Exxon Mobil Corp (XOM)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 204,802,000 | 199,703,000 | 199,046,000 | 198,685,000 | 195,049,000 | 186,100,000 | 177,316,000 | 169,215,000 | 168,577,000 | 160,589,000 | 158,571,000 | 156,974,000 | 157,150,000 | 177,400,000 | 180,183,000 | 182,079,000 | 191,650,000 | 189,915,000 | 191,377,000 | 191,222,000 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $204,802,000K)
= 0.00
Exxon Mobil Corp.'s debt-to-capital ratio has been relatively consistent at around 0.17 for the past four quarters in 2023. This indicates that the company's level of debt in relation to its total capital has remained stable. Comparing to the previous year, the ratio has decreased from 0.20 in Q3 2022 to 0.17 in Q4 2022 and has continued to decline throughout 2023. A decreasing trend in the debt-to-capital ratio suggests that the company is reducing its reliance on debt to finance its operations and investments, which could indicate a strengthening financial position and lower financial risk. However, it's important to monitor this ratio over time to assess the company's ongoing financial health and capital structure management.
Peer comparison
Dec 31, 2023