Exxon Mobil Corp (XOM)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $204,802,000K
= 0.00
Exxon Mobil Corp.'s debt-to-equity ratio has been relatively stable over the past eight quarters, ranging from 0.20 to 0.28. The ratio indicates the proportion of the company's assets financed by debt compared to equity.
From Q1 2022 to Q1 2023, the debt-to-equity ratio increased gradually from 0.21 to 0.28, suggesting a higher reliance on debt to finance its operations and investments. This increment may be indicative of the company taking on more debt to fund growth opportunities or capital expenditures.
It is worth noting that despite the slight fluctuations, Exxon Mobil Corp.'s debt-to-equity ratio remains relatively low compared to industry averages, indicating a conservative approach to leverage. Investors and stakeholders should continue to monitor this ratio to assess the company's financial health and risk profile.
Peer comparison
Dec 31, 2023