Exxon Mobil (Exxon Mobil) Interest Coverage

: 30.30 (As of Dec. 2023)

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Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Exxon Mobil's Operating Income for the three months ended in Dec. 2023 was USD8,241 Mil. Exxon Mobil's Interest Expense for the three months ended in Dec. 2023 was USD-272 Mil. Exxon Mobil's interest coverage for the quarter that ended in Dec. 2023 was 30.30. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Exxon Mobil's Interest Coverage or its related term are showing as below:

XOM' s Interest Coverage Range Over the Past 10 Years
Min: 2.07 Med: 27.2 Max: 119.17
Current: 51.53

XOM's Interest Coverage is ranked better than
81.13% of 763 companies
in the Oil & Gas industry
Industry Median: 6.67 vs XOM: 51.53

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Exxon Mobil Interest Coverage Historical Data

The historical data trend for Exxon Mobil's Interest Coverage 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: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Exxon Mobil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

13.89

24.53

79.63

51.53

Exxon Mobil Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage																81.08	88.31	39.30	69.10	30.30

Competitive Comparison

For the Oil & Gas Integrated subindustry, Exxon Mobil's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage Distribution

For the Oil & Gas industry and Energy sector, Exxon Mobil's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Exxon Mobil's Interest Coverage falls into.

Exxon Mobil Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Exxon Mobil's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Exxon Mobil's Interest Expense was USD-849 Mil. Its Operating Income was USD43,747 Mil. And its Long-Term Debt & Capital Lease Obligation was USD37,483 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	43747	/	-849
	=	51.53

Exxon Mobil's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Exxon Mobil's Interest Expense was USD-272 Mil. Its Operating Income was USD8,241 Mil. And its Long-Term Debt & Capital Lease Obligation was USD37,483 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	8241	/	-272
	=	30.30

The higher the ratio, the stronger the company's Financial Strength is.

Exxon Mobil (NYSE:XOM) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Exxon Mobil Interest Coverage Related Terms

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

Exxon Mobil (Exxon Mobil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Exxon Mobil Corp (NYSE:XOM) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

XOM:Peru XOM:Mexico 1XOM:Italy XONAd:UK 0R1M:UK XONA:Germany XONA:Germany XONA:Germany XONA:Germany XOM:Chile 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.

Executives

Jeffrey W Ubben	director	1170 GORGAS AVENUE, SAN FRANCISCO CA 94129
Darrin L Talley	officer: Vice President	22777 SPRINGWOODS VILLAGE PKWY, C/O EXXON MOBIL CORPORATION, SPRING TX 77389
John D Harris	director	C/O FLEXTRONICS INTERNATIONAL USA, INC., 6201 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Lawrence W Kellner	director	1600 SMITH ST., HQSEO, HOUSTON TX 77002
Leonard M. Fox	officer: Vice President and Controller	5959 LAS COLINAS BOULEVARD, C/O EXXON MOBIL CORPORATION, IRVING TX 75039-2298
James R. Chapman	officer: VP, Tax and Treasurer	120 TREDEGAR STREET, RICHMOND VA 23219
Stephen A Littleton	officer: Vice President and Secretary	5959 LAS COLINAS BOULEVARD, IRVING TX 75039-2298
Wojnar Theodore J Jr	officer: Executive Officer	5959 LAS COLINAS BOULEVARD, IRVING TX 75039-2298
Spellings James M Jr	officer: Vice Pres. & Gen. Tax Counsel	C/O EXXON MOBIL CORPORATION, 5959 LAS COLINAS BOULEVARD, IRVING TX 75039-2298
Linda D Ducharme	officer: Executive Officer	5959 LAS COLINAS BOULEVARD, IRVING TX 75039-2298
Darren W Woods	officer: Vice President	C/O EXXON MOBIL CORPORATION, 5959 LAS COLINAS BOULEVARD, IRVING TX 75039-2298
Michael J Angelakis	director	40 MORRIS AVENUE, BRYN MAWR PA 19010
Kathryn A Mikells	officer: Senior Vice President	77 W. WACKER DRIVE, CHICAGO IL 60601
Alexander Karsner	director	C/O APPLIED MATERIALS, INC., 3050 BOWERS AVENUE, P.O. BOX 58039, SANTA CLARA CA 95052-8039
Kaisa Hietala	director	5959 LAS COLINAS BOULEVARD, C/O EXXON MOBIL CORPORATION, 5959 LAS COLINAS BOULEVARD TX 75039-2298