Exxon Mobil Corp (XOM)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 23,029,000 | 26,926,000 | 26,460,000 | 33,320,000 | 31,539,000 | 32,944,000 | 29,528,000 | 32,651,000 | 29,640,000 | 30,407,000 | 18,861,000 | 11,074,000 | 6,802,000 | 4,768,000 | 3,465,000 | 3,515,000 | 4,364,000 | 8,832,000 | 12,576,000 | 11,412,000 |
| Short-term investments | US$ in thousands | — | — | -7,157,000 | — | — | — | — | — | -14,993,000 | — | — | — | — | 45,641,000 | 44,774,000 | 44,181,000 | 43,515,000 | 43,609,000 | — | — |
| Receivables | US$ in thousands | 43,681,000 | 41,505,000 | 43,071,000 | 40,366,000 | 38,015,000 | 41,814,000 | 35,915,000 | 38,808,000 | 41,749,000 | 42,411,000 | 48,063,000 | 42,142,000 | 32,383,000 | 29,516,000 | 28,540,000 | 24,755,000 | 20,581,000 | 19,974,000 | 19,036,000 | 20,871,000 |
| 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 |
| Quick ratio | 0.95 | 0.98 | 0.88 | 1.02 | 1.06 | 1.05 | 1.06 | 1.07 | 0.82 | 0.98 | 0.84 | 0.74 | 0.69 | 1.29 | 1.23 | 1.20 | 1.21 | 1.28 | 0.55 | 0.50 |
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 is a liquidity ratio that provides insight into a company's ability to meet its short-term financial obligations using its most liquid assets.
In the case of Exxon Mobil Corp, we observe fluctuations in the quick ratio over the periods presented. As of December 31, 2024, the quick ratio stood at 0.95, indicating that for every $1 of current liabilities, the company had $0.95 of liquid assets that could be easily converted into cash to cover those liabilities. This suggests that Exxon Mobil Corp may face some challenges in meeting its short-term obligations with its current liquidity position.
It is worth noting that the quick ratio improved in the first two quarters of 2024, reaching a peak of 1.06 on June 30, 2024. This improvement indicates that the company had enhanced its liquidity position by either increasing its cash reserves or reducing its current liabilities during this period.
Overall, while the quick ratio of Exxon Mobil Corp fluctuated over the periods examined, it is essential for investors and stakeholders to monitor these trends to assess the company's ability to manage its short-term obligations effectively.
Peer comparison
Dec 31, 2024