Question: How is the Days Payable Outstanding (DPO) calculated for Honeywell International Inc. for Q1 2024?

Method 1: The Days Payable Outstanding (DPO) for Honeywell International Inc. for the three months ended March 31, 2024, is calculated as follows:
DPO = (Accounts Payable / Cost of Goods Sold) * Number of Days
Accounts Payable = $6,468 million
Cost of Goods Sold = $5,583 million
Number of Days = 90 (assuming a 3-month period)
DPO = (6,468 / 5,583) * 90 = 104.3 days
Method 2: The Days Payable Outstanding (DPO) for Honeywell International Inc. for the three months ended March 31, 2024, is calculated as follows:
DPO = (Average Accounts Payable / Cost of Goods Sold) * Number of Days

Step 1: Calculate Average Accounts Payable

Accounts Payable at the beginning of the period (December 31, 2023): $6,849 million
Accounts Payable at the end of the period (March 31, 2024): $6,468 million
Average Accounts Payable = ($6,849 + $6,468) / 2 = $6,658.5 million
Step 2: Calculate Cost of Goods Sold (COGS)

Cost of Products Sold for Q1 2024: $4,035 million
Cost of Services Sold for Q1 2024: $1,548 million
Total COGS = $4,035 million + $1,548 million = $5,583 million
Step 3: Calculate Days Payable Outstanding (DPO)
Number of Days = 90
DPO = (6,658.5 / 5,583) * 90 = 1.192 * 90 ≈ 107.28 days

HONEYWELL INTERNATIONAL INC 10-Q form for quarterly period ended 2024-03-31, page 3:
TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION

The financial statements and related notes as of March 31, 2024, should be read in conjunction with the financial statements for the year ended December 31, 2023, contained in the Company's 2023 Annual Report on Form 10-K.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED STATEMENT OF OPERATIONS

(Unaudited)
|    |                                                          |                              |      |                                                 |       |       |    |       |
|---:|:---------------------------------------------------------|:-----------------------------|:-----|:------------------------------------------------|:------|:------|:---|:------|
|  1 |                                                          | Three Months Ended March 31, |      |                                                 |       |       |    |       |
|  2 |                                                          |                              | 2024 |                                                 | 2023  |       |    |       |
|  3 |                                                          |                              |      | (Dollars in millions, except per share amounts) |       |       |    |       |
|  4 | Product sales                                            |                              |      | $                                               | 6,263 |       | $  | 6,310 |
|  5 | Service sales                                            |                              |      | 2,842                                           |       | 2,554 |    |       |
|  6 | Net sales                                                |                              |      | 9,105                                           |       | 8,864 |    |       |
|  7 | Costs, expenses and other                                |                              |      |                                                 |       |       |    |       |
|  8 | Cost of products sold                                    |                              |      | 4,035                                           |       | 4,068 |    |       |
|  9 | Cost of services sold                                    |                              |      | 1,548                                           |       | 1,430 |    |       |
| 10 | Total Cost of products and services sold                 |                              |      | 5,583                                           |       | 5,498 |    |       |
| 11 | Research and development expenses                        |                              |      | 360                                             |       | 357   |    |       |
| 12 | Selling, general and administrative expenses             |                              |      | 1,302                                           |       | 1,317 |    |       |
| 13 | Other (income) expense                                   |                              |      | (231)                                           |       | (260) |    |       |
| 14 | Interest and other financial charges                     |                              |      | 220                                             |       | 170   |    |       |
| 15 | Total costs, expenses and other                          |                              |      | 7,234                                           |       | 7,082 |    |       |
| 16 | Income before taxes                                      |                              |      | 1,871                                           |       | 1,782 |    |       |
| 17 | Tax expense                                              |                              |      | 396                                             |       | 374   |    |       |
| 18 | Net income                                               |                              |      | 1,475                                           |       | 1,408 |    |       |
| 19 | Less: Net income attributable to noncontrolling interest |                              |      | 12                                              |       | 14    |    |       |
| 20 | Net income attributable to Honeywell                     |                              |      | $                                               | 1,463 |       | $  | 1,394 |
| 21 | Earnings per share of common stock-basic                 |                              |      | $                                               | 2.24  |       | $  | 2.09  |
| 22 | Earnings per share of common stock-assuming dilution     |                              |      | $                                               | 2.23  |       | $  | 2.07  |

The Notes to Consolidated Financial Statements are an integral part of this statement.

3    Honeywell International Inc.

, HONEYWELL INTERNATIONAL INC 10-Q form for quarterly period ended 2024-03-31, page 5:
TABLE OF CONTENTS

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED BALANCE SHEET

(Unaudited)
|    |                                                                               |                       |        |                   |          |    |        |
|---:|:------------------------------------------------------------------------------|:----------------------|:-------|:------------------|:---------|:---|:-------|
|  1 |                                                                               | March 31, 2024        |        | December 31, 2023 |          |    |        |
|  2 |                                                                               | (Dollars in millions) |        |                   |          |    |        |
|  3 | ASSETS                                                                        |                       |        |                   |          |    |        |
|  4 | Current assets                                                                |                       |        |                   |          |    |        |
|  5 | Cash and cash equivalents                                                     | $                     | 11,756 |                   |          | $  | 7,925  |
|  6 | Short-term investments                                                        | 249                   |        |                   | 170      |    |        |
|  7 | Accounts receivable, less allowances of $324 and $323, respectively           | 7,476                 |        |                   | 7,530    |    |        |
|  8 | Inventories                                                                   | 6,318                 |        |                   | 6,178    |    |        |
|  9 | Other current assets                                                          | 1,635                 |        |                   | 1,699    |    |        |
| 10 | Total current assets                                                          | 27,434                |        |                   | 23,502   |    |        |
| 11 | Investments and long-term receivables                                         | 975                   |        |                   | 939      |    |        |
| 12 | Property, plant and equipment-net                                             | 5,698                 |        |                   | 5,660    |    |        |
| 13 | Goodwill                                                                      | 17,985                |        |                   | 18,049   |    |        |
| 14 | Other intangible assets-net                                                   | 3,136                 |        |                   | 3,231    |    |        |
| 15 | Insurance recoveries for asbestos-related liabilities                         | 164                   |        |                   | 170      |    |        |
| 16 | Deferred income taxes                                                         | 374                   |        |                   | 392      |    |        |
| 17 | Other assets                                                                  | 9,879                 |        |                   | 9,582    |    |        |
| 18 | Total assets                                                                  | $                     | 65,645 |                   |          | $  | 61,525 |
| 19 | LIABILITIES                                                                   |                       |        |                   |          |    |        |
| 20 | Current liabilities                                                           |                       |        |                   |          |    |        |
| 21 | Accounts payable                                                              | $                     | 6,468  |                   |          | $  | 6,849  |
| 22 | Commercial paper and other short-term borrowings                              | 1,819                 |        |                   | 2,085    |    |        |
| 23 | Current maturities of long-term debt                                          | 1,254                 |        |                   | 1,796    |    |        |
| 24 | Accrued liabilities                                                           | 6,947                 |        |                   | 7,809    |    |        |
| 25 | Total current liabilities                                                     | 16,488                |        |                   | 18,539   |    |        |
| 26 | Long-term debt                                                                | 22,183                |        |                   | 16,562   |    |        |
| 27 | Deferred income taxes                                                         | 2,063                 |        |                   | 2,094    |    |        |
| 28 | Postretirement benefit obligations other than pensions                        | 129                   |        |                   | 134      |    |        |
| 29 | Asbestos-related liabilities                                                  | 1,467                 |        |                   | 1,490    |    |        |
| 30 | Other liabilities                                                             | 6,263                 |        |                   | 6,265    |    |        |
| 31 | Redeemable noncontrolling interest                                            | 7                     |        |                   | 7        |    |        |
| 32 | SHAREOWNERS' EQUITY                                                           |                       |        |                   |          |    |        |
| 33 | Capital-common stock issued                                                   | 958                   |        |                   | 958      |    |        |
| 34 | -additional paid-in capital                                                   | 9,353                 |        |                   | 9,062    |    |        |
| 35 | Common stock held in treasury, at cost                                        | (38,544)              |        |                   | (38,008) |    |        |
| 36 | Accumulated other comprehensive income (loss)                                 | (4,048)               |        |                   | (4,135)  |    |        |
| 37 | Retained earnings                                                             | 48,735                |        |                   | 47,979   |    |        |
| 38 | Total Honeywell shareowners' equity                                           | 16,454                |        |                   | 15,856   |    |        |
| 39 | Noncontrolling interest                                                       | 591                   |        |                   | 578      |    |        |
| 40 | Total shareowners' equity                                                     | 17,045                |        |                   | 16,434   |    |        |
| 41 | Total liabilities, redeemable noncontrolling interest and shareowners' equity | $                     | 65,645 |                   |          | $  | 61,525 |

The Notes to Consolidated Financial Statements are an integral part of this statement.

