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Exxon Mobil Altman Z-Score

: 2.97 (As of Today)
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Warning Sign:

Altman Z-score of 2.97 is in grey area. The implies that the company is in some kind of financial stress. If it is below 1.8, the company may faces bankrupcy risk.

Exxon Mobil has a Altman Z-Score of 2.97, indicating it is in Grey Zones. This implies that Exxon Mobil is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for Exxon Mobil's Altman Z-Score or its related term are showing as below:

NYSE:XOM' s Altman Z-Score Range Over the Past 10 Years
Min: 2.46   Med: 4.28   Max: 7.18
Current: 2.97

2.46
7.18

During the past 13 years, Exxon Mobil's highest Altman Z-Score was 7.18. The lowest was 2.46. And the median was 4.28.


Exxon Mobil Altman Z-Score Historical Data

The historical data trend for Exxon Mobil's Altman Z-Score 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 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Altman Z-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.83 3.87 3.96 3.56 2.46

Exxon Mobil Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Altman Z-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.92 2.67 2.46 2.71 2.97

Competitive Comparison

For the Oil & Gas Integrated subindustry, Exxon Mobil's Altman Z-Score, along with its competitors' market caps and Altman Z-Score 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 Altman Z-Score Distribution

For the Oil & Gas industry and Energy sector, Exxon Mobil's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Exxon Mobil's Altman Z-Score falls into.



Exxon Mobil Altman Z-Score Calculation

Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

Exxon Mobil's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*-0.0279+1.4*1.1383+3.3*-0.0474+0.6*1.5422+1.0*0.6364
=2.97

* 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. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Jun. 2021:
Total Assets was $337,289 Mil.
Total Current Assets was $52,842 Mil.
Total Current Liabilities was $62,238 Mil.
Retained Earnings was $383,922 Mil.
Pre-Tax Income was 6307 + 3592 + -26613 + -372 = $-17,086 Mil.
Interest Expense was -254 + -258 + -313 + -279 = $-1,104 Mil.
Revenue was 65943 + 57552 + 45738 + 45425 = $214,658 Mil.
Market Cap (Today) was $264,852 Mil.
Total Liabilities was $171,733 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(52842 - 62238)/337289
=-0.0279

X2=Retained Earnings/Total Assets
=383922/337289
=1.1383

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-17086 - -1104)/337289
=-0.0474

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=264851.696/171733
=1.5422

X5=Revenue/Total Assets
=214658/337289
=0.6364

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Exxon Mobil has a Altman Z-Score of 2.97 indicating it is in Grey Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.


Exxon Mobil  (NYSE:XOM) Altman Z-Score Explanation

X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.

X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.

X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.

X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Exxon Mobil Altman Z-Score Related Terms

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


Exxon Mobil Business Description

Exxon Mobil logo
Industry
Energy » Oil & Gas NAICS : 211120 SIC : 1311
Address
5959 Las Colinas Boulevard, Irving, TX, USA, 75039-2298
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2020, it produced 2.3 million barrels of liquids and 8.5 billion cubic feet of natural gas per day. At the end of 2019, reserves were 15.2 billion barrels of oil equivalent, 58% of which were liquids. The company is the world's largest refiner with a total global refining capacity of 4.8 million barrels of oil per day and one of the world's largest manufacturers of commodity and specialty chemicals.
Executives
Milton Bryan W officer: Vice President 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Carr Ian S officer: Vice President 5959 LAS COLINAS BOULEVARD C/O EXXON MOBIL CORPORATION IRVING TX 75039-2298
Greenlee Stephen M officer: Vice President C/O EXXON MOBIL CORPORATION 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Reinemund Steven director 700 ANDERSON HILL RD PURCHASE NY 10577
Schleckser Robert N officer: Vice President and Treasurer 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Swiger Andrew P officer: Senior Vice President C/O EXXON MOBIL CORPORATION 5959 LAS COLINAS BLVD. IRVING TX 75039-2298
Duffin Neil W officer: Vice President C/O EXXON MOBIL CORPORATION 5959 LAS COLINAS BLVD. IRVING TX 75039-2298
Ebner Randall M officer: Vice President & Gen. Counsel 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Littleton Stephen A officer: Vice President and Secretary 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Hansen Neil A officer: Vice President and Secretary 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Weldon William C director 100 ALBANY STREET SUITE #200 NEW BRUNSWICK NJ 08901
Woods Darren W director, officer: Chairman and CEO C/O EXXON MOBIL CORPORATION 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Oberhelman Douglas R director 100 NE ADAMS STREET PEORIA IL 61629
Avery Susan K director 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Kandarian Steven A director METLIFE 200 PARK AVENUE NEW YORK NY 10166

Exxon Mobil Headlines

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