Stock Analysis on Net
Stock Analysis on Net

Marathon Oil Corp. (NYSE:MRO)

This company has been moved to the archive! The financial data has not been updated since August 4, 2022.

Analysis of Bad Debts

Microsoft Excel

Allowance for doubtful accounts receivable (bad debts) is a contra account which reduce the balance of the company gross accounts receivable. The relationship between the allowance and the balance in receivables should be relatively constant unless there is a change in the economy overall or a change in customer base.

Allowance for Doubtful Accounts Receivable

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Reserve for credit losses 15 22 11 11 12
Receivables, gross 1,157 769 1,133 1,090 1,094
Financial Ratio
Allowance as a percentage of receivables, gross1 1.30% 2.86% 0.97% 1.01% 1.10%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Allowance as a percentage of receivables, gross = 100 × Reserve for credit losses ÷ Receivables, gross
= 100 × 15 ÷ 1,157 = 1.30%

Financial ratio Description The company
Allowance as a percentage of receivables, gross Allowance for doubtful accounts divided by the gross accounts receivable. Marathon Oil Corp. allowance as a percentage of receivables, gross increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.