Exxon Mobil (XSGO:XOM) Debt-to-EBITDA

: 0.56 (As of Dec. 2023)

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Debt-to-EBITDA measures a company's ability to pay off its debt.

Exxon Mobil's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,090 Mil. Exxon Mobil's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $37,483 Mil. Exxon Mobil's annualized EBITDA for the quarter that ended in Dec. 2023 was $74,548 Mil. Exxon Mobil's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.56.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

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

XSGO:XOM' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.4 Med: 0.93 Max: 3.7
Current: 0.56

During the past 13 years, the highest Debt-to-EBITDA Ratio of Exxon Mobil was 3.70. The lowest was 0.40. And the median was 0.93.

XSGO:XOM's Debt-to-EBITDA is ranked better than
78.91% of 716 companies
in the Oil & Gas industry
Industry Median: 1.74 vs XSGO:XOM: 0.56

Exxon Mobil Debt-to-EBITDA Historical Data

The historical data trend for Exxon Mobil's Debt-to-EBITDA 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.

Exxon Mobil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

1.18

3.70

0.90

0.40

0.56

Exxon Mobil Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA																0.43	0.49	0.64	0.56	0.56

Competitive Comparison

For the Oil & Gas Integrated subindustry, Exxon Mobil's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.

Exxon Mobil Debt-to-EBITDA Distribution

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

* The bar in red indicates where Exxon Mobil's Debt-to-EBITDA falls into.

Exxon Mobil Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Exxon Mobil's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(4090	+	37483)	/	74273
	=	0.56

Exxon Mobil's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(4090	+	37483)	/	74548
	=	0.56

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2023) EBITDA data.

Exxon Mobil (XSGO:XOM) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Exxon Mobil Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Exxon Mobil's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Exxon Mobil (XSGO:XOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Exxon Mobil Corp (XSGO:XOM) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

XOM:USA XOM:Peru XOM:Mexico 1XOM:Italy XONAd:UK 0R1M:UK XONA:Germany XOM:Canada EXXO34:Brazil XOM:Austria XOM:Argentina

Address

5959 Las Colinas Boulevard, Irving, TX, USA, 75039-2298

Website

https://www.exxonmobil.com

ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, it produced 2.4 million barrels of liquids and 8.3 billion cubic feet of natural gas per day. At the end of 2022, reserves were 17.7 billion barrels of oil equivalent, 65% of which were liquids. The company is the world's largest refiner with a total global refining capacity of 4.6 million barrels of oil per day and is one of the world's largest manufacturers of commodity and specialty chemicals.