5    Honeywell International Inc.

TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION

The financial statements and related notes as of March 31, 2024, should be read in conjunction with the financial statements for the year ended December 31, 2023, contained in the Company's 2023 Annual Report on Form 10-K.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED STATEMENT OF OPERATIONS

(Unaudited)
|    |                                                          |                              |      |                                                 |       |       |    |       |
|---:|:---------------------------------------------------------|:-----------------------------|:-----|:------------------------------------------------|:------|:------|:---|:------|
|  1 |                                                          | Three Months Ended March 31, |      |                                                 |       |       |    |       |
|  2 |                                                          |                              | 2024 |                                                 | 2023  |       |    |       |
|  3 |                                                          |                              |      | (Dollars in millions, except per share amounts) |       |       |    |       |
|  4 | Product sales                                            |                              |      | $                                               | 6,263 |       | $  | 6,310 |
|  5 | Service sales                                            |                              |      | 2,842                                           |       | 2,554 |    |       |
|  6 | Net sales                                                |                              |      | 9,105                                           |       | 8,864 |    |       |
|  7 | Costs, expenses and other                                |                              |      |                                                 |       |       |    |       |
|  8 | Cost of products sold                                    |                              |      | 4,035                                           |       | 4,068 |    |       |
|  9 | Cost of services sold                                    |                              |      | 1,548                                           |       | 1,430 |    |       |
| 10 | Total Cost of products and services sold                 |                              |      | 5,583                                           |       | 5,498 |    |       |
| 11 | Research and development expenses                        |                              |      | 360                                             |       | 357   |    |       |
| 12 | Selling, general and administrative expenses             |                              |      | 1,302                                           |       | 1,317 |    |       |
| 13 | Other (income) expense                                   |                              |      | (231)                                           |       | (260) |    |       |
| 14 | Interest and other financial charges                     |                              |      | 220                                             |       | 170   |    |       |
| 15 | Total costs, expenses and other                          |                              |      | 7,234                                           |       | 7,082 |    |       |
| 16 | Income before taxes                                      |                              |      | 1,871                                           |       | 1,782 |    |       |
| 17 | Tax expense                                              |                              |      | 396                                             |       | 374   |    |       |
| 18 | Net income                                               |                              |      | 1,475                                           |       | 1,408 |    |       |
| 19 | Less: Net income attributable to noncontrolling interest |                              |      | 12                                              |       | 14    |    |       |
| 20 | Net income attributable to Honeywell                     |                              |      | $                                               | 1,463 |       | $  | 1,394 |
| 21 | Earnings per share of common stock-basic                 |                              |      | $                                               | 2.24  |       | $  | 2.09  |
| 22 | Earnings per share of common stock-assuming dilution     |                              |      | $                                               | 2.23  |       | $  | 2.07  |

The Notes to Consolidated Financial Statements are an integral part of this statement.

3    Honeywell International Inc.

,
TABLE OF CONTENTS

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED BALANCE SHEET

(Unaudited)
|    |                                                                               |                       |        |                   |          |    |        |
|---:|:------------------------------------------------------------------------------|:----------------------|:-------|:------------------|:---------|:---|:-------|
|  1 |                                                                               | March 31, 2024        |        | December 31, 2023 |          |    |        |
|  2 |                                                                               | (Dollars in millions) |        |                   |          |    |        |
|  3 | ASSETS                                                                        |                       |        |                   |          |    |        |
|  4 | Current assets                                                                |                       |        |                   |          |    |        |
|  5 | Cash and cash equivalents                                                     | $                     | 11,756 |                   |          | $  | 7,925  |
|  6 | Short-term investments                                                        | 249                   |        |                   | 170      |    |        |
|  7 | Accounts receivable, less allowances of $324 and $323, respectively           | 7,476                 |        |                   | 7,530    |    |        |
|  8 | Inventories                                                                   | 6,318                 |        |                   | 6,178    |    |        |
|  9 | Other current assets                                                          | 1,635                 |        |                   | 1,699    |    |        |
| 10 | Total current assets                                                          | 27,434                |        |                   | 23,502   |    |        |
| 11 | Investments and long-term receivables                                         | 975                   |        |                   | 939      |    |        |
| 12 | Property, plant and equipment-net                                             | 5,698                 |        |                   | 5,660    |    |        |
| 13 | Goodwill                                                                      | 17,985                |        |                   | 18,049   |    |        |
| 14 | Other intangible assets-net                                                   | 3,136                 |        |                   | 3,231    |    |        |
| 15 | Insurance recoveries for asbestos-related liabilities                         | 164                   |        |                   | 170      |    |        |
| 16 | Deferred income taxes                                                         | 374                   |        |                   | 392      |    |        |
| 17 | Other assets                                                                  | 9,879                 |        |                   | 9,582    |    |        |
| 18 | Total assets                                                                  | $                     | 65,645 |                   |          | $  | 61,525 |
| 19 | LIABILITIES                                                                   |                       |        |                   |          |    |        |
| 20 | Current liabilities                                                           |                       |        |                   |          |    |        |
| 21 | Accounts payable                                                              | $                     | 6,468  |                   |          | $  | 6,849  |
| 22 | Commercial paper and other short-term borrowings                              | 1,819                 |        |                   | 2,085    |    |        |
| 23 | Current maturities of long-term debt                                          | 1,254                 |        |                   | 1,796    |    |        |
| 24 | Accrued liabilities                                                           | 6,947                 |        |                   | 7,809    |    |        |
| 25 | Total current liabilities                                                     | 16,488                |        |                   | 18,539   |    |        |
| 26 | Long-term debt                                                                | 22,183                |        |                   | 16,562   |    |        |
| 27 | Deferred income taxes                                                         | 2,063                 |        |                   | 2,094    |    |        |
| 28 | Postretirement benefit obligations other than pensions                        | 129                   |        |                   | 134      |    |        |
| 29 | Asbestos-related liabilities                                                  | 1,467                 |        |                   | 1,490    |    |        |
| 30 | Other liabilities                                                             | 6,263                 |        |                   | 6,265    |    |        |
| 31 | Redeemable noncontrolling interest                                            | 7                     |        |                   | 7        |    |        |
| 32 | SHAREOWNERS' EQUITY                                                           |                       |        |                   |          |    |        |
| 33 | Capital-common stock issued                                                   | 958                   |        |                   | 958      |    |        |
| 34 | -additional paid-in capital                                                   | 9,353                 |        |                   | 9,062    |    |        |
| 35 | Common stock held in treasury, at cost                                        | (38,544)              |        |                   | (38,008) |    |        |
| 36 | Accumulated other comprehensive income (loss)                                 | (4,048)               |        |                   | (4,135)  |    |        |
| 37 | Retained earnings                                                             | 48,735                |        |                   | 47,979   |    |        |
| 38 | Total Honeywell shareowners' equity                                           | 16,454                |        |                   | 15,856   |    |        |
| 39 | Noncontrolling interest                                                       | 591                   |        |                   | 578      |    |        |
| 40 | Total shareowners' equity                                                     | 17,045                |        |                   | 16,434   |    |        |
| 41 | Total liabilities, redeemable noncontrolling interest and shareowners' equity | $                     | 65,645 |                   |          | $  | 61,525 |

The Notes to Consolidated Financial Statements are an integral part of this statement.

5    Honeywell International Inc.

HONEYWELL INTERNATIONAL INC 10-Q form for quarterly period ended 2024-03-31, page 3:
TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION

The financial statements and related notes as of March 31, 2024, should be read in conjunction with the financial statements for the year ended December 31, 2023, contained in the Company's 2023 Annual Report on Form 10-K.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED STATEMENT OF OPERATIONS

(Unaudited)

 			Three Months Ended March 31,

				2024		2023

 					(Dollars in millions, except per share amounts)

Product sales					$	6,263 			$	6,310

Service sales					2,842 			2,554

Net sales					9,105 			8,864

Costs, expenses and other

Cost of products sold					4,035 			4,068

Cost of services sold					1,548 			1,430

Total Cost of products and services sold					5,583 			5,498

Research and development expenses					360 			357

Selling, general and administrative expenses					1,302 			1,317

Other (income) expense					(231)			(260)

Interest and other financial charges					220 			170

Total costs, expenses and other					7,234 			7,082

Income before taxes					1,871 			1,782

Tax expense					396 			374

Net income					1,475 			1,408

Less: Net income attributable to noncontrolling interest					12 			14

Net income attributable to Honeywell					$	1,463 			$	1,394

Earnings per share of common stock-basic					$	2.24 			$	2.09

Earnings per share of common stock-assuming dilution					$	2.23 			$	2.07

The Notes to Consolidated Financial Statements are an integral part of this statement.

