Exxon Mobil Corp (XOM)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 453,475,000 | 376,317,000 | 369,067,000 | 338,923,000 | 332,750,000 |
| Total stockholders’ equity | US$ in thousands | 263,705,000 | 204,802,000 | 195,049,000 | 168,577,000 | 157,150,000 |
| Financial leverage ratio | 1.72 | 1.84 | 1.89 | 2.01 | 2.12 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $453,475,000K ÷ $263,705,000K
= 1.72
Based on the financial data provided for Exxon Mobil Corp, the financial leverage ratio has exhibited a declining trend over the past five years. The ratio decreased from 2.12 in December 2020 to 1.72 in December 2024, indicating a reduction in the company's reliance on debt financing in relation to its equity. This downward trend suggests that Exxon Mobil Corp may be effectively managing its debt levels and improving its financial stability by decreasing its leverage ratio over time. A decreasing financial leverage ratio generally indicates a lower level of financial risk for the company and may signal improved financial health and efficiency in its capital structure.
Peer comparison
Dec 31, 2024