Stock Analysis on Net

Marathon Oil Corp. (NYSE:MRO)

$22.49

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

Current Ratio
since 2005

Microsoft Excel

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Calculation

Marathon Oil Corp., current ratio, long-term trends, calculation

Microsoft Excel

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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions


Current Assets
The current assets exhibited fluctuations over the period analyzed. Beginning at 9,383 million US$ at the end of 2005, they generally increased through 2010, peaking at 13,829 million US$ in that year. After 2010, current assets decreased significantly, reaching a low point in 2011 of 3,224 million US$. Thereafter, the values varied moderately, with a slight declining trend from 2013 onward, culminating at 1,821 million US$ by the end of 2021.
Current Liabilities
Current liabilities showed considerable variability. Starting at 8,154 million US$ in 2005, liabilities rose to a peak of 11,260 million US$ in 2007. Following this peak, there was a general decline, with a sharp drop to 1,729 million US$ by the end of 2014. After 2014, liabilities fluctuated but remained relatively stable at lower levels compared to the early years, ending at 1,637 million US$ in 2021.
Current Ratio
The current ratio fluctuated throughout the time frame, reflecting changes in liquidity. Initially, it was slightly above 1, with 1.15 in 2005 and a peak of 1.25 in 2006. It dropped below 1 in 2007 to 0.94, indicating liquidity pressure, followed by some recovery around 2008-2010, reaching 1.24 in 2010. The ratio then declined sharply in 2011 and 2012, falling to 0.73 and 0.74 respectively, representing periods of tight liquidity. From 2013 onwards, the current ratio generally improved, frequently exceeding 1.0 and reaching a high of 1.64 in 2016. The ratio remained above 1 through 2021, though it trended slightly downward in the last two years observed, ending at 1.11.
Overall Insights
The company experienced significant shifts in its short-term financial position during the period. The large decline in current assets and current liabilities around 2011 suggests a major restructuring or asset/liability adjustment. Liquidity, as measured by the current ratio, was inconsistent but improved notably after 2012, indicating enhanced ability to cover short-term obligations. The current ratio consistently stayed above 1 after 2012, implying good short-term financial stability in the latter years of the period. However, the overall decline in absolute current assets toward the end of the period might warrant attention for potential liquidity risks if the trend continues.

Comparison to Competitors

Marathon Oil Corp., current ratio, long-term trends, comparison to competitors

Microsoft Excel

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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Oil, Gas & Consumable Fuels)

Marathon Oil Corp., current ratio, long-term trends, comparison to sector (oil, gas & consumable fuels)

Microsoft Excel

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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Industry (Energy)