3    Honeywell International Inc.

, HONEYWELL INTERNATIONAL INC 10-Q form for quarterly period ended 2024-03-31, page 5:
TABLE OF CONTENTS

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED BALANCE SHEET

(Unaudited)

 	March 31, 2024		December 31, 2023

 	(Dollars in millions)

ASSETS

Current assets

Cash and cash equivalents	$	11,756 			$	7,925

Short-term investments	249 			170

Accounts receivable, less allowances of $324 and $323, respectively	7,476 			7,530

Inventories	6,318 			6,178

Other current assets	1,635 			1,699

Total current assets	27,434 			23,502

Investments and long-term receivables	975 			939

Property, plant and equipment-net	5,698 			5,660

Goodwill	17,985 			18,049

Other intangible assets-net	3,136 			3,231

Insurance recoveries for asbestos-related liabilities	164 			170

Deferred income taxes	374 			392

Other assets	9,879 			9,582

Total assets	$	65,645 			$	61,525

LIABILITIES

Current liabilities

Accounts payable	$	6,468 			$	6,849

Commercial paper and other short-term borrowings	1,819 			2,085

Current maturities of long-term debt	1,254 			1,796

Accrued liabilities	6,947 			7,809

Total current liabilities	16,488 			18,539

Long-term debt	22,183 			16,562

Deferred income taxes	2,063 			2,094

Postretirement benefit obligations other than pensions	129 			134

Asbestos-related liabilities	1,467 			1,490

Other liabilities	6,263 			6,265

Redeemable noncontrolling interest	7 			7

SHAREOWNERS' EQUITY

Capital-common stock issued	958 			958

-additional paid-in capital	9,353 			9,062

Common stock held in treasury, at cost	(38,544)			(38,008)

Accumulated other comprehensive income (loss)	(4,048)			(4,135)

Retained earnings	48,735 			47,979

Total Honeywell shareowners' equity	16,454 			15,856

Noncontrolling interest	591 			578

Total shareowners' equity	17,045 			16,434

Total liabilities, redeemable noncontrolling interest and shareowners' equity	$	65,645 			$	61,525

The Notes to Consolidated Financial Statements are an integral part of this statement.

5    Honeywell International Inc.

TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION

The financial statements and related notes as of March 31, 2024, should be read in conjunction with the financial statements for the year ended December 31, 2023, contained in the Company's 2023 Annual Report on Form 10-K.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED STATEMENT OF OPERATIONS

(Unaudited)

 			Three Months Ended March 31,

				2024		2023

 					(Dollars in millions, except per share amounts)

Product sales					$	6,263 			$	6,310

Service sales					2,842 			2,554

Net sales					9,105 			8,864

Costs, expenses and other

Cost of products sold					4,035 			4,068

Cost of services sold					1,548 			1,430

Total Cost of products and services sold					5,583 			5,498

Research and development expenses					360 			357

Selling, general and administrative expenses					1,302 			1,317

Other (income) expense					(231)			(260)

Interest and other financial charges					220 			170

Total costs, expenses and other					7,234 			7,082

Income before taxes					1,871 			1,782

Tax expense					396 			374

Net income					1,475 			1,408

Less: Net income attributable to noncontrolling interest					12 			14

Net income attributable to Honeywell					$	1,463 			$	1,394

Earnings per share of common stock-basic					$	2.24 			$	2.09

Earnings per share of common stock-assuming dilution					$	2.23 			$	2.07

The Notes to Consolidated Financial Statements are an integral part of this statement.

3    Honeywell International Inc.

,
TABLE OF CONTENTS

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED BALANCE SHEET

(Unaudited)

 	March 31, 2024		December 31, 2023

 	(Dollars in millions)

ASSETS

Current assets

Cash and cash equivalents	$	11,756 			$	7,925

Short-term investments	249 			170

Accounts receivable, less allowances of $324 and $323, respectively	7,476 			7,530

Inventories	6,318 			6,178

Other current assets	1,635 			1,699

Total current assets	27,434 			23,502

Investments and long-term receivables	975 			939

Property, plant and equipment-net	5,698 			5,660

Goodwill	17,985 			18,049

Other intangible assets-net	3,136 			3,231

Insurance recoveries for asbestos-related liabilities	164 			170

Deferred income taxes	374 			392

Other assets	9,879 			9,582

Total assets	$	65,645 			$	61,525

LIABILITIES

Current liabilities

Accounts payable	$	6,468 			$	6,849

Commercial paper and other short-term borrowings	1,819 			2,085

Current maturities of long-term debt	1,254 			1,796

Accrued liabilities	6,947 			7,809

Total current liabilities	16,488 			18,539

Long-term debt	22,183 			16,562

Deferred income taxes	2,063 			2,094

Postretirement benefit obligations other than pensions	129 			134

Asbestos-related liabilities	1,467 			1,490

Other liabilities	6,263 			6,265

Redeemable noncontrolling interest	7 			7

SHAREOWNERS' EQUITY

Capital-common stock issued	958 			958

-additional paid-in capital	9,353 			9,062

Common stock held in treasury, at cost	(38,544)			(38,008)

Accumulated other comprehensive income (loss)	(4,048)			(4,135)

Retained earnings	48,735 			47,979

Total Honeywell shareowners' equity	16,454 			15,856

Noncontrolling interest	591 			578

Total shareowners' equity	17,045 			16,434

Total liabilities, redeemable noncontrolling interest and shareowners' equity	$	65,645 			$	61,525

The Notes to Consolidated Financial Statements are an integral part of this statement.

5    Honeywell International Inc.


Question: What is the Asset Turnover Ratio for Honeywell International Inc. over the three months ending March 31, 2024?

The Asset Turnover Ratio for Honeywell International Inc. for the three months ended March 31, 2024, is calculated as follows:
Asset Turnover Ratio = Net Sales / Average Total Assets
Net Sales = $9,105 million
Average Total Assets = (Total Assets at the beginning of the period + Total Assets at the end of the period) / 2
Average Total Assets = ($61,525 million + $65,645 million) / 2 = $63,585 million
Asset Turnover Ratio = 9,105 / 63,585 = 0.14

HONEYWELL INTERNATIONAL INC 10-Q form for quarterly period ended 2024-03-31, page 3:
TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION

The financial statements and related notes as of March 31, 2024, should be read in conjunction with the financial statements for the year ended December 31, 2023, contained in the Company's 2023 Annual Report on Form 10-K.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED STATEMENT OF OPERATIONS

(Unaudited)
|    |                                                          |                              |      |                                                 |       |       |    |       |
|---:|:---------------------------------------------------------|:-----------------------------|:-----|:------------------------------------------------|:------|:------|:---|:------|
|  1 |                                                          | Three Months Ended March 31, |      |                                                 |       |       |    |       |
|  2 |                                                          |                              | 2024 |                                                 | 2023  |       |    |       |
|  3 |                                                          |                              |      | (Dollars in millions, except per share amounts) |       |       |    |       |
|  4 | Product sales                                            |                              |      | $                                               | 6,263 |       | $  | 6,310 |
|  5 | Service sales                                            |                              |      | 2,842                                           |       | 2,554 |    |       |
|  6 | Net sales                                                |                              |      | 9,105                                           |       | 8,864 |    |       |
|  7 | Costs, expenses and other                                |                              |      |                                                 |       |       |    |       |
|  8 | Cost of products sold                                    |                              |      | 4,035                                           |       | 4,068 |    |       |
|  9 | Cost of services sold                                    |                              |      | 1,548                                           |       | 1,430 |    |       |
| 10 | Total Cost of products and services sold                 |                              |      | 5,583                                           |       | 5,498 |    |       |
| 11 | Research and development expenses                        |                              |      | 360                                             |       | 357   |    |       |
| 12 | Selling, general and administrative expenses             |                              |      | 1,302                                           |       | 1,317 |    |       |
| 13 | Other (income) expense                                   |                              |      | (231)                                           |       | (260) |    |       |
| 14 | Interest and other financial charges                     |                              |      | 220                                             |       | 170   |    |       |
| 15 | Total costs, expenses and other                          |                              |      | 7,234                                           |       | 7,082 |    |       |
| 16 | Income before taxes                                      |                              |      | 1,871                                           |       | 1,782 |    |       |
| 17 | Tax expense                                              |                              |      | 396                                             |       | 374   |    |       |
| 18 | Net income                                               |                              |      | 1,475                                           |       | 1,408 |    |       |
| 19 | Less: Net income attributable to noncontrolling interest |                              |      | 12                                              |       | 14    |    |       |
| 20 | Net income attributable to Honeywell                     |                              |      | $                                               | 1,463 |       | $  | 1,394 |
| 21 | Earnings per share of common stock-basic                 |                              |      | $                                               | 2.24  |       | $  | 2.09  |
| 22 | Earnings per share of common stock-assuming dilution     |                              |      | $                                               | 2.23  |       | $  | 2.07  |

The Notes to Consolidated Financial Statements are an integral part of this statement.

