Analysis of Solvency Ratios
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Chevron Corp., solvency ratios
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).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Chevron Corp. debt to equity ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Chevron Corp. debt to equity ratio (including operating lease liability) improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Chevron Corp. debt to capital ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Chevron Corp. debt to capital ratio (including operating lease liability) improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Chevron Corp. debt to assets ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Chevron Corp. debt to assets ratio (including operating lease liability) improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Chevron Corp. financial leverage ratio increased from 2022 to 2023 and from 2023 to 2024. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Chevron Corp. interest coverage ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Chevron Corp. fixed charge coverage ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Debt to Equity
Chevron Corp., debt to equity calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Short-term debt | 4,406) | 529) | 1,964) | 256) | 1,548) | |
| Long-term debt, excluding debt due within one year | 20,135) | 20,307) | 21,375) | 31,113) | 42,767) | |
| Total debt | 24,541) | 20,836) | 23,339) | 31,369) | 44,315) | |
| Total Chevron Corporation stockholders’ equity | 152,318) | 160,957) | 159,282) | 139,067) | 131,688) | |
| Solvency Ratio | ||||||
| Debt to equity1 | 0.16 | 0.13 | 0.15 | 0.23 | 0.34 | |
| Benchmarks | ||||||
| Debt to Equity, Competitors2 | ||||||
| ConocoPhillips | 0.38 | 0.38 | 0.35 | 0.44 | 0.51 | |
| Exxon Mobil Corp. | 0.16 | 0.20 | 0.21 | 0.28 | 0.43 | |
| Occidental Petroleum Corp. | 0.76 | 0.65 | 0.66 | 1.46 | 1.95 | |
| Debt to Equity, Sector | ||||||
| Oil, Gas & Consumable Fuels | 0.23 | 0.23 | 0.23 | 0.34 | 0.48 | |
| Debt to Equity, Industry | ||||||
| Energy | 0.24 | 0.24 | 0.25 | 0.37 | 0.52 | |
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).
1 2024 Calculation
Debt to equity = Total debt ÷ Total Chevron Corporation stockholders’ equity
= 24,541 ÷ 152,318 = 0.16
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Chevron Corp. debt to equity ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Debt to Equity (including Operating Lease Liability)
Chevron Corp., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Short-term debt | 4,406) | 529) | 1,964) | 256) | 1,548) | |
| Long-term debt, excluding debt due within one year | 20,135) | 20,307) | 21,375) | 31,113) | 42,767) | |
| Total debt | 24,541) | 20,836) | 23,339) | 31,369) | 44,315) | |
| Current lease liabilities, operating leases (included in Accrued liabilities) | 1,519) | 1,538) | 1,111) | 995) | 1,291) | |
| Noncurrent lease liabilities, operating leases (included in Deferred credits and other noncurrent obligations) | 3,551) | 3,696) | 2,920) | 2,508) | 2,615) | |
| Total debt (including operating lease liability) | 29,611) | 26,070) | 27,370) | 34,872) | 48,221) | |
| Total Chevron Corporation stockholders’ equity | 152,318) | 160,957) | 159,282) | 139,067) | 131,688) | |
| Solvency Ratio | ||||||
| Debt to equity (including operating lease liability)1 | 0.19 | 0.16 | 0.17 | 0.25 | 0.37 | |
| Benchmarks | ||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||
| ConocoPhillips | 0.39 | 0.40 | 0.36 | 0.45 | 0.54 | |
| Exxon Mobil Corp. | 0.18 | 0.23 | 0.24 | 0.31 | 0.46 | |
| Occidental Petroleum Corp. | 0.79 | 0.69 | 0.69 | 1.49 | 2.01 | |
| Debt to Equity (including Operating Lease Liability), Sector | ||||||
| Oil, Gas & Consumable Fuels | 0.25 | 0.26 | 0.26 | 0.37 | 0.52 | |
| Debt to Equity (including Operating Lease Liability), Industry | ||||||
| Energy | 0.27 | 0.27 | 0.28 | 0.40 | 0.55 | |
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).
