Exxon Mobil Corp (XOM)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 91,990,000 | 96,609,000 | 97,631,000 | 59,154,000 | 44,893,000 |
| Total current liabilities | US$ in thousands | 70,307,000 | 65,316,000 | 69,045,000 | 56,643,000 | 56,363,000 |
| Current ratio | 1.31 | 1.48 | 1.41 | 1.04 | 0.80 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $91,990,000K ÷ $70,307,000K
= 1.31
Exxon Mobil Corp's current ratio has shown an improving trend over the past five years. The ratio was 0.80 as of December 31, 2020, indicating that the company's current assets were not sufficient to cover its current liabilities. However, by December 31, 2024, the current ratio had increased to 1.31, suggesting that Exxon Mobil Corp's short-term liquidity position had significantly strengthened.
The current ratio of 1.31 as of December 31, 2024, means that the company had $1.31 in current assets available for every $1 in current liabilities, signaling a more favorable position to meet its short-term obligations. Overall, the upward trend in the current ratio reflects an improvement in the company's liquidity and its ability to cover its short-term financial commitments.
Peer comparison
Dec 31, 2024