3    Honeywell International Inc.

, HONEYWELL INTERNATIONAL INC 10-Q form for quarterly period ended 2024-03-31, page 5:
TABLE OF CONTENTS

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED BALANCE SHEET

(Unaudited)
|    |                                                                               |                       |        |                   |          |    |        |
|---:|:------------------------------------------------------------------------------|:----------------------|:-------|:------------------|:---------|:---|:-------|
|  1 |                                                                               | March 31, 2024        |        | December 31, 2023 |          |    |        |
|  2 |                                                                               | (Dollars in millions) |        |                   |          |    |        |
|  3 | ASSETS                                                                        |                       |        |                   |          |    |        |
|  4 | Current assets                                                                |                       |        |                   |          |    |        |
|  5 | Cash and cash equivalents                                                     | $                     | 11,756 |                   |          | $  | 7,925  |
|  6 | Short-term investments                                                        | 249                   |        |                   | 170      |    |        |
|  7 | Accounts receivable, less allowances of $324 and $323, respectively           | 7,476                 |        |                   | 7,530    |    |        |
|  8 | Inventories                                                                   | 6,318                 |        |                   | 6,178    |    |        |
|  9 | Other current assets                                                          | 1,635                 |        |                   | 1,699    |    |        |
| 10 | Total current assets                                                          | 27,434                |        |                   | 23,502   |    |        |
| 11 | Investments and long-term receivables                                         | 975                   |        |                   | 939      |    |        |
| 12 | Property, plant and equipment-net                                             | 5,698                 |        |                   | 5,660    |    |        |
| 13 | Goodwill                                                                      | 17,985                |        |                   | 18,049   |    |        |
| 14 | Other intangible assets-net                                                   | 3,136                 |        |                   | 3,231    |    |        |
| 15 | Insurance recoveries for asbestos-related liabilities                         | 164                   |        |                   | 170      |    |        |
| 16 | Deferred income taxes                                                         | 374                   |        |                   | 392      |    |        |
| 17 | Other assets                                                                  | 9,879                 |        |                   | 9,582    |    |        |
| 18 | Total assets                                                                  | $                     | 65,645 |                   |          | $  | 61,525 |
| 19 | LIABILITIES                                                                   |                       |        |                   |          |    |        |
| 20 | Current liabilities                                                           |                       |        |                   |          |    |        |
| 21 | Accounts payable                                                              | $                     | 6,468  |                   |          | $  | 6,849  |
| 22 | Commercial paper and other short-term borrowings                              | 1,819                 |        |                   | 2,085    |    |        |
| 23 | Current maturities of long-term debt                                          | 1,254                 |        |                   | 1,796    |    |        |
| 24 | Accrued liabilities                                                           | 6,947                 |        |                   | 7,809    |    |        |
| 25 | Total current liabilities                                                     | 16,488                |        |                   | 18,539   |    |        |
| 26 | Long-term debt                                                                | 22,183                |        |                   | 16,562   |    |        |
| 27 | Deferred income taxes                                                         | 2,063                 |        |                   | 2,094    |    |        |
| 28 | Postretirement benefit obligations other than pensions                        | 129                   |        |                   | 134      |    |        |
| 29 | Asbestos-related liabilities                                                  | 1,467                 |        |                   | 1,490    |    |        |
| 30 | Other liabilities                                                             | 6,263                 |        |                   | 6,265    |    |        |
| 31 | Redeemable noncontrolling interest                                            | 7                     |        |                   | 7        |    |        |
| 32 | SHAREOWNERS' EQUITY                                                           |                       |        |                   |          |    |        |
| 33 | Capital-common stock issued                                                   | 958                   |        |                   | 958      |    |        |
| 34 | -additional paid-in capital                                                   | 9,353                 |        |                   | 9,062    |    |        |
| 35 | Common stock held in treasury, at cost                                        | (38,544)              |        |                   | (38,008) |    |        |
| 36 | Accumulated other comprehensive income (loss)                                 | (4,048)               |        |                   | (4,135)  |    |        |
| 37 | Retained earnings                                                             | 48,735                |        |                   | 47,979   |    |        |
| 38 | Total Honeywell shareowners' equity                                           | 16,454                |        |                   | 15,856   |    |        |
| 39 | Noncontrolling interest                                                       | 591                   |        |                   | 578      |    |        |
| 40 | Total shareowners' equity                                                     | 17,045                |        |                   | 16,434   |    |        |
| 41 | Total liabilities, redeemable noncontrolling interest and shareowners' equity | $                     | 65,645 |                   |          | $  | 61,525 |

The Notes to Consolidated Financial Statements are an integral part of this statement.

5    Honeywell International Inc.

TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION

The financial statements and related notes as of March 31, 2024, should be read in conjunction with the financial statements for the year ended December 31, 2023, contained in the Company's 2023 Annual Report on Form 10-K.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED STATEMENT OF OPERATIONS

(Unaudited)
|    |                                                          |                              |      |                                                 |       |       |    |       |
|---:|:---------------------------------------------------------|:-----------------------------|:-----|:------------------------------------------------|:------|:------|:---|:------|
|  1 |                                                          | Three Months Ended March 31, |      |                                                 |       |       |    |       |
|  2 |                                                          |                              | 2024 |                                                 | 2023  |       |    |       |
|  3 |                                                          |                              |      | (Dollars in millions, except per share amounts) |       |       |    |       |
|  4 | Product sales                                            |                              |      | $                                               | 6,263 |       | $  | 6,310 |
|  5 | Service sales                                            |                              |      | 2,842                                           |       | 2,554 |    |       |
|  6 | Net sales                                                |                              |      | 9,105                                           |       | 8,864 |    |       |
|  7 | Costs, expenses and other                                |                              |      |                                                 |       |       |    |       |
|  8 | Cost of products sold                                    |                              |      | 4,035                                           |       | 4,068 |    |       |
|  9 | Cost of services sold                                    |                              |      | 1,548                                           |       | 1,430 |    |       |
| 10 | Total Cost of products and services sold                 |                              |      | 5,583                                           |       | 5,498 |    |       |
| 11 | Research and development expenses                        |                              |      | 360                                             |       | 357   |    |       |
| 12 | Selling, general and administrative expenses             |                              |      | 1,302                                           |       | 1,317 |    |       |
| 13 | Other (income) expense                                   |                              |      | (231)                                           |       | (260) |    |       |
| 14 | Interest and other financial charges                     |                              |      | 220                                             |       | 170   |    |       |
| 15 | Total costs, expenses and other                          |                              |      | 7,234                                           |       | 7,082 |    |       |
| 16 | Income before taxes                                      |                              |      | 1,871                                           |       | 1,782 |    |       |
| 17 | Tax expense                                              |                              |      | 396                                             |       | 374   |    |       |
| 18 | Net income                                               |                              |      | 1,475                                           |       | 1,408 |    |       |
| 19 | Less: Net income attributable to noncontrolling interest |                              |      | 12                                              |       | 14    |    |       |
| 20 | Net income attributable to Honeywell                     |                              |      | $                                               | 1,463 |       | $  | 1,394 |
| 21 | Earnings per share of common stock-basic                 |                              |      | $                                               | 2.24  |       | $  | 2.09  |
| 22 | Earnings per share of common stock-assuming dilution     |                              |      | $                                               | 2.23  |       | $  | 2.07  |

The Notes to Consolidated Financial Statements are an integral part of this statement.

