Exxon Mobil Corp (XOM)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 263,705,000 | 204,802,000 | 195,049,000 | 168,577,000 | 157,150,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $263,705,000K)
= 0.00
Based on the provided data, Exxon Mobil Corp's debt-to-capital ratio has been consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has been using primarily equity financing to fund its operations and investments, rather than relying on debt. A debt-to-capital ratio of 0.00 suggests a conservative financial structure with minimal financial risk related to debt obligations. Exxon Mobil Corp's low debt-to-capital ratio signifies a strong financial position and a healthy balance sheet, as the company is not heavily leveraged.
Peer comparison
Dec 31, 2024