Exxon Mobil Corp (XOM)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| 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 |
| Financial leverage ratio | 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 | 1.89 | 1.89 | 1.88 | 1.86 |
Exxon Mobil Corp.'s solvency ratios indicate its ability to meet its long-term financial obligations and manage debt levels effectively. The Debt-to-assets ratio has remained relatively stable around 0.11, indicating that only a small portion of the company's assets are financed by debt.
The Debt-to-capital ratio and Debt-to-equity ratio have also remained consistently low, with values hovering at 0.17 and 0.20 respectively in the latest quarter. This suggests that Exxon Mobil relies more on equity financing than debt financing, reducing the financial risk associated with high debt levels.
The Financial leverage ratio, which measures the company's use of debt to finance its operations, has shown a slight decline over the quarters but remains relatively healthy at around 1.86. This indicates that Exxon Mobil has a moderate level of financial leverage and is not overly reliant on debt to fund its activities.
Overall, Exxon Mobil Corp. demonstrates strong solvency and financial stability based on these solvency ratios. The company's low debt levels and conservative approach to capital structure contribute to its ability to weather economic uncertainties and maintain a solid financial position.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 61.59 | 77.19 | 87.40 | 110.26 | 96.13 | 85.85 | 66.40 | 41.41 | 33.39 | -5.66 | -14.11 | -19.95 | -23.24 | 5.19 | 10.38 | 18.03 | 24.64 | 26.07 | 32.27 | 38.01 |
Exxon Mobil Corp.'s interest coverage ratio has displayed a consistent upward trend over the past eight quarters. The ratio has increased from 42.86 in Q1 2022 to 113.54 in Q1 2023, indicating the company's strong ability to cover its interest expenses with its operating income. The interest coverage ratio exceeding 1 suggests the company is generating sufficient earnings to easily meet its interest obligations.
The recent peak interest coverage ratio of 113.54 in Q1 2023 reflects a favorable financial position for Exxon Mobil, indicating a strong ability to service its debt. This improvement in interest coverage signifies the company's increasing profitability and efficiency in managing its interest expenses. Overall, the consistently high interest coverage ratios demonstrate Exxon Mobil's financial stability and ability to meet its debt commitments comfortably.