1 2024 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Total Chevron Corporation stockholders’ equity
= 29,611 ÷ 152,318 = 0.19
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Chevron Corp. debt to equity ratio (including operating lease liability) improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Debt to Capital
Chevron Corp., debt to capital calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Short-term debt | 4,406) | 529) | 1,964) | 256) | 1,548) | |
| Long-term debt, excluding debt due within one year | 20,135) | 20,307) | 21,375) | 31,113) | 42,767) | |
| Total debt | 24,541) | 20,836) | 23,339) | 31,369) | 44,315) | |
| Total Chevron Corporation stockholders’ equity | 152,318) | 160,957) | 159,282) | 139,067) | 131,688) | |
| Total capital | 176,859) | 181,793) | 182,621) | 170,436) | 176,003) | |
| Solvency Ratio | ||||||
| Debt to capital1 | 0.14 | 0.11 | 0.13 | 0.18 | 0.25 | |
| Benchmarks | ||||||
| Debt to Capital, Competitors2 | ||||||
| ConocoPhillips | 0.27 | 0.28 | 0.26 | 0.31 | 0.34 | |
| Exxon Mobil Corp. | 0.14 | 0.17 | 0.17 | 0.22 | 0.30 | |
| Occidental Petroleum Corp. | 0.43 | 0.39 | 0.40 | 0.59 | 0.66 | |
| Debt to Capital, Sector | ||||||
| Oil, Gas & Consumable Fuels | 0.18 | 0.19 | 0.19 | 0.26 | 0.33 | |
| Debt to Capital, Industry | ||||||
| Energy | 0.19 | 0.20 | 0.20 | 0.27 | 0.34 | |
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).
1 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 24,541 ÷ 176,859 = 0.14
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Chevron Corp. debt to capital ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Debt to Capital (including Operating Lease Liability)
Chevron Corp., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Short-term debt | 4,406) | 529) | 1,964) | 256) | 1,548) | |
| Long-term debt, excluding debt due within one year | 20,135) | 20,307) | 21,375) | 31,113) | 42,767) | |
| Total debt | 24,541) | 20,836) | 23,339) | 31,369) | 44,315) | |
| Current lease liabilities, operating leases (included in Accrued liabilities) | 1,519) | 1,538) | 1,111) | 995) | 1,291) | |
| Noncurrent lease liabilities, operating leases (included in Deferred credits and other noncurrent obligations) | 3,551) | 3,696) | 2,920) | 2,508) | 2,615) | |
| Total debt (including operating lease liability) | 29,611) | 26,070) | 27,370) | 34,872) | 48,221) | |
| Total Chevron Corporation stockholders’ equity | 152,318) | 160,957) | 159,282) | 139,067) | 131,688) | |
| Total capital (including operating lease liability) | 181,929) | 187,027) | 186,652) | 173,939) | 179,909) | |
| Solvency Ratio | ||||||
| Debt to capital (including operating lease liability)1 | 0.16 | 0.14 | 0.15 | 0.20 | 0.27 | |
| Benchmarks | ||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||
| ConocoPhillips | 0.28 | 0.28 | 0.26 | 0.31 | 0.35 | |
| Exxon Mobil Corp. | 0.15 | 0.19 | 0.19 | 0.24 | 0.32 | |
| Occidental Petroleum Corp. | 0.44 | 0.41 | 0.41 | 0.60 | 0.67 | |
| Debt to Capital (including Operating Lease Liability), Sector | ||||||
| Oil, Gas & Consumable Fuels | 0.20 | 0.20 | 0.21 | 0.27 | 0.34 | |
| Debt to Capital (including Operating Lease Liability), Industry | ||||||
| Energy | 0.21 | 0.21 | 0.22 | 0.28 | 0.36 | |
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).
