## Analysis of Liquidity Ratios

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

### Liquidity Ratios (Summary)

**Exxon Mobil Corp., liquidity ratios**

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**

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 ratio^{1} |
0.80 | 0.78 | 0.84 | 0.82 | 0.87 | |

Benchmarks | ||||||

Current Ratio, Competitors^{2} |
||||||

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**

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 ratio^{1} |
0.44 | 0.47 | 0.49 | 0.50 | 0.53 | |

Benchmarks | ||||||

Quick Ratio, Competitors^{2} |
||||||

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**

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 ratio^{1} |
0.08 | 0.05 | 0.05 | 0.05 | 0.08 | |

Benchmarks | ||||||

Cash Ratio, Competitors^{2} |
||||||

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 |

^{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. |