Chevron (Chevron) Cash-to-Debt

: 0.40 (As of Dec. 2023)

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Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Chevron's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.40.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Chevron couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Chevron's Cash-to-Debt or its related term are showing as below:

CVX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.25 Max: 0.77
Current: 0.4

During the past 13 years, Chevron's highest Cash to Debt Ratio was 0.77. The lowest was 0.12. And the median was 0.25.

CVX's Cash-to-Debt is ranked worse than
54.6% of 1022 companies
in the Oil & Gas industry
Industry Median: 0.505 vs CVX: 0.40

Chevron Cash-to-Debt Historical Data

The historical data trend for Chevron's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Chevron Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.21

0.13

0.18

0.77

0.40

Chevron Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt																0.77	0.68	0.45	0.29	0.40

Competitive Comparison

For the Oil & Gas Integrated subindustry, Chevron's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Chevron Cash-to-Debt Distribution

For the Oil & Gas industry and Energy sector, Chevron's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Chevron's Cash-to-Debt falls into.

Chevron Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Chevron's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	8223	/	(529	+	20307)
	=	0.39

Chevron's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	8223	/	(529	+	20307)
	=	0.39

Chevron (NYSE:CVX) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Chevron Cash-to-Debt Related Terms

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Chevron (Chevron) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Chevron Corp (NYSE:CVX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CVX:Mexico 1CVX:Italy CHVd:UK 0R2Q:UK CHV:Germany CHV:Germany CHV:Germany CHV:Germany CHEV:Canada CHVX34:Brazil CVX:Austria CVX:Argentina

Address

6001 Bollinger Canyon Road, San Ramon, CA, USA, 94583-2324

Website

https://www.chevron.com

Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with production of 3.0 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.7 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the U.S. and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2022 stood at 11.2 billion barrels of oil equivalent, including 6.1 billion barrels of liquids and 30.9 trillion cubic feet of natural gas.

Executives

Pierre R Breber	officer: Vice President and President	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Jeff B Gustavson	officer: Vice President	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Alana K Knowles	officer: VP and Controller	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Rhonda J Morris	officer: Vice President	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
James William Johnson	officer: Senior Vice President	5125 DOLIVER DRIVE, HOUSTON TX 77056
Alice P Gast	director	LEHIGH UNIVERSITY, 27 MEMORIAL DRIVE WEST, BETHLEHEM PA 18015
Michael K Wirth	officer: Executive Vice President	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
R. Hewitt Pate	officer: VP and General Counsel	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Andrew Nigel Hearne	officer: Executive Vice President	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Wanda M Austin	director	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Cynthia J Warner	director	1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Joseph C Geagea	officer: Senior Vice President	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Enrique Jr Hernandez	director	INTER-CON SECURITY SYSTEMS, INC., 210 SOUTH DELACEY AVENUE, PASADENA CA 91105
David A Inchausti	officer: Vice Pres. and Comptroller	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Mark A Nelson	officer: Vice President	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583