Exxon Mobil Corp (XOM)

Cash 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
Cash and cash equivalents	US$ in thousands	23,029,000	26,926,000	26,460,000	33,320,000	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
Short-term investments	US$ in thousands	—	—	-7,157,000	—	—	—	—	—	-14,993,000	—	—	—	—	45,641,000	44,774,000	44,181,000	43,515,000	43,609,000	—	—
Total current liabilities	US$ in thousands	70,307,000	69,993,000	70,763,000	71,921,000	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
Cash ratio		0.33	0.38	0.27	0.46	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

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($23,029,000K + $—K) ÷ $70,307,000K
= 0.33

The cash ratio of Exxon Mobil Corp has varied over the analyzed period, starting at 0.18 on March 31, 2020, and reaching a peak of 0.93 on September 30, 2020. Subsequently, the ratio decreased to 0.12 on December 31, 2021 but gradually improved, reaching 0.48 on March 31, 2023. It then fluctuated between 0.27 and 0.49 until the end of 2024, indicating some variability in the company's ability to cover its current liabilities with its cash and cash equivalents. It is important to note that a higher cash ratio generally signifies a stronger liquidity position, while a lower ratio may indicate potential liquidity challenges.