Marathon Petroleum Corp (MPC)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 24,447,000 | 32,131,000 | 35,242,000 | 30,496,000 | 28,287,000 |
| Total current liabilities | US$ in thousands | 20,827,000 | 20,150,000 | 20,020,000 | 17,898,000 | 15,663,000 |
| Current ratio | 1.17 | 1.59 | 1.76 | 1.70 | 1.81 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $24,447,000K ÷ $20,827,000K
= 1.17
The current ratio of Marathon Petroleum Corp has fluctuated over the past five years. It stood at 1.81 as of December 31, 2020, indicating that the company had $1.81 in current assets for every $1 in current liabilities. However, the ratio decreased to 1.70 by December 31, 2021, showing a potential decrease in liquidity.
By December 31, 2022, the current ratio improved slightly to 1.76, suggesting better short-term financial stability. Subsequently, by December 31, 2023, the current ratio dropped to 1.59, signaling a potential strain on the company's ability to meet its short-term obligations.
The most significant decline in the current ratio was observed by December 31, 2024, where it plummeted to 1.17. This substantial decrease may raise concerns about the company's liquidity position and its ability to cover immediate liabilities with its current assets.
Overall, the trend in Marathon Petroleum Corp's current ratio indicates some fluctuations in liquidity over the past five years, with a general downward trajectory, raising potential concerns for its short-term financial health and ability to meet immediate obligations.
Peer comparison
Dec 31, 2024