3    Honeywell International Inc.

,
TABLE OF CONTENTS

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED BALANCE SHEET

(Unaudited)
|    |                                                                               |                       |        |                   |          |    |        |
|---:|:------------------------------------------------------------------------------|:----------------------|:-------|:------------------|:---------|:---|:-------|
|  1 |                                                                               | March 31, 2024        |        | December 31, 2023 |          |    |        |
|  2 |                                                                               | (Dollars in millions) |        |                   |          |    |        |
|  3 | ASSETS                                                                        |                       |        |                   |          |    |        |
|  4 | Current assets                                                                |                       |        |                   |          |    |        |
|  5 | Cash and cash equivalents                                                     | $                     | 11,756 |                   |          | $  | 7,925  |
|  6 | Short-term investments                                                        | 249                   |        |                   | 170      |    |        |
|  7 | Accounts receivable, less allowances of $324 and $323, respectively           | 7,476                 |        |                   | 7,530    |    |        |
|  8 | Inventories                                                                   | 6,318                 |        |                   | 6,178    |    |        |
|  9 | Other current assets                                                          | 1,635                 |        |                   | 1,699    |    |        |
| 10 | Total current assets                                                          | 27,434                |        |                   | 23,502   |    |        |
| 11 | Investments and long-term receivables                                         | 975                   |        |                   | 939      |    |        |
| 12 | Property, plant and equipment-net                                             | 5,698                 |        |                   | 5,660    |    |        |
| 13 | Goodwill                                                                      | 17,985                |        |                   | 18,049   |    |        |
| 14 | Other intangible assets-net                                                   | 3,136                 |        |                   | 3,231    |    |        |
| 15 | Insurance recoveries for asbestos-related liabilities                         | 164                   |        |                   | 170      |    |        |
| 16 | Deferred income taxes                                                         | 374                   |        |                   | 392      |    |        |
| 17 | Other assets                                                                  | 9,879                 |        |                   | 9,582    |    |        |
| 18 | Total assets                                                                  | $                     | 65,645 |                   |          | $  | 61,525 |
| 19 | LIABILITIES                                                                   |                       |        |                   |          |    |        |
| 20 | Current liabilities                                                           |                       |        |                   |          |    |        |
| 21 | Accounts payable                                                              | $                     | 6,468  |                   |          | $  | 6,849  |
| 22 | Commercial paper and other short-term borrowings                              | 1,819                 |        |                   | 2,085    |    |        |
| 23 | Current maturities of long-term debt                                          | 1,254                 |        |                   | 1,796    |    |        |
| 24 | Accrued liabilities                                                           | 6,947                 |        |                   | 7,809    |    |        |
| 25 | Total current liabilities                                                     | 16,488                |        |                   | 18,539   |    |        |
| 26 | Long-term debt                                                                | 22,183                |        |                   | 16,562   |    |        |
| 27 | Deferred income taxes                                                         | 2,063                 |        |                   | 2,094    |    |        |
| 28 | Postretirement benefit obligations other than pensions                        | 129                   |        |                   | 134      |    |        |
| 29 | Asbestos-related liabilities                                                  | 1,467                 |        |                   | 1,490    |    |        |
| 30 | Other liabilities                                                             | 6,263                 |        |                   | 6,265    |    |        |
| 31 | Redeemable noncontrolling interest                                            | 7                     |        |                   | 7        |    |        |
| 32 | SHAREOWNERS' EQUITY                                                           |                       |        |                   |          |    |        |
| 33 | Capital-common stock issued                                                   | 958                   |        |                   | 958      |    |        |
| 34 | -additional paid-in capital                                                   | 9,353                 |        |                   | 9,062    |    |        |
| 35 | Common stock held in treasury, at cost                                        | (38,544)              |        |                   | (38,008) |    |        |
| 36 | Accumulated other comprehensive income (loss)                                 | (4,048)               |        |                   | (4,135)  |    |        |
| 37 | Retained earnings                                                             | 48,735                |        |                   | 47,979   |    |        |
| 38 | Total Honeywell shareowners' equity                                           | 16,454                |        |                   | 15,856   |    |        |
| 39 | Noncontrolling interest                                                       | 591                   |        |                   | 578      |    |        |
| 40 | Total shareowners' equity                                                     | 17,045                |        |                   | 16,434   |    |        |
| 41 | Total liabilities, redeemable noncontrolling interest and shareowners' equity | $                     | 65,645 |                   |          | $  | 61,525 |

The Notes to Consolidated Financial Statements are an integral part of this statement.

5    Honeywell International Inc.

HONEYWELL INTERNATIONAL INC 10-Q form for quarterly period ended 2024-03-31, page 3:
TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION

The financial statements and related notes as of March 31, 2024, should be read in conjunction with the financial statements for the year ended December 31, 2023, contained in the Company's 2023 Annual Report on Form 10-K.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED STATEMENT OF OPERATIONS

(Unaudited)

 			Three Months Ended March 31,

				2024		2023

 					(Dollars in millions, except per share amounts)

Product sales					$	6,263 			$	6,310

Service sales					2,842 			2,554

Net sales					9,105 			8,864

Costs, expenses and other

Cost of products sold					4,035 			4,068

Cost of services sold					1,548 			1,430

Total Cost of products and services sold					5,583 			5,498

Research and development expenses					360 			357

Selling, general and administrative expenses					1,302 			1,317

Other (income) expense					(231)			(260)

Interest and other financial charges					220 			170

Total costs, expenses and other					7,234 			7,082

Income before taxes					1,871 			1,782

Tax expense					396 			374

Net income					1,475 			1,408

Less: Net income attributable to noncontrolling interest					12 			14

Net income attributable to Honeywell					$	1,463 			$	1,394

Earnings per share of common stock-basic					$	2.24 			$	2.09

Earnings per share of common stock-assuming dilution					$	2.23 			$	2.07

The Notes to Consolidated Financial Statements are an integral part of this statement.

3    Honeywell International Inc.

, HONEYWELL INTERNATIONAL INC 10-Q form for quarterly period ended 2024-03-31, page 5:
TABLE OF CONTENTS

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED BALANCE SHEET

(Unaudited)

 	March 31, 2024		December 31, 2023

 	(Dollars in millions)

ASSETS

Current assets

Cash and cash equivalents	$	11,756 			$	7,925

Short-term investments	249 			170

Accounts receivable, less allowances of $324 and $323, respectively	7,476 			7,530

Inventories	6,318 			6,178

Other current assets	1,635 			1,699

Total current assets	27,434 			23,502

Investments and long-term receivables	975 			939

Property, plant and equipment-net	5,698 			5,660

Goodwill	17,985 			18,049

Other intangible assets-net	3,136 			3,231

Insurance recoveries for asbestos-related liabilities	164 			170

Deferred income taxes	374 			392

Other assets	9,879 			9,582

Total assets	$	65,645 			$	61,525

LIABILITIES

Current liabilities

Accounts payable	$	6,468 			$	6,849

Commercial paper and other short-term borrowings	1,819 			2,085

Current maturities of long-term debt	1,254 			1,796

Accrued liabilities	6,947 			7,809

Total current liabilities	16,488 			18,539

Long-term debt	22,183 			16,562

Deferred income taxes	2,063 			2,094

Postretirement benefit obligations other than pensions	129 			134

Asbestos-related liabilities	1,467 			1,490

Other liabilities	6,263 			6,265

Redeemable noncontrolling interest	7 			7

SHAREOWNERS' EQUITY

Capital-common stock issued	958 			958

-additional paid-in capital	9,353 			9,062

Common stock held in treasury, at cost	(38,544)			(38,008)

Accumulated other comprehensive income (loss)	(4,048)			(4,135)

Retained earnings	48,735 			47,979

Total Honeywell shareowners' equity	16,454 			15,856

Noncontrolling interest	591 			578

Total shareowners' equity	17,045 			16,434

Total liabilities, redeemable noncontrolling interest and shareowners' equity	$	65,645 			$	61,525

The Notes to Consolidated Financial Statements are an integral part of this statement.

5    Honeywell International Inc.

TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION

The financial statements and related notes as of March 31, 2024, should be read in conjunction with the financial statements for the year ended December 31, 2023, contained in the Company's 2023 Annual Report on Form 10-K.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED STATEMENT OF OPERATIONS

(Unaudited)

 			Three Months Ended March 31,

				2024		2023

 					(Dollars in millions, except per share amounts)

Product sales					$	6,263 			$	6,310

Service sales					2,842 			2,554

Net sales					9,105 			8,864

Costs, expenses and other

Cost of products sold					4,035 			4,068

Cost of services sold					1,548 			1,430

Total Cost of products and services sold					5,583 			5,498

Research and development expenses					360 			357

Selling, general and administrative expenses					1,302 			1,317

Other (income) expense					(231)			(260)

Interest and other financial charges					220 			170

Total costs, expenses and other					7,234 			7,082

Income before taxes					1,871 			1,782

Tax expense					396 			374

Net income					1,475 			1,408

Less: Net income attributable to noncontrolling interest					12 			14

Net income attributable to Honeywell					$	1,463 			$	1,394

Earnings per share of common stock-basic					$	2.24 			$	2.09

Earnings per share of common stock-assuming dilution					$	2.23 			$	2.07

The Notes to Consolidated Financial Statements are an integral part of this statement.

3    Honeywell International Inc.

,
TABLE OF CONTENTS

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED BALANCE SHEET

(Unaudited)

 	March 31, 2024		December 31, 2023

 	(Dollars in millions)

ASSETS

Current assets

Cash and cash equivalents	$	11,756 			$	7,925

Short-term investments	249 			170

Accounts receivable, less allowances of $324 and $323, respectively	7,476 			7,530

Inventories	6,318 			6,178

Other current assets	1,635 			1,699

Total current assets	27,434 			23,502

Investments and long-term receivables	975 			939

Property, plant and equipment-net	5,698 			5,660

Goodwill	17,985 			18,049

Other intangible assets-net	3,136 			3,231

Insurance recoveries for asbestos-related liabilities	164 			170

Deferred income taxes	374 			392

Other assets	9,879 			9,582

Total assets	$	65,645 			$	61,525

LIABILITIES

Current liabilities

Accounts payable	$	6,468 			$	6,849

Commercial paper and other short-term borrowings	1,819 			2,085

Current maturities of long-term debt	1,254 			1,796

Accrued liabilities	6,947 			7,809

Total current liabilities	16,488 			18,539

Long-term debt	22,183 			16,562

Deferred income taxes	2,063 			2,094

Postretirement benefit obligations other than pensions	129 			134

Asbestos-related liabilities	1,467 			1,490

Other liabilities	6,263 			6,265

Redeemable noncontrolling interest	7 			7

SHAREOWNERS' EQUITY

Capital-common stock issued	958 			958

-additional paid-in capital	9,353 			9,062

Common stock held in treasury, at cost	(38,544)			(38,008)

Accumulated other comprehensive income (loss)	(4,048)			(4,135)

Retained earnings	48,735 			47,979

Total Honeywell shareowners' equity	16,454 			15,856

Noncontrolling interest	591 			578

Total shareowners' equity	17,045 			16,434

Total liabilities, redeemable noncontrolling interest and shareowners' equity	$	65,645 			$	61,525

The Notes to Consolidated Financial Statements are an integral part of this statement.

