Exxon Mobil Corp (XOM)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 453,475,000 | 461,916,000 | 460,707,000 | 377,918,000 | 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 |
| 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, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $453,475,000K
= 0.00
Exxon Mobil Corp has consistently maintained a debt-to-assets ratio of 0.00 from March 2020 to December 2024. This indicates that the company has not used debt to finance its operations throughout this period and has primarily relied on equity to fund its assets. A debt-to-assets ratio of 0.00 signifies that the company's total assets are fully funded by equity, which may suggest a conservative financial strategy focused on minimizing leverage and potential financial risks. It is important to note that while a low debt-to-assets ratio can signal financial stability, it may also imply missed opportunities for growth or inefficient capital structure management. Overall, Exxon Mobil Corp's consistent 0.00 debt-to-assets ratio reflects a cautious approach towards leveraging that prioritizes financial security and stability.
Peer comparison
Dec 31, 2024