Exxon Mobil Corp (XOM)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $263,705,000K
= 0.00
The debt-to-equity ratio of Exxon Mobil Corp has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has effectively utilized its equity to finance its operations and expansion without relying on significant amounts of debt. A consistently low debt-to-equity ratio suggests that the company has a strong financial position with lower financial risk and greater ability to withstand economic downturns. Exxon Mobil Corp's stable debt-to-equity ratio reflects a conservative financial strategy and a healthy balance between debt and equity in its capital structure.
Peer comparison
Dec 31, 2024