Exxon Mobil Corp (XOM)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 453,475,000 | 376,317,000 | 369,067,000 | 338,923,000 | 332,750,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $453,475,000K
= 0.00
Based on the data provided, Exxon Mobil Corp has consistently maintained a debt-to-assets ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a source of financing its operations and investments, and its assets are primarily funded through equity. A debt-to-assets ratio of 0.00 signifies a very low risk of financial distress related to debt repayment obligations and suggests a strong financial position with a high level of asset coverage by equity. Investors and creditors may view this as a positive indicator of financial stability and solvency for Exxon Mobil Corp.
Peer comparison
Dec 31, 2024