Microsoft Excel LibreOffice Calc

Chevron Corp. (CVX)

Analysis of Liquidity Ratios
Quarterly Data

Beginner level

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

Liquidity Ratios (Summary)

Chevron Corp., liquidity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 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
Current ratio 1.12 1.15 1.12 1.25 1.22 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
Quick ratio 0.82 0.80 0.79 0.93 0.91 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
Cash ratio 0.39 0.30 0.29 0.38 0.33 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

Based on: 10-Q (filing date: 2019-11-07), 10-Q (filing date: 2019-08-07), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-22), 10-Q (filing date: 2018-11-08), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-22), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-05), 10-Q (filing date: 2015-05-07), 10-K (filing date: 2015-02-20), 10-Q (filing date: 2014-11-07), 10-Q (filing date: 2014-08-06), 10-Q (filing date: 2014-05-02).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Chevron Corp.’s current ratio improved from Q1 2019 to Q2 2019 but then deteriorated significantly from Q2 2019 to Q3 2019.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Chevron Corp.’s quick ratio improved from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Chevron Corp.’s cash ratio improved from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.

Current Ratio

Chevron Corp., current ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 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
Selected Financial Data (US$ in millions)
Current assets 33,988  33,087  33,671  34,021  35,583  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 
Current liabilities 30,233  28,829  29,951  27,171  29,183  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 
Liquidity Ratio
Current ratio1 1.12 1.15 1.12 1.25 1.22 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
Benchmarks
Current Ratio, Competitors2
ConocoPhillips 2.56 1.76 1.86 1.79 1.99 1.75 1.85 1.76 2.38 2.00 1.43 1.25 1.28 1.26 1.24 0.95 1.17 1.37 1.13 1.31 1.15 1.16 1.19
EOG Resources Inc. 1.08 1.02 1.14 1.36 1.09 0.98 1.26 1.20 1.27 1.24 1.67 1.75 1.58 1.43 1.53 1.42 1.38 1.64 1.55 1.60 1.45 1.34 1.42
Exxon Mobil Corp. 0.78 0.74 0.77 0.84 0.83 0.81 0.80 0.82 0.85 0.83 0.81 0.87 0.86 0.89 0.91 0.79 0.86 0.88 0.91 0.82 0.89 0.92 0.88
Occidental Petroleum Corp. 1.33 1.20 1.23 1.34 1.33 1.36 1.26 1.12 1.11 1.26 1.20 1.32 1.53 1.70 1.21 1.37 1.42 1.41 1.51 1.68 1.10 1.22 1.33
Phillips 66 1.29 1.28 1.31 1.48 1.28 1.24 1.31 1.42 1.31 1.40 1.39 1.34 1.18 1.22 1.51 1.63 1.70 1.64 1.64 1.50 1.32 1.36 1.39

Based on: 10-Q (filing date: 2019-11-07), 10-Q (filing date: 2019-08-07), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-22), 10-Q (filing date: 2018-11-08), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-22), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-05), 10-Q (filing date: 2015-05-07), 10-K (filing date: 2015-02-20), 10-Q (filing date: 2014-11-07), 10-Q (filing date: 2014-08-06), 10-Q (filing date: 2014-05-02).

1 Q3 2019 Calculation
Current ratio = Current assets ÷ Current liabilities
= 33,988 ÷ 30,233 = 1.12

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 improved from Q1 2019 to Q2 2019 but then deteriorated significantly from Q2 2019 to Q3 2019.

Quick Ratio

Chevron Corp., quick ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 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
Selected Financial Data (US$ in millions)
Cash and cash equivalents 11,697  8,513  8,699  9,342  9,686  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 
Time deposits —  —  —  950  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  8  8  8  308 
Marketable securities 58  58  56  53  60  58  38  9  13  13  11  13  321  320  317  310  306  365  432  422  267  268  263 
Accounts and notes receivable, net 12,966  14,383  14,928  15,050  16,788  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 
Total quick assets 24,721  22,954  23,683  25,395  26,534  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 
 
Current liabilities 30,233  28,829  29,951  27,171  29,183  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 
Liquidity Ratio
Quick ratio1 0.82 0.80 0.79 0.93 0.91 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
Benchmarks
Quick Ratio, Competitors2
ConocoPhillips 2.30 1.35 1.65 1.58 1.51 1.50 1.58 1.53 2.11 1.51 0.89 1.02 1.01 1.02 1.03 0.74 0.83 1.03 0.84 1.03 0.94 0.90 0.96
EOG Resources Inc. 0.78 0.72 0.78 0.93 0.77 0.68 0.89 0.89 0.96 1.02 1.35 1.39 1.14 1.00 0.94 0.91 0.91 1.17 1.10 1.14 1.03 0.89 1.02
Exxon Mobil Corp. 0.48 0.45 0.48 0.49 0.51 0.49 0.48 0.50 0.51 0.50 0.50 0.53 0.51 0.51 0.51 0.44 0.48 0.52 0.54 0.51 0.55 0.58 0.55
Occidental Petroleum Corp. 0.71 0.89 0.94 1.07 1.07 0.85 0.96 0.79 0.87 0.96 0.85 0.98 1.18 1.30 0.87 1.08 1.05 1.16 1.23 1.46 0.83 0.93 0.92
Phillips 66 0.77 0.77 0.76 1.03 0.74 0.77 0.75 1.05 0.80 0.87 0.83 0.96 0.73 0.75 0.87 1.10 1.13 1.16 1.13 1.12 0.86 1.00 0.95

Based on: 10-Q (filing date: 2019-11-07), 10-Q (filing date: 2019-08-07), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-22), 10-Q (filing date: 2018-11-08), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-22), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-05), 10-Q (filing date: 2015-05-07), 10-K (filing date: 2015-02-20), 10-Q (filing date: 2014-11-07), 10-Q (filing date: 2014-08-06), 10-Q (filing date: 2014-05-02).

1 Q3 2019 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 24,721 ÷ 30,233 = 0.82

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 improved from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.

Cash Ratio

Chevron Corp., cash ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 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
Selected Financial Data (US$ in millions)
Cash and cash equivalents 11,697  8,513  8,699  9,342  9,686  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 
Time deposits —  —  —  950  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  8  8  8  308 
Marketable securities 58  58  56  53  60  58  38  9  13  13  11  13  321  320  317  310  306  365  432  422  267  268  263 
Total cash assets 11,755  8,571  8,755  10,345  9,746  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 
 
Current liabilities 30,233  28,829  29,951  27,171  29,183  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 
Liquidity Ratio
Cash ratio1 0.39 0.30 0.29 0.38 0.33 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
Benchmarks
Cash Ratio, Competitors2
ConocoPhillips 1.69 0.95 1.12 1.03 0.90 0.90 0.99 1.07 1.64 1.19 0.45 0.53 0.57 0.57 0.59 0.26 0.29 0.44 0.28 0.44 0.41 0.40 0.45
EOG Resources Inc. 0.35 0.26 0.26 0.42 0.29 0.23 0.29 0.31 0.39 0.61 0.76 0.79 0.61 0.46 0.43 0.39 0.36 0.60 0.69 0.62 0.44 0.35 0.49
Exxon Mobil Corp. 0.08 0.06 0.07 0.05 0.09 0.05 0.07 0.05 0.08 0.08 0.09 0.08 0.10 0.08 0.10 0.07 0.08 0.08 0.09 0.07 0.08 0.09 0.08
Occidental Petroleum Corp. 0.34 0.22 0.23 0.41 0.35 0.17 0.23 0.23 0.28 0.35 0.22 0.35 0.56 0.71 0.47 0.64 0.58 0.66 0.78 0.95 0.30 0.27 0.28
Phillips 66 0.19 0.16 0.11 0.34 0.08 0.16 0.09 0.31 0.16 0.24 0.17 0.29 0.23 0.21 0.23 0.41 0.54 0.51 0.55 0.47 0.23 0.33 0.35

Based on: 10-Q (filing date: 2019-11-07), 10-Q (filing date: 2019-08-07), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-22), 10-Q (filing date: 2018-11-08), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-22), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-05), 10-Q (filing date: 2015-05-07), 10-K (filing date: 2015-02-20), 10-Q (filing date: 2014-11-07), 10-Q (filing date: 2014-08-06), 10-Q (filing date: 2014-05-02).

1 Q3 2019 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 11,755 ÷ 30,233 = 0.39

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 improved from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.