Exxon Mobil Corp (XOM)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 91,990,000 | 94,349,000 | 96,238,000 | 99,377,000 | 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 |
| 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 |
| Current ratio | 1.31 | 1.35 | 1.36 | 1.38 | 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 |
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 a fluctuating trend over the past few years. The current ratio measures a company's ability to cover its short-term liabilities with its current assets. From March 31, 2020, to December 31, 2022, the current ratio improved steadily from 0.78 to 1.41, indicating a strengthening liquidity position. This trend suggests that Exxon Mobil was better able to meet its short-term obligations during this period.
However, starting from March 31, 2023, the current ratio began to decline slightly, reaching 1.31 by December 31, 2024. While the current ratio is still above 1, which generally indicates that the company can cover its short-term liabilities, the decreasing trend could imply potential challenges in managing its liquidity effectively.
Overall, Exxon Mobil's current ratio performance reflects both improvements and slight declines in its liquidity position over the analyzed period. Further monitoring and analysis of the company's financial health and management of current assets and liabilities would be advisable to assess its ability to meet short-term obligations effectively.
Peer comparison
Dec 31, 2024