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Chevron Corp. (CVX)

Liquidity Analysis
Quarterly Data

Difficulty: Beginner

  • Annual Data
  • Quarterly Data

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

    Ratios (Summary)

    Chevron Corp., liquidity ratios (quarterly data)

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    Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
    Current ratio 1.08 1.04 1.03 1.04 0.95 1.04 0.93 1.17 1.30 1.09 1.34 1.32 1.44 1.40 1.32 1.27 1.35 1.40 1.52 1.60 1.68 1.58
    Quick ratio 0.76 0.73 0.73 0.74 0.64 0.73 0.66 0.82 0.91 0.73 0.91 0.91 1.01 0.96 0.94 0.93 0.99 1.02 1.16 1.20 1.27 1.18
    Cash ratio 0.24 0.21 0.17 0.24 0.17 0.25 0.22 0.31 0.36 0.30 0.43 0.44 0.44 0.45 0.41 0.39 0.39 0.45 0.50 0.56 0.67 0.55
    Source: Based on data from Chevron Corp. Quarterly and Annual Reports
    Ratio Description The company
    Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Chevron Corp.'s current ratio improved from Q4 2017 to Q1 2018 and from Q1 2018 to Q2 2018.
    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 Q4 2017 to Q1 2018 but then improved from Q1 2018 to Q2 2018 exceeding Q4 2017 level.
    Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Chevron Corp.'s cash ratio improved from Q4 2017 to Q1 2018 and from Q1 2018 to Q2 2018.

    Current Ratio

    Chevron Corp., current ratio calculation (quarterly data)

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    Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
    Selected Financial Data (USD $ in millions)
    Current assets 34,256  31,726  28,560  29,398  26,626  29,568  29,619  28,873  32,471  31,713  35,347  39,819  40,738  41,270  42,232  47,083  48,920  49,749  50,250  53,503  56,104  54,696 
    Current liabilities 31,862  30,630  27,737  28,223  27,956  28,426  31,785  24,744  24,927  29,162  26,464  30,144  28,268  29,445  31,926  37,088  36,328  35,652  33,018  33,470  33,413  34,685 
    Ratio
    Current ratio1 1.08 1.04 1.03 1.04 0.95 1.04 0.93 1.17 1.30 1.09 1.34 1.32 1.44 1.40 1.32 1.27 1.35 1.40 1.52 1.60 1.68 1.58
    Source: Based on data from Chevron Corp. Quarterly and Annual Reports

    Q2 2018 Calculations

    1 Current ratio = Current assets ÷ Current liabilities
    = 34,256 ÷ 31,862 = 1.08

    Ratio Description The company
    Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Chevron Corp.'s current ratio improved from Q4 2017 to Q1 2018 and from Q1 2018 to Q2 2018.

    Quick Ratio

    Chevron Corp., quick ratio calculation (quarterly data)

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    Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
    Selected Financial Data (USD $ in millions)
    Cash and cash equivalents 7,628  6,466  4,813  6,641  4,762  6,983  6,988  7,351  8,764  8,562  11,022  12,933  12,156  12,675  12,785  14,215  13,959  15,612  16,245  17,014  20,630  17,374 
    Time deposits – – – – – – – – – – – – – – 8  8  8  308  8  1,308  1,408  1,408 
    Marketable securities 58  38  9  13  13  11  13  321  320  317  310  306  365  432  422  267  268  263  263  258  258  266 
    Accounts and notes receivable, net 16,672  15,771  15,353  14,124  13,168  13,754  14,092  12,522  13,490  12,459  12,860  14,240  16,153  15,239  16,736  19,974  21,578  20,285  21,622  21,641  20,273  21,969 
    Total quick assets 24,358  22,275  20,175  20,778  17,943  20,748  21,093  20,194  22,574  21,338  24,192  27,479  28,674  28,346  29,951  34,464  35,813  36,468  38,138  40,221  42,569  41,017 
    Current liabilities 31,862  30,630  27,737  28,223  27,956  28,426  31,785  24,744  24,927  29,162  26,464  30,144  28,268  29,445  31,926  37,088  36,328  35,652  33,018  33,470  33,413  34,685 
    Ratio
    Quick ratio1 0.76 0.73 0.73 0.74 0.64 0.73 0.66 0.82 0.91 0.73 0.91 0.91 1.01 0.96 0.94 0.93 0.99 1.02 1.16 1.20 1.27 1.18
    Source: Based on data from Chevron Corp. Quarterly and Annual Reports

    Q2 2018 Calculations

    1 Quick ratio = Total quick assets ÷ Current liabilities
    = 24,358 ÷ 31,862 = 0.76

    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 Q4 2017 to Q1 2018 but then improved from Q1 2018 to Q2 2018 exceeding Q4 2017 level.

    Cash Ratio

    Chevron Corp., cash ratio calculation (quarterly data)

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    Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
    Selected Financial Data (USD $ in millions)
    Cash and cash equivalents 7,628  6,466  4,813  6,641  4,762  6,983  6,988  7,351  8,764  8,562  11,022  12,933  12,156  12,675  12,785  14,215  13,959  15,612  16,245  17,014  20,630  17,374 
    Time deposits – – – – – – – – – – – – – – 8  8  8  308  8  1,308  1,408  1,408 
    Marketable securities 58  38  9  13  13  11  13  321  320  317  310  306  365  432  422  267  268  263  263  258  258  266 
    Total cash assets 7,686  6,504  4,822  6,654  4,775  6,994  7,001  7,672  9,084  8,879  11,332  13,239  12,521  13,107  13,215  14,490  14,235  16,183  16,516  18,580  22,296  19,048 
    Current liabilities 31,862  30,630  27,737  28,223  27,956  28,426  31,785  24,744  24,927  29,162  26,464  30,144  28,268  29,445  31,926  37,088  36,328  35,652  33,018  33,470  33,413  34,685 
    Ratio
    Cash ratio1 0.24 0.21 0.17 0.24 0.17 0.25 0.22 0.31 0.36 0.30 0.43 0.44 0.44 0.45 0.41 0.39 0.39 0.45 0.50 0.56 0.67 0.55
    Source: Based on data from Chevron Corp. Quarterly and Annual Reports

    Q2 2018 Calculations

    1 Cash ratio = Total cash assets ÷ Current liabilities
    = 7,686 ÷ 31,862 = 0.24

    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 improved from Q4 2017 to Q1 2018 and from Q1 2018 to Q2 2018.