Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
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- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Geographic Areas
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Current Ratio since 2005
- Analysis of Revenues
- Aggregate Accruals
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Chevron Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
- Short-term debt
- The proportion of short-term debt relative to total liabilities and equity shows variability over the period. It decreased sharply from 0.65% in 2020 to 0.11% in 2021, increased to 0.76% in 2022, dropped again in 2023 to 0.2%, and then rose significantly to 1.71% in 2024, indicating fluctuating reliance on short-term borrowing.
- Accounts payable
- Accounts payable as a percentage of total liabilities and equity exhibited a steady upward trend, rising from 4.57% in 2020 to 8.59% in 2024. This continuous increase suggests growing obligations to suppliers or service providers over time.
- Accrued liabilities
- Accrued liabilities remained relatively stable throughout the timeframe, fluctuating narrowly between 2.9% and 3.3%. This stability indicates consistent accrued expenses within the company’s current liabilities.
- Federal and other taxes on income
- The share of federal and other taxes on income increased notably from 0.38% in 2020 to a peak of 1.7% in 2022, followed by a decrease to around 0.7% in subsequent years, reflecting changes in tax obligations or profitability.
- Other taxes payable
- Other taxes payable showed minor variations, rising gradually from 0.4% in 2020 to a peak of 0.68% in 2023, with a slight decline to 0.67% in 2024, indicating relatively stable taxation levels outside income taxes.
- Current liabilities
- Current liabilities as a whole increased from 9.25% in 2020 to 15.01% in 2024, with the majority of this rise driven by higher accounts payable. This growth suggests an increasing need for short-term financing or operational obligations.
- Long-term debt, excluding debt due within one year
- Long-term debt steadily decreased from 17.84% in 2020 to 7.84% in 2024, reflecting a significant reduction in long-term borrowing or debt repayment strategies over the period.
- Deferred credits and other noncurrent obligations
- These obligations fluctuated slightly, starting at 8.48% in 2020, increasing to 9.26% in 2023, then declining to 8.6% in 2024, indicating relative stability with some variations in noncurrent financial obligations.
- Noncurrent deferred income taxes
- Noncurrent deferred income taxes showed a gradual increase from 5.24% in 2020 to 7.45% in 2024, suggesting a growing deferred tax liability over time.
- Noncurrent employee benefit plans
- The percentage allocated to noncurrent employee benefit plans decreased consistently from 3.84% in 2020 to 1.5% in 2024, indicating a reduction in long-term employee benefit obligations or valuation changes.
- Noncurrent liabilities
- Noncurrent liabilities decreased notably from 35.4% in 2020 to around 25.38% in 2024, a reflection of reduced long-term debt and other long-term obligations.
- Total liabilities
- Total liabilities declined from 44.65% of total liabilities and equity in 2020 to a low of 37.82% in 2022, then increased modestly to 40.39% in 2024, indicating a general decrease in liabilities, but with a slight uptick toward the end of the period.
- Redeemable noncontrolling interest
- Redeemable noncontrolling interest remained minimal and stable around 0.05%-0.06% up to 2023, with no data reported for 2024.
- Common stock
- The proportion of common stock stayed relatively constant, fluctuating marginally between 0.7% and 0.76%, reflecting stability in the par value of issued common stock.
- Capital in excess of par value
- Capital in excess of par value showed a steady increase from 7.02% in 2020 to 8.43% in 2024, indicating incremental additional capital contributed by shareholders beyond the par value of stock.
- Retained earnings
- Retained earnings demonstrated a continuous upward trend, rising from 66.88% in 2020 to 80.12% in 2024. This significant growth points to cumulative profitability and reinvestment of earnings within the company.
- Accumulated other comprehensive losses
- Accumulated other comprehensive losses decreased in magnitude from -2.34% in 2020 to -1.07% in 2024, indicating an improvement or reduction in accumulated losses attributable to comprehensive income items.
- Deferred compensation and benefit plan trust
- This item remained consistently small and negative at about -0.09% to -0.1% throughout the observed period, showing minimal changes in deferred compensation arrangements.
- Treasury stock, at cost
- The percentage represented by treasury stock increased in absolute value from -17.31% in 2020 to -28.82% in 2024, reflecting repurchases or holdings of shares that reduce stockholders' equity over time.
- Total Chevron Corporation stockholders’ equity
- Stockholders' equity increased from 54.92% in 2020 to a peak of 61.81% in 2022, maintained levels above 59% by 2024, but declined slightly to 59.28% in 2024, indicating a generally strong equity position with minor fluctuations.
- Noncontrolling interests
- Noncontrolling interests remained relatively stable with minor variations from 0.31% to 0.38%, representing a small portion of the total equity.
- Total equity
- Total equity increased from 55.3% in 2020 to 62.12% in 2022, followed by a slight decline to 59.61% in 2024, reflecting the overall increase in equity offset partially by changes in treasury stock and liabilities.
- Total liabilities and equity
- The composition always sums to 100%, confirming the consistency and completeness of the data classification between liabilities and equity.