Exxon Mobil Corp (XOM)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 3,089,000 | 5,351,000 | 4,213,000 | 4,586,000 |
| Short-term investments | US$ in thousands | — | — | — | — | -14,993,000 | — | — | — | — | 45,641,000 | 44,774,000 | 44,181,000 | 43,515,000 | 43,609,000 | — | — | — | — | — | — |
| Receivables | US$ in thousands | 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 | 26,966,000 | 25,308,000 | 27,132,000 | 27,105,000 |
| 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 |
| Quick ratio | 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 | 0.47 | 0.48 | 0.45 | 0.48 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($31,539,000K
+ $—K
+ $38,015,000K)
÷ $65,316,000K
= 1.06
The quick ratio, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets. The quick ratio is calculated by dividing quick assets (current assets excluding inventory) by current liabilities.
Exxon Mobil Corp.'s quick ratio has shown consistency in the recent quarters, ranging between 1.06 and 1.10. A quick ratio above 1 indicates that the company has enough quick assets to cover its current liabilities, suggesting a strong liquidity position.
In Q4 2023, Exxon Mobil Corp. reported a quick ratio of 1.09, which is slightly above the industry average. This indicates that the company has $1.09 in quick assets for every $1 of current liabilities, reflecting a healthy liquidity position.
Overall, Exxon Mobil Corp.'s consistent quick ratio around or above 1 over the quarters indicates its strong ability to meet its short-term financial obligations using highly liquid assets. Investors and creditors generally view a quick ratio above 1 as a positive sign of financial health and liquidity.
Peer comparison
Dec 31, 2023