5    Honeywell International Inc.


Question: What was the Current Ratio for Honeywell International Inc. as of March 31, 2024?

The Current Ratio for Honeywell International Inc. as of March 31, 2024, is calculated as follows:
Current Ratio = Current Assets / Current Liabilities
Current Assets = $27,434 million
Current Liabilities = $16,488 million
Current Ratio = 27,434 / 16,488 = 1.66

HONEYWELL INTERNATIONAL INC 10-Q form for quarterly period ended 2024-03-31, page 5:
TABLE OF CONTENTS

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED BALANCE SHEET

(Unaudited)

 	March 31, 2024		December 31, 2023

 	(Dollars in millions)

ASSETS

Current assets

Cash and cash equivalents	$	11,756 			$	7,925

Short-term investments	249 			170

Accounts receivable, less allowances of $324 and $323, respectively	7,476 			7,530

Inventories	6,318 			6,178

Other current assets	1,635 			1,699

Total current assets	27,434 			23,502

Investments and long-term receivables	975 			939

Property, plant and equipment-net	5,698 			5,660

Goodwill	17,985 			18,049

Other intangible assets-net	3,136 			3,231

Insurance recoveries for asbestos-related liabilities	164 			170

Deferred income taxes	374 			392

Other assets	9,879 			9,582

Total assets	$	65,645 			$	61,525

LIABILITIES

Current liabilities

Accounts payable	$	6,468 			$	6,849

Commercial paper and other short-term borrowings	1,819 			2,085

Current maturities of long-term debt	1,254 			1,796

Accrued liabilities	6,947 			7,809

Total current liabilities	16,488 			18,539

Long-term debt	22,183 			16,562

Deferred income taxes	2,063 			2,094

Postretirement benefit obligations other than pensions	129 			134

Asbestos-related liabilities	1,467 			1,490

Other liabilities	6,263 			6,265

Redeemable noncontrolling interest	7 			7

SHAREOWNERS' EQUITY

Capital-common stock issued	958 			958

-additional paid-in capital	9,353 			9,062

Common stock held in treasury, at cost	(38,544)			(38,008)

Accumulated other comprehensive income (loss)	(4,048)			(4,135)

Retained earnings	48,735 			47,979

Total Honeywell shareowners' equity	16,454 			15,856

Noncontrolling interest	591 			578

Total shareowners' equity	17,045 			16,434

Total liabilities, redeemable noncontrolling interest and shareowners' equity	$	65,645 			$	61,525

The Notes to Consolidated Financial Statements are an integral part of this statement.

5    Honeywell International Inc.


Question: What is the current ratio of Exxon Mobil for June 30, 2024?

The current ratio is calculated as:
Current Assets/Current Liabilities
96,238/ 70,763
 =1.36

EXXON MOBIL CORP 10-Q form for quarterly period ended 2024-06-30, page 5:

CONDENSED CONSOLIDATED BALANCE SHEET

(millions of dollars, unless noted)		June 30, 2024		December 31, 2023

ASSETS

Current assets

Cash and cash equivalents		26,460 			31,539

Cash and cash equivalents – restricted		28 			29

Notes and accounts receivable – net		43,071 			38,015

Inventories

Crude oil, products and merchandise		19,685 			20,528

Materials and supplies		4,818 			4,592

Other current assets		2,176 			1,906

Total current assets		96,238 			96,609

Investments, advances and long-term receivables		47,948 			47,630

Property, plant and equipment – net		298,283 			214,940

Other assets, including intangibles – net		18,238 			17,138

Total Assets		460,707 			376,317

LIABILITIES

Current liabilities

Notes and loans payable		6,621 			4,090

Accounts payable and accrued liabilities		60,107 			58,037

Income taxes payable		4,035 			3,189

Total current liabilities		70,763 			65,316

Long-term debt		36,565 			37,483

Postretirement benefits reserves		10,398 			10,496

Deferred income tax liabilities		40,080 			24,452

Long-term obligations to equity companies		1,612 			1,804

Other long-term obligations		25,023 			24,228

Total Liabilities		184,441 			163,779

Commitments and contingencies (Note 3)

EQUITY

Common stock without par value (9,000 million shares authorized, 8,019 million shares issued)		46,781 			17,781

Earnings reinvested		463,294 			453,927

Accumulated other comprehensive income		(13,187)			(11,989)

Common stock held in treasury (3,576 million shares at June 30, 2024 and4,048 million shares at December 31, 2023)		(228,483)			(254,917)

ExxonMobil share of equity		268,405 			204,802

Noncontrolling interests		7,861 			7,736

Total Equity		276,266 			212,538

Total Liabilities and Equity		460,707 			376,317

The information in the Notes to Condensed Consolidated Financial Statements is an integral part of these statements.

5


Question: Calculate the quick ratio for ExxonMobil, excluding inventory, as of June 30, 2024.

Method 1: Quick Ratio = (Current Assets − Inventory) / Current Liabilities

Current Assets = $96,238 million
Inventory = $19,685 million (Crude oil, products, and merchandise) + $4,818 million (Materials and supplies) = $24,503 million
Current Liabilities = $70,763 million

Quick Ratio = (96,238 − 24,503) / 70,763
Quick Ratio = 71,735 / 70,763 ≈ 1.01
Method 2: Quick Ratio = (Cash and Cash Equivalents + Marketable Securities + Accounts Receivable) / Current Liabilities

Cash and Cash Equivalents = $25,565 million
Marketable Securities = $36,236 million
Accounts Receivable, net = $22,795 million
Current Liabilities = $131,624 million

Quick Ratio = (25,565 + 36,236 + 22,795) / 131,624
Quick Ratio = 84,596 / 131,624 ≈ 0.64

The quick ratio indicates that Apple Inc. has liquid assets to cover 64% of its short-term liabilities without relying on inventory.

EXXON MOBIL CORP 10-Q form for quarterly period ended 2024-06-30, page 5:

CONDENSED CONSOLIDATED BALANCE SHEET

(millions of dollars, unless noted)		June 30, 2024		December 31, 2023

ASSETS

Current assets

Cash and cash equivalents		26,460 			31,539

Cash and cash equivalents – restricted		28 			29

Notes and accounts receivable – net		43,071 			38,015

Inventories

Crude oil, products and merchandise		19,685 			20,528

Materials and supplies		4,818 			4,592

Other current assets		2,176 			1,906

Total current assets		96,238 			96,609

Investments, advances and long-term receivables		47,948 			47,630

Property, plant and equipment – net		298,283 			214,940

Other assets, including intangibles – net		18,238 			17,138

Total Assets		460,707 			376,317

LIABILITIES

Current liabilities

Notes and loans payable		6,621 			4,090

Accounts payable and accrued liabilities		60,107 			58,037

Income taxes payable		4,035 			3,189

Total current liabilities		70,763 			65,316

Long-term debt		36,565 			37,483

Postretirement benefits reserves		10,398 			10,496

Deferred income tax liabilities		40,080 			24,452

Long-term obligations to equity companies		1,612 			1,804

Other long-term obligations		25,023 			24,228

Total Liabilities		184,441 			163,779

Commitments and contingencies (Note 3)

EQUITY

Common stock without par value (9,000 million shares authorized, 8,019 million shares issued)		46,781 			17,781

Earnings reinvested		463,294 			453,927

Accumulated other comprehensive income		(13,187)			(11,989)

Common stock held in treasury (3,576 million shares at June 30, 2024 and4,048 million shares at December 31, 2023)		(228,483)			(254,917)

ExxonMobil share of equity		268,405 			204,802

Noncontrolling interests		7,861 			7,736

Total Equity		276,266 			212,538

Total Liabilities and Equity		460,707 			376,317

The information in the Notes to Condensed Consolidated Financial Statements is an integral part of these statements.

5


Question: What is ExxonMobil's cash ratio as of June 30, 2024?

Cash Ratio= Cash and Cash Equivalents/Current Liabilities
 = (26,460+28)/70,763  =0.37
This low cash ratio indicates that cash and cash equivalents alone would not fully cover current liabilities.

