Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Hess Corp., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 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).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Hess Corp. current ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Hess Corp. quick ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Hess Corp. cash ratio improved from Q1 2023 to Q2 2023 but then deteriorated significantly from Q2 2023 to Q3 2023. |
Current Ratio
Hess Corp., current ratio calculation (quarterly data)
| Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Current assets | 3,916) | 3,704) | 3,799) | 3,931) | 4,123) | 3,969) | 3,266) | 4,346) | 3,892) | 3,969) | 3,522) | 3,081) | 3,136) | 3,115) | 4,270) | 3,156) | 3,398) | 3,684) | 3,834) | 4,459) | 4,501) | 4,694) | 5,014) | |||||||
| Current liabilities | 2,996) | 2,403) | 2,308) | 2,396) | 2,312) | 2,355) | 2,303) | 3,064) | 2,749) | 2,527) | 1,690) | 1,623) | 1,426) | 1,564) | 1,947) | 2,510) | 2,344) | 2,332) | 2,271) | 2,203) | 1,958) | 1,945) | 1,904) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||||
| Current ratio1 | 1.31 | 1.54 | 1.65 | 1.64 | 1.78 | 1.69 | 1.42 | 1.42 | 1.42 | 1.57 | 2.08 | 1.90 | 2.20 | 1.99 | 2.19 | 1.26 | 1.45 | 1.58 | 1.69 | 2.02 | 2.30 | 2.41 | 2.63 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 1.25 | 1.43 | 1.43 | 1.47 | 1.40 | 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 | 1.66 | 1.41 | 1.39 | 1.46 | 1.46 | 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. | 1.42 | 1.48 | 1.46 | 1.41 | 1.34 | 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. | 1.67 | 1.84 | 1.90 | 1.76 | 1.66 | 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. | 0.92 | 1.00 | 1.09 | 1.15 | 1.10 | 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 | — | — | — | — | |||||||
| Valero Energy Corp. | 1.51 | 1.59 | 1.52 | 1.38 | 1.32 | 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: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 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).
1 Q3 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 3,916 ÷ 2,996 = 1.31
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. | Hess Corp. current ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Quick Ratio
Hess Corp., quick ratio calculation (quarterly data)
| Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Cash and cash equivalents | 2,018) | 2,226) | 2,100) | 2,486) | 2,384) | 2,159) | 1,370) | 2,713) | 2,419) | 2,430) | 1,866) | 1,739) | 1,285) | 1,646) | 2,080) | 1,545) | 1,863) | 2,208) | 2,300) | 2,694) | 3,004) | 2,908) | 3,726) | |||||||
| Accounts receivable | 1,460) | 1,019) | 1,207) | 1,162) | 1,375) | 1,406) | 1,524) | 1,211) | 1,094) | 1,002) | 1,011) | 860) | 699) | 596) | 794) | 1,170) | 1,122) | 1,060) | 1,116) | 1,001) | 1,182) | 1,075) | 997) | |||||||
| Total quick assets | 3,478) | 3,245) | 3,307) | 3,648) | 3,759) | 3,565) | 2,894) | 3,924) | 3,513) | 3,432) | 2,877) | 2,599) | 1,984) | 2,242) | 2,874) | 2,715) | 2,985) | 3,268) | 3,416) | 3,695) | 4,186) | 3,983) | 4,723) | |||||||
| Current liabilities | 2,996) | 2,403) | 2,308) | 2,396) | 2,312) | 2,355) | 2,303) | 3,064) | 2,749) | 2,527) | 1,690) | 1,623) | 1,426) | 1,564) | 1,947) | 2,510) | 2,344) | 2,332) | 2,271) | 2,203) | 1,958) | 1,945) | 1,904) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||||
| Quick ratio1 | 1.16 | 1.35 | 1.43 | 1.52 | 1.63 | 1.51 | 1.26 | 1.28 | 1.28 | 1.36 | 1.70 | 1.60 | 1.39 | 1.43 | 1.48 | 1.08 | 1.27 | 1.40 | 1.50 | 1.68 | 2.14 | 2.05 | 2.48 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 0.84 | 0.97 | 1.03 | 1.12 | 1.03 | 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 | 1.46 | 1.19 | 1.20 | 1.27 | 1.27 | 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. | 1.05 | 1.06 | 1.07 | 1.03 | 0.98 | 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. | 1.17 | 1.24 | 1.27 | 1.26 | 1.15 | 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. | 0.48 | 0.45 | 0.60 | 0.68 | 0.67 | 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 | — | — | — | — | |||||||
| Valero Energy Corp. | 1.05 | 1.07 | 0.99 | 0.96 | 0.90 | 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: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 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).
1 Q3 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 3,478 ÷ 2,996 = 1.16
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. | Hess Corp. quick ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Cash Ratio
Hess Corp., cash ratio calculation (quarterly data)
| Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Cash and cash equivalents | 2,018) | 2,226) | 2,100) | 2,486) | 2,384) | 2,159) | 1,370) | 2,713) | 2,419) | 2,430) | 1,866) | 1,739) | 1,285) | 1,646) | 2,080) | 1,545) | 1,863) | 2,208) | 2,300) | 2,694) | 3,004) | 2,908) | 3,726) | |||||||
| Total cash assets | 2,018) | 2,226) | 2,100) | 2,486) | 2,384) | 2,159) | 1,370) | 2,713) | 2,419) | 2,430) | 1,866) | 1,739) | 1,285) | 1,646) | 2,080) | 1,545) | 1,863) | 2,208) | 2,300) | 2,694) | 3,004) | 2,908) | 3,726) | |||||||
| Current liabilities | 2,996) | 2,403) | 2,308) | 2,396) | 2,312) | 2,355) | 2,303) | 3,064) | 2,749) | 2,527) | 1,690) | 1,623) | 1,426) | 1,564) | 1,947) | 2,510) | 2,344) | 2,332) | 2,271) | 2,203) | 1,958) | 1,945) | 1,904) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||||
| Cash ratio1 | 0.67 | 0.93 | 0.91 | 1.04 | 1.03 | 0.92 | 0.59 | 0.89 | 0.88 | 0.96 | 1.10 | 1.07 | 0.90 | 1.05 | 1.07 | 0.62 | 0.79 | 0.95 | 1.01 | 1.22 | 1.53 | 1.50 | 1.96 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 0.18 | 0.32 | 0.47 | 0.52 | 0.42 | 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 | 0.91 | 0.71 | 0.75 | 0.72 | 0.74 | 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. | 0.46 | 0.48 | 0.49 | 0.43 | 0.41 | 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. | 0.60 | 0.66 | 0.67 | 0.59 | 0.52 | 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. | 0.07 | 0.07 | 0.16 | 0.13 | 0.16 | 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 | — | — | — | — | |||||||
| Valero Energy Corp. | 0.33 | 0.34 | 0.36 | 0.28 | 0.23 | 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: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 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).
1 Q3 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 2,018 ÷ 2,996 = 0.67
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. | Hess Corp. cash ratio improved from Q1 2023 to Q2 2023 but then deteriorated significantly from Q2 2023 to Q3 2023. |