Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Chevron Corp. (NYSE:CVX)

Analysis of Liquidity Ratios

Beginner level

Liquidity ratios measure the company’s ability to meet its short-term obligations.


Liquidity Ratios (Summary)

Chevron Corp., liquidity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Current ratio 1.18 1.07 1.25 1.03 0.93
Quick ratio 0.77 0.72 0.93 0.73 0.66
Cash ratio 0.25 0.22 0.38 0.17 0.22

Based on: 10-K (filing date: 2021-02-25), 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Chevron Corp.’s current ratio deteriorated from 2018 to 2019 but then improved from 2019 to 2020 not reaching 2018 level.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Chevron Corp.’s quick ratio deteriorated from 2018 to 2019 but then slightly improved from 2019 to 2020.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Chevron Corp.’s cash ratio deteriorated from 2018 to 2019 but then slightly improved from 2019 to 2020.

Current Ratio

Chevron Corp., current ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Current assets 26,078  28,329  34,021  28,560  29,619 
Current liabilities 22,183  26,530  27,171  27,737  31,785 
Liquidity Ratio
Current ratio1 1.18 1.07 1.25 1.03 0.93
Benchmarks
Current Ratio, Competitors2
Exxon Mobil Corp. 0.80 0.78 0.84 0.82 0.87
Current Ratio, Sector
Oil, Gas & Consumable Fuels 0.90 0.87 0.97 0.89 0.89

Based on: 10-K (filing date: 2021-02-25), 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23).

1 2020 Calculation
Current ratio = Current assets ÷ Current liabilities
= 26,078 ÷ 22,183 = 1.18

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Chevron Corp.’s current ratio deteriorated from 2018 to 2019 but then improved from 2019 to 2020 not reaching 2018 level.

Quick Ratio

Chevron Corp., quick ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Cash and cash equivalents 5,596  5,686  9,342  4,813  6,988 
Time deposits —  —  950  —  — 
Marketable securities 31  63  53  13 
Accounts and notes receivable, less allowance 11,471  13,325  15,050  15,353  14,092 
Total quick assets 17,098  19,074  25,395  20,175  21,093 
 
Current liabilities 22,183  26,530  27,171  27,737  31,785 
Liquidity Ratio
Quick ratio1 0.77 0.72 0.93 0.73 0.66
Benchmarks
Quick Ratio, Competitors2
Exxon Mobil Corp. 0.44 0.47 0.49 0.50 0.53
Quick Ratio, Sector
Oil, Gas & Consumable Fuels 0.54 0.54 0.63 0.57 0.58

Based on: 10-K (filing date: 2021-02-25), 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23).

1 2020 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 17,098 ÷ 22,183 = 0.77

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Chevron Corp.’s quick ratio deteriorated from 2018 to 2019 but then slightly improved from 2019 to 2020.

Cash Ratio

Chevron Corp., cash ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Cash and cash equivalents 5,596  5,686  9,342  4,813  6,988 
Time deposits —  —  950  —  — 
Marketable securities 31  63  53  13 
Total cash assets 5,627  5,749  10,345  4,822  7,001 
 
Current liabilities 22,183  26,530  27,171  27,737  31,785 
Liquidity Ratio
Cash ratio1 0.25 0.22 0.38 0.17 0.22
Benchmarks
Cash Ratio, Competitors2
Exxon Mobil Corp. 0.08 0.05 0.05 0.05 0.08
Cash Ratio, Sector
Oil, Gas & Consumable Fuels 0.13 0.10 0.16 0.09 0.13

Based on: 10-K (filing date: 2021-02-25), 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23).

1 2020 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 5,627 ÷ 22,183 = 0.25

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Chevron Corp.’s cash ratio deteriorated from 2018 to 2019 but then slightly improved from 2019 to 2020.