EXXON MOBIL CORP 10-Q form for quarterly period ended 2024-06-30, page 5:

CONDENSED CONSOLIDATED BALANCE SHEET

(millions of dollars, unless noted)		June 30, 2024		December 31, 2023

ASSETS

Current assets

Cash and cash equivalents		26,460 			31,539

Cash and cash equivalents – restricted		28 			29

Notes and accounts receivable – net		43,071 			38,015

Inventories

Crude oil, products and merchandise		19,685 			20,528

Materials and supplies		4,818 			4,592

Other current assets		2,176 			1,906

Total current assets		96,238 			96,609

Investments, advances and long-term receivables		47,948 			47,630

Property, plant and equipment – net		298,283 			214,940

Other assets, including intangibles – net		18,238 			17,138

Total Assets		460,707 			376,317

LIABILITIES

Current liabilities

Notes and loans payable		6,621 			4,090

Accounts payable and accrued liabilities		60,107 			58,037

Income taxes payable		4,035 			3,189

Total current liabilities		70,763 			65,316

Long-term debt		36,565 			37,483

Postretirement benefits reserves		10,398 			10,496

Deferred income tax liabilities		40,080 			24,452

Long-term obligations to equity companies		1,612 			1,804

Other long-term obligations		25,023 			24,228

Total Liabilities		184,441 			163,779

Commitments and contingencies (Note 3)

EQUITY

Common stock without par value (9,000 million shares authorized, 8,019 million shares issued)		46,781 			17,781

Earnings reinvested		463,294 			453,927

Accumulated other comprehensive income		(13,187)			(11,989)

Common stock held in treasury (3,576 million shares at June 30, 2024 and4,048 million shares at December 31, 2023)		(228,483)			(254,917)

ExxonMobil share of equity		268,405 			204,802

Noncontrolling interests		7,861 			7,736

Total Equity		276,266 			212,538

Total Liabilities and Equity		460,707 			376,317

The information in the Notes to Condensed Consolidated Financial Statements is an integral part of these statements.

5


Question: What is ExxonMobil's net profit margin for the six months ended June 30, 2024?

Net Profit Margin= Net Income/Revenue ×100= 17,460/176,143 ×100=9.91%
This margin shows ExxonMobil’s profitability after all expenses, including taxes and interest.

EXXON MOBIL CORP 10-Q form for quarterly period ended 2024-06-30, page 3:
PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

CONDENSED CONSOLIDATED STATEMENT OF INCOME

(millions of dollars, unless noted)		Three Months EndedJune 30,		Six Months EndedJune 30,

2024	2023		2024	2023

Revenues and other income

Sales and other operating revenue		89,986 		80,795 			170,397 		164,439

Income from equity affiliates		1,744 		1,382 			3,586 		3,763

Other income		1,330 		737 			2,160 		1,276

Total revenues and other income		93,060 		82,914 			176,143 		169,478

Costs and other deductions

Crude oil and product purchases		54,199 		47,598 			101,800 		93,601

Production and manufacturing expenses		9,804 		8,860 			18,895 		18,296

Selling, general and administrative expenses		2,568 		2,449 			5,063 		4,839

Depreciation and depletion (includes impairments)		5,787 		4,242 			10,599 		8,486

Exploration expenses, including dry holes		153 		133 			301 		274

Non-service pension and postretirement benefit expense		34 		164 			57 		331

Interest expense		271 		249 			492 		408

Other taxes and duties		6,579 		7,563 			12,902 		14,784

Total costs and other deductions		79,395 		71,258 			150,109 		141,019

Income (loss) before income taxes		13,665 		11,656 			26,034 		28,459

Income tax expense (benefit)		4,094 		3,503 			7,897 		8,463

Net income (loss) including noncontrolling interests		9,571 		8,153 			18,137 		19,996

Net income (loss) attributable to noncontrolling interests		331 		273 			677 		686

Net income (loss) attributable to ExxonMobil		9,240 		7,880 			17,460 		19,310

Earnings (loss) per common share (dollars)		2.14 		1.94 			4.20 		4.73

Earnings (loss) per common share - assuming dilution (dollars)		2.14 		1.94 			4.20 		4.73

The information in the Notes to Condensed Consolidated Financial Statements is an integral part of these statements.

3


Question: Calculate the asset turnover ratio for ExxonMobil for the six months ended June 30, 2024.

Asset Turnover Ratio= Revenue/Total Assets  = 176,143/460,707  =0.38
This ratio shows that ExxonMobil generated $0.38 in revenue for every dollar of assets, indicating moderate asset utilization.

EXXON MOBIL CORP 10-Q form for quarterly period ended 2024-06-30, page 3:
PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

CONDENSED CONSOLIDATED STATEMENT OF INCOME

(millions of dollars, unless noted)		Three Months EndedJune 30,		Six Months EndedJune 30,

2024	2023		2024	2023

Revenues and other income

Sales and other operating revenue		89,986 		80,795 			170,397 		164,439

Income from equity affiliates		1,744 		1,382 			3,586 		3,763

Other income		1,330 		737 			2,160 		1,276

Total revenues and other income		93,060 		82,914 			176,143 		169,478

Costs and other deductions

Crude oil and product purchases		54,199 		47,598 			101,800 		93,601

Production and manufacturing expenses		9,804 		8,860 			18,895 		18,296

Selling, general and administrative expenses		2,568 		2,449 			5,063 		4,839

Depreciation and depletion (includes impairments)		5,787 		4,242 			10,599 		8,486

Exploration expenses, including dry holes		153 		133 			301 		274

Non-service pension and postretirement benefit expense		34 		164 			57 		331

Interest expense		271 		249 			492 		408

Other taxes and duties		6,579 		7,563 			12,902 		14,784

Total costs and other deductions		79,395 		71,258 			150,109 		141,019

Income (loss) before income taxes		13,665 		11,656 			26,034 		28,459

Income tax expense (benefit)		4,094 		3,503 			7,897 		8,463

Net income (loss) including noncontrolling interests		9,571 		8,153 			18,137 		19,996

Net income (loss) attributable to noncontrolling interests		331 		273 			677 		686

Net income (loss) attributable to ExxonMobil		9,240 		7,880 			17,460 		19,310

Earnings (loss) per common share (dollars)		2.14 		1.94 			4.20 		4.73

Earnings (loss) per common share - assuming dilution (dollars)		2.14 		1.94 			4.20 		4.73

The information in the Notes to Condensed Consolidated Financial Statements is an integral part of these statements.

3

, EXXON MOBIL CORP 10-Q form for quarterly period ended 2024-06-30, page 5:

CONDENSED CONSOLIDATED BALANCE SHEET

(millions of dollars, unless noted)		June 30, 2024		December 31, 2023

ASSETS

Current assets

Cash and cash equivalents		26,460 			31,539

Cash and cash equivalents – restricted		28 			29

Notes and accounts receivable – net		43,071 			38,015

Inventories

Crude oil, products and merchandise		19,685 			20,528

Materials and supplies		4,818 			4,592

Other current assets		2,176 			1,906

Total current assets		96,238 			96,609

Investments, advances and long-term receivables		47,948 			47,630

Property, plant and equipment – net		298,283 			214,940

Other assets, including intangibles – net		18,238 			17,138

Total Assets		460,707 			376,317

LIABILITIES

Current liabilities

Notes and loans payable		6,621 			4,090

Accounts payable and accrued liabilities		60,107 			58,037

Income taxes payable		4,035 			3,189

Total current liabilities		70,763 			65,316

Long-term debt		36,565 			37,483

Postretirement benefits reserves		10,398 			10,496

Deferred income tax liabilities		40,080 			24,452

Long-term obligations to equity companies		1,612 			1,804

Other long-term obligations		25,023 			24,228

Total Liabilities		184,441 			163,779

Commitments and contingencies (Note 3)

EQUITY

Common stock without par value (9,000 million shares authorized, 8,019 million shares issued)		46,781 			17,781

Earnings reinvested		463,294 			453,927

Accumulated other comprehensive income		(13,187)			(11,989)

Common stock held in treasury (3,576 million shares at June 30, 2024 and4,048 million shares at December 31, 2023)		(228,483)			(254,917)

ExxonMobil share of equity		268,405 			204,802

Noncontrolling interests		7,861 			7,736

Total Equity		276,266 			212,538

Total Liabilities and Equity		460,707 			376,317

The information in the Notes to Condensed Consolidated Financial Statements is an integral part of these statements.

5

PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

CONDENSED CONSOLIDATED STATEMENT OF INCOME

(millions of dollars, unless noted)		Three Months EndedJune 30,		Six Months EndedJune 30,

2024	2023		2024	2023

Revenues and other income

Sales and other operating revenue		89,986 		80,795 			170,397 		164,439

Income from equity affiliates		1,744 		1,382 			3,586 		3,763

Other income		1,330 		737 			2,160 		1,276

Total revenues and other income		93,060 		82,914 			176,143 		169,478

Costs and other deductions

Crude oil and product purchases		54,199 		47,598 			101,800 		93,601

Production and manufacturing expenses		9,804 		8,860 			18,895 		18,296

Selling, general and administrative expenses		2,568 		2,449 			5,063 		4,839

Depreciation and depletion (includes impairments)		5,787 		4,242 			10,599 		8,486

Exploration expenses, including dry holes		153 		133 			301 		274

Non-service pension and postretirement benefit expense		34 		164 			57 		331

Interest expense		271 		249 			492 		408

Other taxes and duties		6,579 		7,563 			12,902 		14,784

Total costs and other deductions		79,395 		71,258 			150,109 		141,019

Income (loss) before income taxes		13,665 		11,656 			26,034 		28,459

Income tax expense (benefit)		4,094 		3,503 			7,897 		8,463

Net income (loss) including noncontrolling interests		9,571 		8,153 			18,137 		19,996

Net income (loss) attributable to noncontrolling interests		331 		273 			677 		686

Net income (loss) attributable to ExxonMobil		9,240 		7,880 			17,460 		19,310

Earnings (loss) per common share (dollars)		2.14 		1.94 			4.20 		4.73

Earnings (loss) per common share - assuming dilution (dollars)		2.14 		1.94 			4.20 		4.73

The information in the Notes to Condensed Consolidated Financial Statements is an integral part of these statements.

