Exxon Mobil Corp (XOM)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 96,609,000 | 97,631,000 | 59,154,000 | 44,893,000 | 50,052,000 |
| Total current liabilities | US$ in thousands | 65,316,000 | 69,045,000 | 56,643,000 | 56,363,000 | 63,989,000 |
| Current ratio | 1.48 | 1.41 | 1.04 | 0.80 | 0.78 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $96,609,000K ÷ $65,316,000K
= 1.48
The current ratio of Exxon Mobil Corp. has shown a general uptrend over the past five years. The ratio improved from 0.78 in 2019 to 1.48 in 2023, indicating the company's ability to meet its short-term obligations has strengthened significantly. The ratio surpassed 1 in 2021, suggesting that the company's current assets were sufficient to cover its current liabilities, and this trend continued in subsequent years. This increase in the current ratio reflects a positive liquidity position for Exxon Mobil Corp., demonstrating improved financial health and a potentially reduced risk of financial distress in the short term.
Peer comparison
Dec 31, 2023