Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Marathon Oil Corp., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Marathon Oil Corp. current ratio deteriorated from Q4 2021 to Q1 2022 but then improved from Q1 2022 to Q2 2022 exceeding Q4 2021 level. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Marathon Oil Corp. quick ratio deteriorated from Q4 2021 to Q1 2022 but then improved from Q1 2022 to Q2 2022 exceeding Q4 2021 level. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Marathon Oil Corp. cash ratio deteriorated from Q4 2021 to Q1 2022 but then improved from Q1 2022 to Q2 2022 exceeding Q4 2021 level. |
Current Ratio
Marathon Oil Corp., current ratio calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Current assets | 2,808) | 2,230) | 1,821) | 1,655) | 2,075) | 2,150) | 1,612) | 1,922) | 1,405) | 1,909) | 2,135) | 2,520) | 2,688) | 2,776) | 2,921) | 3,065) | 3,087) | 2,902) | 2,566) | 3,690) | 4,424) | 3,743) | |||||||
| Current liabilities | 2,377) | 2,021) | 1,637) | 1,676) | 1,575) | 1,899) | 1,213) | 1,566) | 1,065) | 1,442) | 1,745) | 2,379) | 2,471) | 1,858) | 1,832) | 2,142) | 2,044) | 1,909) | 1,968) | 1,762) | 2,082) | 3,099) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||
| Current ratio1 | 1.18 | 1.10 | 1.11 | 0.99 | 1.32 | 1.13 | 1.33 | 1.23 | 1.32 | 1.32 | 1.22 | 1.06 | 1.09 | 1.49 | 1.59 | 1.43 | 1.51 | 1.52 | 1.30 | 2.09 | 2.12 | 1.21 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | 1.31 | 1.43 | 1.26 | 1.28 | 1.17 | 1.11 | 1.18 | 1.26 | 1.14 | 1.01 | 1.07 | 1.12 | 1.15 | 1.12 | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 1.54 | 1.51 | 1.34 | 1.93 | 2.11 | 2.03 | 2.25 | 2.38 | 2.69 | 2.16 | 2.40 | 2.56 | 1.76 | 1.86 | — | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 1.16 | 1.07 | 1.04 | 0.90 | 0.85 | 0.80 | 0.80 | 0.86 | 0.93 | 0.78 | 0.78 | 0.78 | 0.74 | 0.77 | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 1.49 | 1.45 | 1.70 | 2.02 | 1.98 | 1.89 | 1.81 | 1.84 | 1.27 | 1.16 | 1.25 | 1.25 | 1.24 | 1.20 | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 1.07 | 1.16 | 1.23 | 1.08 | 1.34 | 1.17 | 1.07 | 1.02 | 0.85 | 1.18 | 1.25 | 1.33 | 1.20 | 1.23 | — | — | — | — | — | — | — | — | |||||||
| Pioneer Natural Resources Co. | 1.33 | 1.54 | 1.52 | 0.63 | 0.55 | 0.79 | 1.36 | 1.43 | 0.75 | 0.99 | 0.88 | 0.78 | 0.86 | 0.99 | — | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 1.25 | 1.18 | 1.26 | 1.31 | 1.36 | 1.43 | 1.71 | 1.90 | 1.75 | 1.31 | 1.44 | 1.40 | 1.42 | 1.43 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
Current ratio = Current assets ÷ Current liabilities
= 2,808 ÷ 2,377 = 1.18
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 deteriorated from Q4 2021 to Q1 2022 but then improved from Q1 2022 to Q2 2022 exceeding Q4 2021 level. |
Quick Ratio
Marathon Oil Corp., quick ratio calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Cash and cash equivalents | 1,162) | 681) | 580) | 485) | 970) | 1,125) | 742) | 1,119) | 522) | 817) | 858) | 1,165) | 961) | 1,019) | 1,462) | 1,564) | 1,667) | 1,613) | 563) | 1,795) | 2,614) | 2,490) | |||||||
| Receivables, net | 1,512) | 1,443) | 1,142) | 1,068) | 1,008) | 921) | 747) | 643) | 620) | 703) | 1,122) | 1,148) | 1,144) | 1,086) | 1,079) | 1,335) | 1,176) | 1,100) | 1,082) | 945) | 767) | 751) | |||||||
| Notes receivable | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 748) | 745) | 742) | —) | |||||||
| Total quick assets | 2,674) | 2,124) | 1,722) | 1,553) | 1,978) | 2,046) | 1,489) | 1,762) | 1,142) | 1,520) | 1,980) | 2,313) | 2,105) | 2,105) | 2,541) | 2,899) | 2,843) | 2,713) | 2,393) | 3,485) | 4,123) | 3,241) | |||||||
| Current liabilities | 2,377) | 2,021) | 1,637) | 1,676) | 1,575) | 1,899) | 1,213) | 1,566) | 1,065) | 1,442) | 1,745) | 2,379) | 2,471) | 1,858) | 1,832) | 2,142) | 2,044) | 1,909) | 1,968) | 1,762) | 2,082) | 3,099) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||
