Exxon Mobil Corp (XOM)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 23,029,000 | 31,539,000 | 29,640,000 | 6,802,000 | 4,364,000 |
| Short-term investments | US$ in thousands | — | -29,000 | -14,993,000 | — | 43,515,000 |
| Receivables | US$ in thousands | 43,681,000 | 38,015,000 | 41,749,000 | 32,383,000 | 20,581,000 |
| Total current liabilities | US$ in thousands | 70,307,000 | 65,316,000 | 69,045,000 | 56,643,000 | 56,363,000 |
| Quick ratio | 0.95 | 1.06 | 0.82 | 0.69 | 1.21 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($23,029,000K
+ $—K
+ $43,681,000K)
÷ $70,307,000K
= 0.95
The quick ratio of Exxon Mobil Corp has shown fluctuations over the past five years. As of December 31, 2020, the quick ratio stood at a healthy 1.21, indicating that the company had more than enough liquid assets to cover its current liabilities. However, by the end of 2021, the quick ratio decreased significantly to 0.69, suggesting a potential liquidity strain.
Over the following years, Exxon Mobil Corp was able to improve its liquidity position, with the quick ratio increasing to 0.82 by December 31, 2022, 1.06 by December 31, 2023, and then decreasing slightly to 0.95 by the end of 2024. Although the quick ratio fluctuated, the general trend indicates a recovery in liquidity levels after the dip in 2021.
Overall, Exxon Mobil Corp has demonstrated efforts to manage its short-term liquidity position, but investors and stakeholders should continue to monitor the company's ability to meet its immediate obligations efficiently.
Peer comparison
Dec 31, 2024