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

Exxon Mobil Corp., liquidity ratios (quarterly data)

	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	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
Current ratio	0.80	0.86	0.93	0.78	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
Quick ratio	0.44	0.51	0.55	0.50	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
Cash ratio	0.08	0.16	0.22	0.18	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

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 Q2 2020 to Q3 2020 and from Q3 2020 to Q4 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 Q2 2020 to Q3 2020 and from Q3 2020 to Q4 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 Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.

Exxon Mobil Corp., current ratio calculation (quarterly data)

	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	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
Selected Financial Data (US$ in millions)
Current assets	44,893	48,693	53,016	50,249	50,052	50,008	51,743	51,576	47,973	53,975	50,555	48,315	47,134	45,752	42,180	43,131	41,416	42,945	45,828	44,251
Current liabilities	56,363	56,468	57,270	64,773	63,989	64,195	70,287	66,632	57,138	65,288	62,447	60,306	57,771	53,777	50,949	53,374	47,638	50,021	51,504	48,726
Liquidity Ratio
Current ratio¹	0.80	0.86	0.93	0.78	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
Benchmarks
Current Ratio, Competitors²
Chevron Corp.	1.18	1.26	1.14	1.01	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 Q4 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 Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.

Exxon Mobil Corp., quick ratio calculation (quarterly data)

	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	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
Selected Financial Data (US$ in millions)
Cash and cash equivalents	4,364	8,832	12,576	11,412	3,089	5,351	4,213	4,586	3,042	5,669	3,430	4,125	3,177	4,266	4,042	4,897	3,657	5,093	4,358	4,846
Notes and accounts receivable, net	20,581	19,974	19,036	20,871	26,966	25,308	27,132	27,105	24,701	27,880	26,993	24,686	25,597	23,263	21,289	21,842	21,394	20,388	21,827	19,814
Total quick assets	24,945	28,806	31,612	32,283	30,055	30,659	31,345	31,691	27,743	33,549	30,423	28,811	28,774	27,529	25,331	26,739	25,051	25,481	26,185	24,660

Current liabilities	56,363	56,468	57,270	64,773	63,989	64,195	70,287	66,632	57,138	65,288	62,447	60,306	57,771	53,777	50,949	53,374	47,638	50,021	51,504	48,726
Liquidity Ratio
Quick ratio¹	0.44	0.51	0.55	0.50	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
Benchmarks
Quick Ratio, Competitors²
Chevron Corp.	0.77	0.84	0.74	0.66	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

¹ Q4 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 Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.

Exxon Mobil Corp., cash ratio calculation (quarterly data)

	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	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
Selected Financial Data (US$ in millions)
Cash and cash equivalents	4,364	8,832	12,576	11,412	3,089	5,351	4,213	4,586	3,042	5,669	3,430	4,125	3,177	4,266	4,042	4,897	3,657	5,093	4,358	4,846
Total cash assets	4,364	8,832	12,576	11,412	3,089	5,351	4,213	4,586	3,042	5,669	3,430	4,125	3,177	4,266	4,042	4,897	3,657	5,093	4,358	4,846

Current liabilities	56,363	56,468	57,270	64,773	63,989	64,195	70,287	66,632	57,138	65,288	62,447	60,306	57,771	53,777	50,949	53,374	47,638	50,021	51,504	48,726
Liquidity Ratio
Cash ratio¹	0.08	0.16	0.22	0.18	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
Benchmarks
Cash Ratio, Competitors²
Chevron Corp.	0.25	0.35	0.33	0.30	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

¹ Q4 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 Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.

Exxon Mobil Corp. (NYSE:XOM)

Analysis of Liquidity Ratios
Quarterly Data