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 Jun. 2022 was 0.47.
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 Jun. 2022.
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: 0.11 Med: 0.3 Max: 2.1
Current: 0.47
During the past 13 years, Chevron's highest Cash to Debt Ratio was 2.10. The lowest was 0.11. And the median was 0.30.
CVX's Cash-to-Debt is ranked worse than 51.09% of 1055
companies
in the Oil & Gas industry
Industry Median: 0.51
vs CVX: 0.47
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.
* Premium members only.
Chevron Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Cash-to-Debt
0.12
0.30
0.21
0.13
0.18
Chevron Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Cash-to-Debt
0.18
0.16
0.18
0.40
0.47
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.
* 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.
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
Thank you for viewing the detailed overview of Chevron's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.
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 3.1 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.8 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 2021 stood at 11.3 billion barrels of oil equivalent, including 6.1 billion barrels of liquids and 30.9 trillion cubic feet of natural gas.
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