Exxon Mobil Corp (XOM)

Financial leverage ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total assets	US$ in thousands	453,475,000	461,916,000	460,707,000	377,918,000	376,317,000	372,259,000	363,248,000	369,371,000	369,067,000	370,152,000	367,774,000	354,771,000	338,923,000	336,688,000	337,289,000	333,770,000	332,750,000	358,043,000	361,495,000	355,804,000
Total stockholders’ equity	US$ in thousands	263,705,000	268,592,000	268,405,000	205,250,000	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
Financial leverage ratio		1.72	1.72	1.72	1.84	1.84	1.86	1.82	1.86	1.89	1.99	2.07	2.10	2.01	2.10	2.13	2.13	2.12	2.02	2.01	1.95

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $453,475,000K ÷ $263,705,000K
= 1.72

Exxon Mobil Corp's financial leverage ratio has shown fluctuations over the analyzed periods. The ratio started at 1.95 in March 2020, indicating that the company had $1.95 in debt for every $1 of equity. It gradually increased to reach its peak of 2.13 in March 2021 and remained relatively stable until June 2022.

From June 2022 to December 2024, the financial leverage ratio started to decline from 2.07 to 1.72, indicating a decrease in debt relative to equity. This reduction in financial leverage suggests that Exxon Mobil Corp may be paying off debt or increasing equity levels during this period.

Overall, monitoring the financial leverage ratio is important for understanding the company's capital structure and risk profile. A high ratio may indicate higher financial risk due to increased reliance on debt, while a declining ratio may suggest a strengthening financial position.