Stock Analysis on Net
Stock Analysis on Net

Exxon Mobil Corp. (NYSE:XOM)

Analysis of Liquidity Ratios

Microsoft Excel LibreOffice Calc

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


Liquidity Ratios (Summary)

Exxon Mobil Corp., liquidity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Current ratio 0.80 0.78 0.84 0.82 0.87
Quick ratio 0.44 0.47 0.49 0.50 0.53
Cash ratio 0.08 0.05 0.05 0.05 0.08

Based on: 10-K (filing date: 2021-02-24), 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-22).

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

Current Ratio

Exxon Mobil 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 44,893  50,052  47,973  47,134  41,416 
Current liabilities 56,363  63,989  57,138  57,771  47,638 
Liquidity Ratio
Current ratio1 0.80 0.78 0.84 0.82 0.87
Benchmarks
Current Ratio, Competitors2
Chevron Corp. 1.18 1.07 1.25 1.03 0.93
Current Ratio, Sector
Oil, Gas & Consumable Fuels 0.90 0.87 0.97 0.89 0.89

Based on: 10-K (filing date: 2021-02-24), 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-22).

1 2020 Calculation
Current ratio = Current assets ÷ Current liabilities
= 44,893 ÷ 56,363 = 0.80

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. Exxon Mobil Corp.’s current ratio deteriorated from 2018 to 2019 but then slightly improved from 2019 to 2020.

Quick Ratio

Exxon Mobil 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 4,364  3,089  3,042  3,177  3,657 
Notes and accounts receivable, trade, less reserves 16,339  21,100  19,638  21,274  16,033 
Notes and accounts receivable, other, less reserves 4,242  5,866  5,063  4,323  5,361 
Total quick assets 24,945  30,055  27,743  28,774  25,051 
 
Current liabilities 56,363  63,989  57,138  57,771  47,638 
Liquidity Ratio
Quick ratio1 0.44 0.47 0.49 0.50 0.53
Benchmarks
Quick Ratio, Competitors2
Chevron Corp. 0.77 0.72 0.93 0.73 0.66
Quick Ratio, Sector
Oil, Gas & Consumable Fuels 0.54 0.54 0.63 0.57 0.58

Based on: 10-K (filing date: 2021-02-24), 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-22).

1 2020 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 24,945 ÷ 56,363 = 0.44

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. Exxon Mobil Corp.’s quick ratio deteriorated from 2018 to 2019 and from 2019 to 2020.

Cash Ratio

Exxon Mobil 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 4,364  3,089  3,042  3,177  3,657 
Total cash assets 4,364  3,089  3,042  3,177  3,657 
 
Current liabilities 56,363  63,989  57,138  57,771  47,638 
Liquidity Ratio
Cash ratio1 0.08 0.05 0.05 0.05 0.08
Benchmarks
Cash Ratio, Competitors2
Chevron Corp. 0.25 0.22 0.38 0.17 0.22
Cash Ratio, Sector
Oil, Gas & Consumable Fuels 0.13 0.10 0.16 0.09 0.13

Based on: 10-K (filing date: 2021-02-24), 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-22).

1 2020 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 4,364 ÷ 56,363 = 0.08

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. Exxon Mobil Corp.’s cash ratio deteriorated from 2018 to 2019 but then improved from 2019 to 2020 exceeding 2018 level.