1 2024 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 29,611 ÷ 181,929 = 0.16
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Chevron Corp. debt to capital ratio (including operating lease liability) improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Debt to Assets
Chevron Corp., debt to assets calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Short-term debt | 4,406) | 529) | 1,964) | 256) | 1,548) | |
| Long-term debt, excluding debt due within one year | 20,135) | 20,307) | 21,375) | 31,113) | 42,767) | |
| Total debt | 24,541) | 20,836) | 23,339) | 31,369) | 44,315) | |
| Total assets | 256,938) | 261,632) | 257,709) | 239,535) | 239,790) | |
| Solvency Ratio | ||||||
| Debt to assets1 | 0.10 | 0.08 | 0.09 | 0.13 | 0.18 | |
| Benchmarks | ||||||
| Debt to Assets, Competitors2 | ||||||
| ConocoPhillips | 0.20 | 0.20 | 0.18 | 0.22 | 0.25 | |
| Exxon Mobil Corp. | 0.09 | 0.11 | 0.11 | 0.14 | 0.20 | |
| Occidental Petroleum Corp. | 0.31 | 0.27 | 0.27 | 0.39 | 0.45 | |
| Debt to Assets, Sector | ||||||
| Oil, Gas & Consumable Fuels | 0.13 | 0.13 | 0.13 | 0.17 | 0.23 | |
| Debt to Assets, Industry | ||||||
| Energy | 0.13 | 0.13 | 0.14 | 0.18 | 0.24 | |
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).
1 2024 Calculation
Debt to assets = Total debt ÷ Total assets
= 24,541 ÷ 256,938 = 0.10
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Chevron Corp. debt to assets ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Debt to Assets (including Operating Lease Liability)
Chevron Corp., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Short-term debt | 4,406) | 529) | 1,964) | 256) | 1,548) | |
| Long-term debt, excluding debt due within one year | 20,135) | 20,307) | 21,375) | 31,113) | 42,767) | |
| Total debt | 24,541) | 20,836) | 23,339) | 31,369) | 44,315) | |
| Current lease liabilities, operating leases (included in Accrued liabilities) | 1,519) | 1,538) | 1,111) | 995) | 1,291) | |
| Noncurrent lease liabilities, operating leases (included in Deferred credits and other noncurrent obligations) | 3,551) | 3,696) | 2,920) | 2,508) | 2,615) | |
| Total debt (including operating lease liability) | 29,611) | 26,070) | 27,370) | 34,872) | 48,221) | |
| Total assets | 256,938) | 261,632) | 257,709) | 239,535) | 239,790) | |
| Solvency Ratio | ||||||
| Debt to assets (including operating lease liability)1 | 0.12 | 0.10 | 0.11 | 0.15 | 0.20 | |
| Benchmarks | ||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||
| ConocoPhillips | 0.21 | 0.20 | 0.18 | 0.23 | 0.26 | |
| Exxon Mobil Corp. | 0.11 | 0.13 | 0.13 | 0.16 | 0.22 | |
| Occidental Petroleum Corp. | 0.32 | 0.28 | 0.29 | 0.40 | 0.47 | |
| Debt to Assets (including Operating Lease Liability), Sector | ||||||
| Oil, Gas & Consumable Fuels | 0.14 | 0.14 | 0.14 | 0.19 | 0.24 | |
| Debt to Assets (including Operating Lease Liability), Industry | ||||||
| Energy | 0.15 | 0.15 | 0.15 | 0.20 | 0.25 | |
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).
1 2024 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 29,611 ÷ 256,938 = 0.12
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Chevron Corp. debt to assets ratio (including operating lease liability) improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Financial Leverage
Chevron Corp., financial leverage calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Total assets | 256,938) | 261,632) | 257,709) | 239,535) | 239,790) | |
| Total Chevron Corporation stockholders’ equity | 152,318) | 160,957) | 159,282) | 139,067) | 131,688) | |
| Solvency Ratio | ||||||
| Financial leverage1 | 1.69 | 1.63 | 1.62 | 1.72 | 1.82 | |
| Benchmarks | ||||||
| Financial Leverage, Competitors2 | ||||||
| ConocoPhillips | 1.89 | 1.95 | 1.95 | 2.00 | 2.10 | |
| Exxon Mobil Corp. | 1.72 | 1.84 | 1.89 | 2.01 | 2.12 | |
| Occidental Petroleum Corp. | 2.50 | 2.45 | 2.41 | 3.69 | 4.31 | |
| Financial Leverage, Sector | ||||||
| Oil, Gas & Consumable Fuels | 1.78 | 1.81 | 1.83 | 1.99 | 2.12 | |
| Financial Leverage, Industry | ||||||
| Energy | 1.80 | 1.84 | 1.86 | 2.02 | 2.17 | |
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).
