Microsoft Excel LibreOffice Calc

Exxon Mobil Corp. (XOM)


Analysis of Liquidity Ratios

Low level of difficulty


Liquidity Ratios (Summary)

Exxon Mobil Corp., liquidity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Current ratio 0.84 0.82 0.87 0.79 0.82
Quick ratio 0.49 0.50 0.53 0.44 0.51
Cash ratio 0.05 0.05 0.08 0.07 0.07

Based on: 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-22), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-25).

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 2016 to 2017 but then slightly improved from 2017 to 2018.
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 2016 to 2017 and from 2017 to 2018.
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 2016 to 2017 and from 2017 to 2018.

Current Ratio

Exxon Mobil Corp., current ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Current assets 47,973  47,134  41,416  42,623  52,910 
Current liabilities 57,138  57,771  47,638  53,976  64,633 
Liquidity Ratio
Current ratio1 0.84 0.82 0.87 0.79 0.82
Benchmarks
Current Ratio, Competitors2
Chevron Corp. 1.25 1.03 0.93 1.34 1.32
ConocoPhillips 1.79 1.76 1.25 0.95 1.31
EOG Resources Inc. 1.36 1.20 1.75 1.42 1.60
Occidental Petroleum Corp. 1.34 1.12 1.32 1.37 1.68
Phillips 66 1.48 1.42 1.34 1.63 1.50
Current Ratio, Sector
Oil & Gas Producers 1.10 1.03 1.00 1.05 1.12
Current Ratio, Industry
Oil & Gas 1.09 1.02 1.05 1.13 1.15

Based on: 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-22), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-25).

1 2018 Calculation
Current ratio = Current assets ÷ Current liabilities
= 47,973 ÷ 57,138 = 0.84

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 2016 to 2017 but then slightly improved from 2017 to 2018.

Quick Ratio

Exxon Mobil Corp., quick ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Cash and cash equivalents 3,042  3,177  3,657  3,705  4,616 
Cash and cash equivalents, restricted —  —  —  —  42 
Notes and accounts receivable, trade, less reserves 19,638  21,274  16,033  13,243  18,541 
Notes and accounts receivable, other, less reserves 5,063  4,323  5,361  6,632  9,468 
Total quick assets 27,743  28,774  25,051  23,580  32,667 
 
Current liabilities 57,138  57,771  47,638  53,976  64,633 
Liquidity Ratio
Quick ratio1 0.49 0.50 0.53 0.44 0.51
Benchmarks
Quick Ratio, Competitors2
Chevron Corp. 0.93 0.73 0.66 0.91 0.94
ConocoPhillips 1.58 1.53 1.02 0.74 1.03
EOG Resources Inc. 0.93 0.89 1.39 0.91 1.14
Occidental Petroleum Corp. 1.07 0.79 0.98 1.08 1.46
Phillips 66 1.03 1.05 0.96 1.10 1.12
Quick Ratio, Sector
Oil & Gas Producers 0.76 0.71 0.68 0.68 0.79
Quick Ratio, Industry
Oil & Gas 0.76 0.71 0.74 0.77 0.82

Based on: 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-22), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-25).

1 2018 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 27,743 ÷ 57,138 = 0.49

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 2016 to 2017 and from 2017 to 2018.

Cash Ratio

Exxon Mobil Corp., cash ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Cash and cash equivalents 3,042  3,177  3,657  3,705  4,616 
Cash and cash equivalents, restricted —  —  —  —  42 
Total cash assets 3,042  3,177  3,657  3,705  4,658 
 
Current liabilities 57,138  57,771  47,638  53,976  64,633 
Liquidity Ratio
Cash ratio1 0.05 0.05 0.08 0.07 0.07
Benchmarks
Cash Ratio, Competitors2
Chevron Corp. 0.38 0.17 0.22 0.43 0.41
ConocoPhillips 1.03 1.07 0.53 0.26 0.44
EOG Resources Inc. 0.42 0.31 0.79 0.39 0.62
Occidental Petroleum Corp. 0.41 0.23 0.35 0.64 0.95
Phillips 66 0.34 0.31 0.29 0.41 0.47
Cash Ratio, Sector
Oil & Gas Producers 0.26 0.21 0.20 0.24 0.29
Cash Ratio, Industry
Oil & Gas 0.26 0.21 0.25 0.31 0.30

Based on: 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-22), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-25).

1 2018 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 3,042 ÷ 57,138 = 0.05

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 2016 to 2017 and from 2017 to 2018.