Marathon Petroleum Corp (MPC)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	32,131,000	36,275,000	32,213,000	32,486,000	35,242,000	35,285,000	42,413,000	36,388,000	30,496,000	34,143,000	38,592,000	30,361,000	28,287,000	26,200,000	14,643,000	15,693,000	30,458,000	19,139,000	18,396,000	18,151,000
Total current liabilities	US$ in thousands	20,150,000	21,735,000	17,466,000	17,057,000	20,020,000	21,314,000	28,437,000	25,120,000	17,898,000	16,898,000	19,512,000	16,085,000	15,663,000	14,246,000	11,504,000	13,569,000	16,948,000	15,339,000	14,890,000	15,147,000
Current ratio		1.59	1.67	1.84	1.90	1.76	1.66	1.49	1.45	1.70	2.02	1.98	1.89	1.81	1.84	1.27	1.16	1.80	1.25	1.24	1.20

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $32,131,000K ÷ $20,150,000K
= 1.59

The current ratio of Marathon Petroleum Corp has shown fluctuations in recent quarters, ranging from 1.45 to 1.90. The ratio indicates the company's ability to cover its short-term obligations with its current assets. A higher current ratio suggests a stronger ability to meet short-term liabilities.

In the latest quarter (Q4 2023), the current ratio stands at 1.59, which is lower than the previous quarter but still above 1.5, indicating that the company has sufficient current assets to cover its current liabilities.

Overall, the current ratio of Marathon Petroleum Corp has been relatively stable over the past year, with occasional fluctuations. Further analysis and comparison with industry peers may provide a more comprehensive understanding of the company's liquidity position.