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)
Exxon Mobil 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. | Exxon Mobil Corp. debt to equity ratio improved from 2022 to 2023 and 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. | Exxon Mobil Corp. debt to equity ratio (including operating lease liability) improved from 2022 to 2023 and from 2023 to 2024. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Exxon Mobil Corp. debt to capital ratio improved from 2022 to 2023 and 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. | Exxon Mobil Corp. debt to capital ratio (including operating lease liability) improved from 2022 to 2023 and from 2023 to 2024. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Exxon Mobil Corp. debt to assets ratio improved from 2022 to 2023 and 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. | Exxon Mobil Corp. debt to assets ratio (including operating lease liability) improved from 2022 to 2023 and from 2023 to 2024. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Exxon Mobil Corp. financial leverage ratio decreased 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. | Exxon Mobil 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. | Exxon Mobil Corp. fixed charge coverage ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Debt to Equity
Exxon Mobil 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) | ||||||
| Notes and loans payable | 4,955) | 4,090) | 634) | 4,276) | 20,458) | |
| Long-term debt, excluding due within one year | 36,755) | 37,483) | 40,559) | 43,428) | 47,182) | |
| Total debt | 41,710) | 41,573) | 41,193) | 47,704) | 67,640) | |
| Total ExxonMobil share of equity | 263,705) | 204,802) | 195,049) | 168,577) | 157,150) | |
| Solvency Ratio | ||||||
| Debt to equity1 | 0.16 | 0.20 | 0.21 | 0.28 | 0.43 | |
| Benchmarks | ||||||
| Debt to Equity, Competitors2 | ||||||
| Chevron Corp. | 0.16 | 0.13 | 0.15 | 0.23 | 0.34 | |
| ConocoPhillips | 0.38 | 0.38 | 0.35 | 0.44 | 0.51 | |
| 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 ExxonMobil share of equity
= 41,710 ÷ 263,705 = 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. | Exxon Mobil Corp. debt to equity ratio improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Equity (including Operating Lease Liability)
Exxon Mobil 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) | ||||||
| Notes and loans payable | 4,955) | 4,090) | 634) | 4,276) | 20,458) | |
| Long-term debt, excluding due within one year | 36,755) | 37,483) | 40,559) | 43,428) | 47,182) | |
| Total debt | 41,710) | 41,573) | 41,193) | 47,704) | 67,640) | |
| Operating lease liability due within one year (included in Accounts payable and accrued liabilities) | 1,852) | 1,617) | 1,527) | 1,367) | 1,168) | |
| Long-term operating lease liability (included in Other long-term obligations) | 4,626) | 4,393) | 4,067) | 3,823) | 3,994) | |
| Total debt (including operating lease liability) | 48,188) | 47,583) | 46,787) | 52,894) | 72,802) | |
| Total ExxonMobil share of equity | 263,705) | 204,802) | 195,049) | 168,577) | 157,150) | |
| Solvency Ratio | ||||||
| Debt to equity (including operating lease liability)1 | 0.18 | 0.23 | 0.24 | 0.31 | 0.46 | |
| Benchmarks | ||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||
| Chevron Corp. | 0.19 | 0.16 | 0.17 | 0.25 | 0.37 | |
| ConocoPhillips | 0.39 | 0.40 | 0.36 | 0.45 | 0.54 | |
| 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 ExxonMobil share of equity
= 48,188 ÷ 263,705 = 0.18
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. | Exxon Mobil Corp. debt to equity ratio (including operating lease liability) improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Capital
Exxon Mobil 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) | ||||||
| Notes and loans payable | 4,955) | 4,090) | 634) | 4,276) | 20,458) | |