1 2024 Calculation
Financial leverage = Total assets ÷ Total Chevron Corporation stockholders’ equity
= 256,938 ÷ 152,318 = 1.69
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Chevron Corp. financial leverage ratio increased from 2022 to 2023 and from 2023 to 2024. |
Interest Coverage
Chevron Corp., interest coverage calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income (loss) attributable to Chevron Corporation | 17,661) | 21,369) | 35,465) | 15,625) | (5,543) | |
| Add: Net income attributable to noncontrolling interest | 88) | 42) | 143) | 64) | (18) | |
| Add: Income tax expense | 9,757) | 8,173) | 14,066) | 5,950) | (1,892) | |
| Add: Interest and debt expense | 594) | 469) | 516) | 712) | 697) | |
| Earnings before interest and tax (EBIT) | 28,100) | 30,053) | 50,190) | 22,351) | (6,756) | |
| Solvency Ratio | ||||||
| Interest coverage1 | 47.31 | 64.08 | 97.27 | 31.39 | -9.69 | |
| Benchmarks | ||||||
| Interest Coverage, Competitors2 | ||||||
| ConocoPhillips | 18.46 | 21.88 | 36.07 | 15.38 | -2.90 | |
| Exxon Mobil Corp. | 50.07 | 63.17 | 98.43 | 33.98 | -23.94 | |
| Occidental Petroleum Corp. | 4.46 | 7.80 | 14.71 | 3.30 | -10.03 | |
| Interest Coverage, Sector | ||||||
| Oil, Gas & Consumable Fuels | 27.53 | 35.53 | 54.91 | 17.67 | -12.51 | |
| Interest Coverage, Industry | ||||||
| Energy | 25.58 | 32.12 | 48.83 | 16.26 | -13.30 | |
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).
1 2024 Calculation
Interest coverage = EBIT ÷ Interest expense
= 28,100 ÷ 594 = 47.31
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Chevron Corp. interest coverage ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Fixed Charge Coverage
Chevron Corp., fixed charge coverage calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income (loss) attributable to Chevron Corporation | 17,661) | 21,369) | 35,465) | 15,625) | (5,543) | |
| Add: Net income attributable to noncontrolling interest | 88) | 42) | 143) | 64) | (18) | |
| Add: Income tax expense | 9,757) | 8,173) | 14,066) | 5,950) | (1,892) | |
| Add: Interest and debt expense | 594) | 469) | 516) | 712) | 697) | |
| Earnings before interest and tax (EBIT) | 28,100) | 30,053) | 50,190) | 22,351) | (6,756) | |
| Add: Operating lease costs | 3,447) | 2,984) | 2,359) | 2,199) | 2,551) | |
| Earnings before fixed charges and tax | 31,547) | 33,037) | 52,549) | 24,550) | (4,205) | |
| Interest and debt expense | 594) | 469) | 516) | 712) | 697) | |
| Operating lease costs | 3,447) | 2,984) | 2,359) | 2,199) | 2,551) | |
| Fixed charges | 4,041) | 3,453) | 2,875) | 2,911) | 3,248) | |
| Solvency Ratio | ||||||
| Fixed charge coverage1 | 7.81 | 9.57 | 18.28 | 8.43 | -1.29 | |
| Benchmarks | ||||||
| Fixed Charge Coverage, Competitors2 | ||||||
| ConocoPhillips | 13.34 | 17.14 | 28.76 | 11.94 | -1.79 | |
| Exxon Mobil Corp. | 15.85 | 19.68 | 31.21 | 13.55 | -9.65 | |
| Occidental Petroleum Corp. | 2.26 | 3.09 | 6.42 | 1.78 | -4.00 | |
| Fixed Charge Coverage, Sector | ||||||
| Oil, Gas & Consumable Fuels | 9.48 | 11.61 | 20.00 | 7.82 | -4.39 | |
| Fixed Charge Coverage, Industry | ||||||
| Energy | 8.67 | 10.33 | 17.37 | 7.02 | -4.45 | |
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).
1 2024 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 31,547 ÷ 4,041 = 7.81
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Chevron Corp. fixed charge coverage ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |