Total Debt (Carrying Amount)
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Debt item | Description | The company |
---|---|---|
Total debt (carrying amount) | Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. | Chevron Corp. total debt decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level. |
Total Debt (Fair Value)
Dec 31, 2024 | |
---|---|
Selected Financial Data (US$ in millions) | |
Short-term debt, excluding finance lease liabilities | 12,598) |
Long-term debt, excluding due within one year and finance lease liabilities | 9,791) |
Finance lease liabilities | 604) |
Total debt (fair value) | 22,993) |
Financial Ratio | |
Debt, fair value to carrying amount ratio | 0.94 |
Based on: 10-K (reporting date: 2024-12-31).
Weighted-average Interest Rate on Debt
Weighted-average interest rate on debt: 2.91%
Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
---|---|---|---|
1.72% | 4,000) | 69) | |
2.95% | 2,250) | 66) | |
2.38% | 2,000) | 48) | |
3.85% | 600) | 23) | |
3.25% | 500) | 16) | |
2.24% | 1,500) | 34) | |
8.63% | 102) | 9) | |
8.42% | 183) | 15) | |
2.98% | 293) | 9) | |
6.00% | 397) | 24) | |
5.25% | 330) | 17) | |
5.05% | 222) | 11) | |
4.95% | 187) | 9) | |
4.20% | 237) | 10) | |
2.76% | 1,750) | 48) | |
7.25% | 60) | 4) | |
3.32% | 205) | 7) | |
6.10% | 20) | 1) | |
4.60% | 604) | 28) | |
Total | 15,440) | 449) | |
2.91% |
Based on: 10-K (reporting date: 2024-12-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × 449 ÷ 15,440 = 2.91%
Interest Costs Incurred
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Debt item | Description | The company |
---|---|---|
Interest and debt expense | Amount of the cost of borrowed funds accounted for as interest expense for debt. | Chevron Corp. interest and debt expense decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level. |
Capitalized interest | Amount of interest costs capitalized disclosed as an adjusting item to interest costs incurred. | Chevron Corp. capitalized interest increased from 2022 to 2023 and from 2023 to 2024. |
Financing interest and debt costs | Total interest costs incurred during the period and either capitalized or charged against earnings. | Chevron Corp. financing interest and debt costs decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level. |
Adjusted Interest Coverage Ratio
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
2024 Calculations
1 Interest coverage ratio (without capitalized interest) = EBIT ÷ Interest and debt expense
= 28,100 ÷ 594 = 47.31
2 Adjusted interest coverage ratio (with capitalized interest) = EBIT ÷ Financing interest and debt costs
= 28,100 ÷ 773 = 36.35
Solvency ratio | Description | The company |
---|---|---|
Adjusted interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments (including capitalized interest). | Chevron Corp. adjusted interest coverage ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |