 66.17 | 69.99 | 77.06 | 87.36 | 102.29 | 97.27 | 88.26 | 70.13 | 46.36 | 32.75 | 22.73 | 12.17 | -9.21 | -6.91 | -22.22 | -15.37 | 8.79 |
The interest coverage ratio for Chevron Corp has shown significant fluctuations over the periods analyzed. As of March 31, 2020, the interest coverage was 8.79, indicating the company's ability to meet its interest obligations comfortably. However, this ratio turned negative in the following quarters, reaching its lowest point at -22.22 on September 30, 2020, suggesting financial strain and a potential inability to cover interest expenses with operating income.
Subsequently, there was a gradual recovery in the interest coverage ratio, with values turning positive again by June 30, 2021. The ratio improved steadily over the following quarters, reaching its peak of 102.29 on March 31, 2023. This significant increase indicates a strong financial position and the company's improved capacity to service its debt.
However, the interest coverage ratio started to decline after reaching its peak, dropping to 47.31 on December 31, 2024. Although this ratio is still positive, the downward trend suggests that Chevron Corp may need to monitor its interest obligations closely to ensure continued financial stability and debt servicing capability.