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

Chevron Corp., liquidity ratios (quarterly data)

	Dec 31, 2019	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
Current ratio	1.07	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
Quick ratio	0.72	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
Cash ratio	0.22	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

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 Q2 2019 to Q3 2019 and from Q3 2019 to Q4 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 Q2 2019 to Q3 2019 but then deteriorated significantly from Q3 2019 to Q4 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 Q2 2019 to Q3 2019 but then deteriorated significantly from Q3 2019 to Q4 2019.

Chevron Corp., current ratio calculation (quarterly data)

	Dec 31, 2019	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
Selected Financial Data (US$ in millions)
Current assets	28,329	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
Current liabilities	26,530	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
Liquidity Ratio
Current ratio¹	1.07	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
Benchmarks
Current Ratio, Competitors²
ConocoPhillips	2.40	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
Exxon Mobil Corp.	0.78	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

¹ Q4 2019 Calculation
Current ratio = Current assets ÷ Current liabilities
= 28,329 ÷ 26,530 = 1.07

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 Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019.

Chevron Corp., quick ratio calculation (quarterly data)

	Dec 31, 2019	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
Selected Financial Data (US$ in millions)
Cash and cash equivalents	5,686	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
Time deposits	—	—	—	—	950	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Marketable securities	63	58	58	56	53	60	58	38	9	13	13	11	13	321	320	317	310	306	365	432
Accounts and notes receivable, net	13,325	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
Total quick assets	19,074	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

Current liabilities	26,530	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
Liquidity Ratio
Quick ratio¹	0.72	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
Benchmarks
Quick Ratio, Competitors²
ConocoPhillips	1.93	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
Exxon Mobil Corp.	0.47	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

¹ Q4 2019 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 19,074 ÷ 26,530 = 0.72

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 Q2 2019 to Q3 2019 but then deteriorated significantly from Q3 2019 to Q4 2019.

Chevron Corp., cash ratio calculation (quarterly data)

	Dec 31, 2019	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
Selected Financial Data (US$ in millions)
Cash and cash equivalents	5,686	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
Time deposits	—	—	—	—	950	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Marketable securities	63	58	58	56	53	60	58	38	9	13	13	11	13	321	320	317	310	306	365	432
Total cash assets	5,749	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

Current liabilities	26,530	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
Liquidity Ratio
Cash ratio¹	0.22	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
Benchmarks
Cash Ratio, Competitors²
ConocoPhillips	1.45	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
Exxon Mobil Corp.	0.05	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

¹ Q4 2019 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 5,749 ÷ 26,530 = 0.22

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 Q2 2019 to Q3 2019 but then deteriorated significantly from Q3 2019 to Q4 2019.

Chevron Corp. (NYSE:CVX)

Analysis of Liquidity Ratios
Quarterly Data