Exxon Mobil Corp (XOM)
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 | 96,609,000 | 101,142,000 | 91,760,000 | 97,224,000 | 97,631,000 | 99,289,000 | 93,163,000 | 77,255,000 | 59,154,000 | 55,555,000 | 52,842,000 | 48,195,000 | 44,893,000 | 48,693,000 | 53,016,000 | 50,249,000 | 50,052,000 | 50,008,000 | 51,743,000 | 51,576,000 |
| 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 |
| Current ratio | 1.48 | 1.42 | 1.48 | 1.46 | 1.41 | 1.34 | 1.16 | 1.07 | 1.04 | 0.90 | 0.85 | 0.80 | 0.80 | 0.86 | 0.93 | 0.78 | 0.78 | 0.78 | 0.74 | 0.77 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $96,609,000K ÷ $65,316,000K
= 1.48
Exxon Mobil Corp.'s current ratio has shown a generally upward trend over the past several quarters, ranging from 1.07 in Q1 2022 to 1.48 in Q4 2023. This indicates that the company has consistently maintained healthy liquidity levels, with its current assets being sufficient to cover its current liabilities. The current ratio peaked at 1.48 in Q4 2023, reflecting improved short-term financial health compared to the previous quarters.
It is also noteworthy that the current ratio has consistently been above 1, demonstrating that Exxon Mobil Corp. has ample current assets to fulfill its short-term obligations. The company's ability to meet its immediate financial obligations is further supported by the increasing trend in the current ratio over the observed period.
Overall, the trend in Exxon Mobil Corp.'s current ratio suggests a solid liquidity position, with the company effectively managing its short-term financial obligations. However, further analysis and consideration of other financial metrics are recommended to gain a comprehensive understanding of the company's overall financial health.
Peer comparison
Dec 31, 2023