Stock Analysis on Net

Marathon Oil Corp. (NYSE:MRO)

Analysis of Liquidity Ratios 

Microsoft Excel LibreOffice Calc

Liquidity Ratios (Summary)

Marathon Oil Corp., liquidity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Current ratio 1.11 1.33 1.22 1.59 1.30
Quick ratio 1.05 1.23 1.13 1.39 1.22
Cash ratio 0.35 0.61 0.49 0.80 0.29

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).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Marathon Oil Corp. current ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Marathon Oil Corp. quick ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Marathon Oil Corp. cash ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.

Current Ratio

Marathon Oil Corp., current ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Current assets 1,821  1,612  2,135  2,921  2,566 
Current liabilities 1,637  1,213  1,745  1,832  1,968 
Liquidity Ratio
Current ratio1 1.11 1.33 1.22 1.59 1.30
Benchmarks
Current Ratio, Competitors2
Chevron Corp. 1.26 1.18 1.07 1.25 1.03
ConocoPhillips 1.34 2.25 2.40 1.79 1.76
Devon Energy Corp. 1.38 2.26 2.00 1.99 1.45
Exxon Mobil Corp. 1.04 0.80 0.78 0.84 0.82
Occidental Petroleum Corp. 1.23 1.07 1.25 1.34 1.12
Pioneer Natural Resources Co. 1.52 1.36 0.88 1.42 1.41
Valero Energy Corp. 1.26 1.71 1.44 1.65 1.74
Current Ratio, Sector
Oil, Gas & Consumable Fuels 1.18 1.09 1.07 1.15 1.08

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
Current ratio = Current assets ÷ Current liabilities
= 1,821 ÷ 1,637 = 1.11

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. Marathon Oil Corp. current ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.

Quick Ratio

Marathon Oil Corp., quick ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Cash and cash equivalents 580  742  858  1,462  563 
Receivables, less reserve 1,142  747  1,122  1,079  1,082 
Notes receivable —  —  —  —  748 
Total quick assets 1,722  1,489  1,980  2,541  2,393 
 
Current liabilities 1,637  1,213  1,745  1,832  1,968 
Liquidity Ratio
Quick ratio1 1.05 1.23 1.13 1.39 1.22
Benchmarks
Quick Ratio, Competitors2
Chevron Corp. 0.90 0.77 0.72 0.93 0.73
ConocoPhillips 1.10 1.98 1.93 1.58 1.53
Devon Energy Corp. 1.24 1.97 1.39 1.48 1.31
Exxon Mobil Corp. 0.69 0.44 0.47 0.49 0.50
Occidental Petroleum Corp. 0.84 0.52 0.66 1.07 0.79
Pioneer Natural Resources Co. 1.41 1.22 0.77 1.24 1.29
Valero Energy Corp. 0.86 1.01 0.88 0.96 1.15
Quick Ratio, Sector
Oil, Gas & Consumable Fuels 0.84 0.69 0.69 0.79 0.76

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
Quick ratio = Total quick assets ÷ Current liabilities
= 1,722 ÷ 1,637 = 1.05

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. Marathon Oil Corp. quick ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.

Cash Ratio

Marathon Oil Corp., cash ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Cash and cash equivalents 580  742  858  1,462  563 
Total cash assets 580  742  858  1,462  563 
 
Current liabilities 1,637  1,213  1,745  1,832  1,968 
Liquidity Ratio
Cash ratio1 0.35 0.61 0.49 0.80 0.29
Benchmarks
Cash Ratio, Competitors2
Chevron Corp. 0.21 0.25 0.22 0.38 0.17
ConocoPhillips 0.55 1.46 1.45 1.03 1.07
Devon Energy Corp. 0.74 1.55 0.96 1.08 0.81
Exxon Mobil Corp. 0.12 0.08 0.05 0.05 0.05
Occidental Petroleum Corp. 0.33 0.26 0.23 0.41 0.23
Pioneer Natural Resources Co. 1.00 0.85 0.36 0.79 0.99
Valero Energy Corp. 0.24 0.36 0.20 0.28 0.53
Cash Ratio, Sector
Oil, Gas & Consumable Fuels 0.25 0.26 0.22 0.28 0.26

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
Cash ratio = Total cash assets ÷ Current liabilities
= 580 ÷ 1,637 = 0.35

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. Marathon Oil Corp. cash ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.