| Quick ratio1 | 1.12 | 1.05 | 1.05 | 0.93 | 1.26 | 1.08 | 1.23 | 1.13 | 1.07 | 1.05 | 1.13 | 0.97 | 0.85 | 1.13 | 1.39 | 1.35 | 1.39 | 1.42 | 1.22 | 1.98 | 1.98 | 1.05 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | 1.00 | 1.12 | 0.90 | 0.90 | 0.83 | 0.77 | 0.77 | 0.84 | 0.74 | 0.66 | 0.72 | 0.82 | 0.80 | 0.79 | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 1.34 | 1.29 | 1.10 | 1.66 | 1.86 | 1.81 | 1.98 | 2.04 | 2.29 | 1.72 | 1.93 | 2.30 | 1.35 | 1.65 | — | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 0.84 | 0.74 | 0.69 | 0.55 | 0.51 | 0.47 | 0.44 | 0.51 | 0.55 | 0.50 | 0.47 | 0.48 | 0.45 | 0.48 | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 1.08 | 1.05 | 1.22 | 1.35 | 1.39 | 0.50 | 0.39 | 0.39 | 0.47 | 0.54 | 0.58 | 0.59 | 0.59 | 0.51 | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 0.79 | 0.84 | 0.84 | 0.61 | 0.82 | 0.62 | 0.50 | 0.38 | 0.34 | 0.37 | 0.63 | 0.68 | 0.89 | 0.94 | — | — | — | — | — | — | — | — | |||||||
| Pioneer Natural Resources Co. | 1.18 | 1.40 | 1.41 | 0.54 | 0.46 | 0.67 | 1.22 | 1.26 | 0.57 | 0.70 | 0.77 | 0.62 | 0.73 | 0.86 | — | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 0.90 | 0.79 | 0.86 | 0.85 | 0.89 | 0.92 | 1.01 | 1.19 | 0.89 | 0.79 | 0.87 | 0.84 | 0.88 | 0.86 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 2,674 ÷ 2,377 = 1.12
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 deteriorated from Q4 2021 to Q1 2022 but then improved from Q1 2022 to Q2 2022 exceeding Q4 2021 level. |
Cash Ratio
Marathon Oil Corp., cash ratio calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Cash and cash equivalents | 1,162) | 681) | 580) | 485) | 970) | 1,125) | 742) | 1,119) | 522) | 817) | 858) | 1,165) | 961) | 1,019) | 1,462) | 1,564) | 1,667) | 1,613) | 563) | 1,795) | 2,614) | 2,490) | |||||||
| Total cash assets | 1,162) | 681) | 580) | 485) | 970) | 1,125) | 742) | 1,119) | 522) | 817) | 858) | 1,165) | 961) | 1,019) | 1,462) | 1,564) | 1,667) | 1,613) | 563) | 1,795) | 2,614) | 2,490) | |||||||
| Current liabilities | 2,377) | 2,021) | 1,637) | 1,676) | 1,575) | 1,899) | 1,213) | 1,566) | 1,065) | 1,442) | 1,745) | 2,379) | 2,471) | 1,858) | 1,832) | 2,142) | 2,044) | 1,909) | 1,968) | 1,762) | 2,082) | 3,099) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||
| Cash ratio1 | 0.49 | 0.34 | 0.35 | 0.29 | 0.62 | 0.59 | 0.61 | 0.71 | 0.49 | 0.57 | 0.49 | 0.49 | 0.39 | 0.55 | 0.80 | 0.73 | 0.82 | 0.84 | 0.29 | 1.02 | 1.26 | 0.80 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | 0.32 | 0.38 | 0.21 | 0.24 | 0.27 | 0.26 | 0.25 | 0.35 | 0.33 | 0.30 | 0.22 | 0.39 | 0.30 | 0.29 | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 0.67 | 0.61 | 0.55 | 1.14 | 1.31 | 1.18 | 1.46 | 1.58 | 1.92 | 1.35 | 1.45 | 1.69 | 0.95 | 1.12 | — | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 0.24 | 0.15 | 0.12 | 0.08 | 0.06 | 0.06 | 0.08 | 0.16 | 0.22 | 0.18 | 0.05 | 0.08 | 0.06 | 0.07 | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 0.47 | 0.42 | 0.61 | 0.78 | 0.88 | 0.04 | 0.03 | 0.04 | 0.09 | 0.12 | 0.09 | 0.10 | 0.08 | 0.06 | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 0.14 | 0.22 | 0.33 | 0.23 | 0.48 | 0.26 | 0.24 | 0.18 | 0.10 | 0.17 | 0.20 | 0.31 | 0.22 | 0.23 | — | — | — | — | — | — | — | — | |||||||
| Pioneer Natural Resources Co. | 0.69 | 0.80 | 1.00 | 0.17 | 0.07 | 0.28 | 0.85 | 0.86 | 0.21 | 0.43 | 0.36 | 0.27 | 0.42 | 0.51 | — | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 0.25 | 0.13 | 0.24 | 0.24 | 0.25 | 0.18 | 0.36 | 0.50 | 0.32 | 0.17 | 0.20 | 0.18 | 0.16 | 0.22 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 1,162 ÷ 2,377 = 0.49
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 deteriorated from Q4 2021 to Q1 2022 but then improved from Q1 2022 to Q2 2022 exceeding Q4 2021 level. |