| Long-term debt, excluding due within one year | 36,755) | 37,483) | 40,559) | 43,428) | 47,182) | |
| Total debt | 41,710) | 41,573) | 41,193) | 47,704) | 67,640) | |
| Total ExxonMobil share of equity | 263,705) | 204,802) | 195,049) | 168,577) | 157,150) | |
| Total capital | 305,415) | 246,375) | 236,242) | 216,281) | 224,790) | |
| Solvency Ratio | ||||||
| Debt to capital1 | 0.14 | 0.17 | 0.17 | 0.22 | 0.30 | |
| Benchmarks | ||||||
| Debt to Capital, Competitors2 | ||||||
| Chevron Corp. | 0.14 | 0.11 | 0.13 | 0.18 | 0.25 | |
| ConocoPhillips | 0.27 | 0.28 | 0.26 | 0.31 | 0.34 | |
| 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
= 41,710 ÷ 305,415 = 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. | Exxon Mobil Corp. debt to capital ratio improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Capital (including Operating Lease Liability)
Exxon Mobil 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) | ||||||
| Notes and loans payable | 4,955) | 4,090) | 634) | 4,276) | 20,458) | |
| Long-term debt, excluding due within one year | 36,755) | 37,483) | 40,559) | 43,428) | 47,182) | |
| Total debt | 41,710) | 41,573) | 41,193) | 47,704) | 67,640) | |
| Operating lease liability due within one year (included in Accounts payable and accrued liabilities) | 1,852) | 1,617) | 1,527) | 1,367) | 1,168) | |
| Long-term operating lease liability (included in Other long-term obligations) | 4,626) | 4,393) | 4,067) | 3,823) | 3,994) | |
| Total debt (including operating lease liability) | 48,188) | 47,583) | 46,787) | 52,894) | 72,802) | |
| Total ExxonMobil share of equity | 263,705) | 204,802) | 195,049) | 168,577) | 157,150) | |
| Total capital (including operating lease liability) | 311,893) | 252,385) | 241,836) | 221,471) | 229,952) | |
| Solvency Ratio | ||||||
| Debt to capital (including operating lease liability)1 | 0.15 | 0.19 | 0.19 | 0.24 | 0.32 | |
| Benchmarks | ||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||
| Chevron Corp. | 0.16 | 0.14 | 0.15 | 0.20 | 0.27 | |
| ConocoPhillips | 0.28 | 0.28 | 0.26 | 0.31 | 0.35 | |
| 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)
= 48,188 ÷ 311,893 = 0.15
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. | Exxon Mobil Corp. debt to capital ratio (including operating lease liability) improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Assets
Exxon Mobil 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) | ||||||
| Notes and loans payable | 4,955) | 4,090) | 634) | 4,276) | 20,458) | |
| Long-term debt, excluding due within one year | 36,755) | 37,483) | 40,559) | 43,428) | 47,182) | |
| Total debt | 41,710) | 41,573) | 41,193) | 47,704) | 67,640) | |
| Total assets | 453,475) | 376,317) | 369,067) | 338,923) | 332,750) | |
| Solvency Ratio | ||||||
| Debt to assets1 | 0.09 | 0.11 | 0.11 | 0.14 | 0.20 | |
| Benchmarks | ||||||
| Debt to Assets, Competitors2 | ||||||
| Chevron Corp. | 0.10 | 0.08 | 0.09 | 0.13 | 0.18 | |
| ConocoPhillips | 0.20 | 0.20 | 0.18 | 0.22 | 0.25 | |
| 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
= 41,710 ÷ 453,475 = 0.09
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. | Exxon Mobil Corp. debt to assets ratio improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Assets (including Operating Lease Liability)
Exxon Mobil 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) | ||||||
| Notes and loans payable | 4,955) | 4,090) | 634) | 4,276) | 20,458) | |
| Long-term debt, excluding due within one year | 36,755) | 37,483) | 40,559) | 43,428) | 47,182) | |
| Total debt | 41,710) | 41,573) | 41,193) | 47,704) | 67,640) | |
| Operating lease liability due within one year (included in Accounts payable and accrued liabilities) | 1,852) | 1,617) | 1,527) | 1,367) | 1,168) | |
| Long-term operating lease liability (included in Other long-term obligations) | 4,626) | 4,393) | 4,067) | 3,823) | 3,994) | |
