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 Liquidity Ratios

Microsoft Excel

Liquidity Ratios (Summary)

Marathon Oil Corp., liquidity ratios

Microsoft Excel
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
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
ConocoPhillips 1.34 2.25 2.40
Exxon Mobil Corp. 1.04 0.80 0.78
Marathon Petroleum Corp. 1.70 1.81 1.25
Occidental Petroleum Corp. 1.23 1.07 1.25
Pioneer Natural Resources Co. 1.52 1.36 0.88
Valero Energy Corp. 1.26 1.71 1.44
Current Ratio, Sector
Oil, Gas & Consumable Fuels 1.24 1.16 1.08
Current Ratio, Industry
Energy 1.24 1.17 1.09

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
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
ConocoPhillips 1.10 1.98 1.93
Exxon Mobil Corp. 0.69 0.44 0.47
Marathon Petroleum Corp. 1.22 0.39 0.58
Occidental Petroleum Corp. 0.84 0.50 0.63
Pioneer Natural Resources Co. 1.41 1.22 0.77
Valero Energy Corp. 0.86 1.01 0.88
Quick Ratio, Sector
Oil, Gas & Consumable Fuels 0.88 0.63 0.66
Quick Ratio, Industry
Energy 0.88 0.64 0.67

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
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
ConocoPhillips 0.55 1.46 1.45
Exxon Mobil Corp. 0.12 0.08 0.05
Marathon Petroleum Corp. 0.61 0.03 0.09
Occidental Petroleum Corp. 0.33 0.24 0.20
Pioneer Natural Resources Co. 1.00 0.85 0.36
Valero Energy Corp. 0.24 0.36 0.20
Cash Ratio, Sector
Oil, Gas & Consumable Fuels 0.29 0.21 0.19
Cash Ratio, Industry
Energy 0.29 0.22 0.19

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.