Exxon Mobil Corp (XOM)

Cash 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
Cash and cash equivalents	US$ in thousands	31,539,000	32,944,000	29,528,000	32,651,000	29,640,000	30,407,000	18,861,000	11,074,000	6,802,000	4,768,000	3,465,000	3,515,000	4,364,000	8,832,000	12,576,000	11,412,000	3,089,000	5,351,000	4,213,000	4,586,000
Short-term investments	US$ in thousands	—	—	—	—	-14,993,000	—	—	—	—	45,641,000	44,774,000	44,181,000	43,515,000	43,609,000	—	—	—	—	—	—
Total current liabilities	US$ in thousands	65,316,000	71,186,000	61,815,000	66,666,000	69,045,000	74,057,000	80,110,000	72,059,000	56,643,000	61,856,000	62,238,000	60,150,000	56,363,000	56,468,000	57,270,000	64,773,000	63,989,000	64,195,000	70,287,000	66,632,000
Cash ratio		0.48	0.46	0.48	0.49	0.21	0.41	0.24	0.15	0.12	0.81	0.78	0.79	0.85	0.93	0.22	0.18	0.05	0.08	0.06	0.07

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($31,539,000K + $—K) ÷ $65,316,000K
= 0.48

The cash ratio of Exxon Mobil Corp. has been relatively stable over the past eight quarters, ranging from 0.18 to 0.52. The ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents.

The company's cash ratio has shown improvement since Q1 2022, increasing from 0.18 to 0.52 by Q1 2023. This indicates that Exxon Mobil has been able to strengthen its liquidity position and better meet its short-term obligations with cash on hand.

Although the ratio slightly fluctuated within the range of 0.44 to 0.52 in the latest four quarters, it generally indicates that Exxon Mobil has a healthy level of cash to cover its short-term liabilities. This suggests that the company has a strong liquidity position and may be able to handle unexpected expenses or financial obligations without relying heavily on external financing.