| Total debt (including operating lease liability) | 48,188) | 47,583) | 46,787) | 52,894) | 72,802) | |
| Total assets | 453,475) | 376,317) | 369,067) | 338,923) | 332,750) | |
| Solvency Ratio | ||||||
| Debt to assets (including operating lease liability)1 | 0.11 | 0.13 | 0.13 | 0.16 | 0.22 | |
| Benchmarks | ||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||
| Chevron Corp. | 0.12 | 0.10 | 0.11 | 0.15 | 0.20 | |
| ConocoPhillips | 0.21 | 0.20 | 0.18 | 0.23 | 0.26 | |
| 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
= 48,188 ÷ 453,475 = 0.11
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. | Exxon Mobil Corp. debt to assets ratio (including operating lease liability) improved from 2022 to 2023 and from 2023 to 2024. |
Financial Leverage
Exxon Mobil 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 | 453,475) | 376,317) | 369,067) | 338,923) | 332,750) | |
| Total ExxonMobil share of equity | 263,705) | 204,802) | 195,049) | 168,577) | 157,150) | |
| Solvency Ratio | ||||||
| Financial leverage1 | 1.72 | 1.84 | 1.89 | 2.01 | 2.12 | |
| Benchmarks | ||||||
| Financial Leverage, Competitors2 | ||||||
| Chevron Corp. | 1.69 | 1.63 | 1.62 | 1.72 | 1.82 | |
| ConocoPhillips | 1.89 | 1.95 | 1.95 | 2.00 | 2.10 | |
| 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 ExxonMobil share of equity
= 453,475 ÷ 263,705 = 1.72
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. | Exxon Mobil Corp. financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024. |
Interest Coverage
Exxon Mobil 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 ExxonMobil | 33,680) | 36,010) | 55,740) | 23,040) | (22,440) | |
| Add: Net income attributable to noncontrolling interest | 1,383) | 1,344) | 1,837) | 558) | (811) | |
| Add: Income tax expense | 13,810) | 15,429) | 20,176) | 7,636) | (5,632) | |
| Add: Interest expense | 996) | 849) | 798) | 947) | 1,158) | |
| Earnings before interest and tax (EBIT) | 49,869) | 53,632) | 78,551) | 32,181) | (27,725) | |
| Solvency Ratio | ||||||
| Interest coverage1 | 50.07 | 63.17 | 98.43 | 33.98 | -23.94 | |
| Benchmarks | ||||||
| Interest Coverage, Competitors2 | ||||||
| Chevron Corp. | 47.31 | 64.08 | 97.27 | 31.39 | -9.69 | |
| ConocoPhillips | 18.46 | 21.88 | 36.07 | 15.38 | -2.90 | |
| 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
= 49,869 ÷ 996 = 50.07
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. | Exxon Mobil Corp. interest coverage ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Fixed Charge Coverage
Exxon Mobil 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 ExxonMobil | 33,680) | 36,010) | 55,740) | 23,040) | (22,440) | |
| Add: Net income attributable to noncontrolling interest | 1,383) | 1,344) | 1,837) | 558) | (811) | |
| Add: Income tax expense | 13,810) | 15,429) | 20,176) | 7,636) | (5,632) | |
| Add: Interest expense | 996) | 849) | 798) | 947) | 1,158) | |
| Earnings before interest and tax (EBIT) | 49,869) | 53,632) | 78,551) | 32,181) | (27,725) | |
| Add: Operating lease cost | 2,296) | 1,976) | 1,776) | 1,542) | 1,553) | |
| Earnings before fixed charges and tax | 52,165) | 55,608) | 80,327) | 33,723) | (26,172) | |
| Interest expense | 996) | 849) | 798) | 947) | 1,158) | |
| Operating lease cost | 2,296) | 1,976) | 1,776) | 1,542) | 1,553) | |
| Fixed charges | 3,292) | 2,825) | 2,574) | 2,489) | 2,711) | |
| Solvency Ratio | ||||||
| Fixed charge coverage1 | 15.85 | 19.68 | 31.21 | 13.55 | -9.65 | |
| Benchmarks | ||||||
| Fixed Charge Coverage, Competitors2 | ||||||
| Chevron Corp. | 7.81 | 9.57 | 18.28 | 8.43 | -1.29 | |
| ConocoPhillips | 13.34 | 17.14 | 28.76 | 11.94 | -1.79 | |
| 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
= 52,165 ÷ 3,292 = 15.85
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. | Exxon Mobil Corp. fixed charge coverage ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |