Exxon Mobil Corp (XOM)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 376,317,000 | 372,259,000 | 363,248,000 | 369,371,000 | 369,067,000 | 370,152,000 | 367,774,000 | 354,771,000 | 338,923,000 | 336,688,000 | 337,289,000 | 333,770,000 | 332,750,000 | 358,043,000 | 361,495,000 | 355,804,000 | 362,597,000 | 359,361,000 | 360,729,000 | 356,189,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $376,317,000K
= 0.00
The debt-to-assets ratio of Exxon Mobil Corp. has remained relatively stable over the past several quarters, hovering around 0.11 to 0.13. This indicates that Exxon Mobil Corp. finances a relatively small portion of its assets through debt, with the majority of its assets being funded through equity. A lower debt-to-assets ratio is generally considered favorable as it suggests lower financial risk and greater financial stability. The consistency in the ratio over the quarters could signify that Exxon Mobil Corp. has a conservative approach to managing its capital structure and is effectively balancing debt and equity to support its operations and growth.
Peer comparison
Dec 31, 2023