3

,

CONDENSED CONSOLIDATED BALANCE SHEET

(millions of dollars, unless noted)		June 30, 2024		December 31, 2023

ASSETS

Current assets

Cash and cash equivalents		26,460 			31,539

Cash and cash equivalents – restricted		28 			29

Notes and accounts receivable – net		43,071 			38,015

Inventories

Crude oil, products and merchandise		19,685 			20,528

Materials and supplies		4,818 			4,592

Other current assets		2,176 			1,906

Total current assets		96,238 			96,609

Investments, advances and long-term receivables		47,948 			47,630

Property, plant and equipment – net		298,283 			214,940

Other assets, including intangibles – net		18,238 			17,138

Total Assets		460,707 			376,317

LIABILITIES

Current liabilities

Notes and loans payable		6,621 			4,090

Accounts payable and accrued liabilities		60,107 			58,037

Income taxes payable		4,035 			3,189

Total current liabilities		70,763 			65,316

Long-term debt		36,565 			37,483

Postretirement benefits reserves		10,398 			10,496

Deferred income tax liabilities		40,080 			24,452

Long-term obligations to equity companies		1,612 			1,804

Other long-term obligations		25,023 			24,228

Total Liabilities		184,441 			163,779

Commitments and contingencies (Note 3)

EQUITY

Common stock without par value (9,000 million shares authorized, 8,019 million shares issued)		46,781 			17,781

Earnings reinvested		463,294 			453,927

Accumulated other comprehensive income		(13,187)			(11,989)

Common stock held in treasury (3,576 million shares at June 30, 2024 and4,048 million shares at December 31, 2023)		(228,483)			(254,917)

ExxonMobil share of equity		268,405 			204,802

Noncontrolling interests		7,861 			7,736

Total Equity		276,266 			212,538

Total Liabilities and Equity		460,707 			376,317

The information in the Notes to Condensed Consolidated Financial Statements is an integral part of these statements.

5


Question: Calculate the receivables turnover ratio for ExxonMobil for the six months ended June 30, 2024.

Receivables Turnover Ratio=  Revenue/Accounts Receivable =176,143/43,071 =4.09

This ratio implies that ExxonMobil collects its receivables approximately 4 times a year.

EXXON MOBIL CORP 10-Q form for quarterly period ended 2024-06-30, page 3:
PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

CONDENSED CONSOLIDATED STATEMENT OF INCOME

(millions of dollars, unless noted)		Three Months EndedJune 30,		Six Months EndedJune 30,

2024	2023		2024	2023

Revenues and other income

Sales and other operating revenue		89,986 		80,795 			170,397 		164,439

Income from equity affiliates		1,744 		1,382 			3,586 		3,763

Other income		1,330 		737 			2,160 		1,276

Total revenues and other income		93,060 		82,914 			176,143 		169,478

Costs and other deductions

Crude oil and product purchases		54,199 		47,598 			101,800 		93,601

Production and manufacturing expenses		9,804 		8,860 			18,895 		18,296

Selling, general and administrative expenses		2,568 		2,449 			5,063 		4,839

Depreciation and depletion (includes impairments)		5,787 		4,242 			10,599 		8,486

Exploration expenses, including dry holes		153 		133 			301 		274

Non-service pension and postretirement benefit expense		34 		164 			57 		331

Interest expense		271 		249 			492 		408

Other taxes and duties		6,579 		7,563 			12,902 		14,784

Total costs and other deductions		79,395 		71,258 			150,109 		141,019

Income (loss) before income taxes		13,665 		11,656 			26,034 		28,459

Income tax expense (benefit)		4,094 		3,503 			7,897 		8,463

Net income (loss) including noncontrolling interests		9,571 		8,153 			18,137 		19,996

Net income (loss) attributable to noncontrolling interests		331 		273 			677 		686

Net income (loss) attributable to ExxonMobil		9,240 		7,880 			17,460 		19,310

Earnings (loss) per common share (dollars)		2.14 		1.94 			4.20 		4.73

Earnings (loss) per common share - assuming dilution (dollars)		2.14 		1.94 			4.20 		4.73

The information in the Notes to Condensed Consolidated Financial Statements is an integral part of these statements.

3

, EXXON MOBIL CORP 10-Q form for quarterly period ended 2024-06-30, page 5:

CONDENSED CONSOLIDATED BALANCE SHEET

(millions of dollars, unless noted)		June 30, 2024		December 31, 2023

ASSETS

Current assets

Cash and cash equivalents		26,460 			31,539

Cash and cash equivalents – restricted		28 			29

Notes and accounts receivable – net		43,071 			38,015

Inventories

Crude oil, products and merchandise		19,685 			20,528

Materials and supplies		4,818 			4,592

Other current assets		2,176 			1,906

Total current assets		96,238 			96,609

Investments, advances and long-term receivables		47,948 			47,630

Property, plant and equipment – net		298,283 			214,940

Other assets, including intangibles – net		18,238 			17,138

Total Assets		460,707 			376,317

LIABILITIES

Current liabilities

Notes and loans payable		6,621 			4,090

Accounts payable and accrued liabilities		60,107 			58,037

Income taxes payable		4,035 			3,189

Total current liabilities		70,763 			65,316

Long-term debt		36,565 			37,483

Postretirement benefits reserves		10,398 			10,496

Deferred income tax liabilities		40,080 			24,452

Long-term obligations to equity companies		1,612 			1,804

Other long-term obligations		25,023 			24,228

Total Liabilities		184,441 			163,779

Commitments and contingencies (Note 3)

EQUITY

Common stock without par value (9,000 million shares authorized, 8,019 million shares issued)		46,781 			17,781

Earnings reinvested		463,294 			453,927

Accumulated other comprehensive income		(13,187)			(11,989)

Common stock held in treasury (3,576 million shares at June 30, 2024 and4,048 million shares at December 31, 2023)		(228,483)			(254,917)

ExxonMobil share of equity		268,405 			204,802

Noncontrolling interests		7,861 			7,736

Total Equity		276,266 			212,538

Total Liabilities and Equity		460,707 			376,317

The information in the Notes to Condensed Consolidated Financial Statements is an integral part of these statements.

5

PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

CONDENSED CONSOLIDATED STATEMENT OF INCOME

(millions of dollars, unless noted)		Three Months EndedJune 30,		Six Months EndedJune 30,

2024	2023		2024	2023

Revenues and other income

Sales and other operating revenue		89,986 		80,795 			170,397 		164,439

Income from equity affiliates		1,744 		1,382 			3,586 		3,763

Other income		1,330 		737 			2,160 		1,276

Total revenues and other income		93,060 		82,914 			176,143 		169,478

Costs and other deductions

Crude oil and product purchases		54,199 		47,598 			101,800 		93,601

Production and manufacturing expenses		9,804 		8,860 			18,895 		18,296

Selling, general and administrative expenses		2,568 		2,449 			5,063 		4,839

Depreciation and depletion (includes impairments)		5,787 		4,242 			10,599 		8,486

Exploration expenses, including dry holes		153 		133 			301 		274

Non-service pension and postretirement benefit expense		34 		164 			57 		331

Interest expense		271 		249 			492 		408

Other taxes and duties		6,579 		7,563 			12,902 		14,784

Total costs and other deductions		79,395 		71,258 			150,109 		141,019

Income (loss) before income taxes		13,665 		11,656 			26,034 		28,459

Income tax expense (benefit)		4,094 		3,503 			7,897 		8,463

Net income (loss) including noncontrolling interests		9,571 		8,153 			18,137 		19,996

Net income (loss) attributable to noncontrolling interests		331 		273 			677 		686

Net income (loss) attributable to ExxonMobil		9,240 		7,880 			17,460 		19,310

Earnings (loss) per common share (dollars)		2.14 		1.94 			4.20 		4.73

Earnings (loss) per common share - assuming dilution (dollars)		2.14 		1.94 			4.20 		4.73

The information in the Notes to Condensed Consolidated Financial Statements is an integral part of these statements.

3

,

CONDENSED CONSOLIDATED BALANCE SHEET

(millions of dollars, unless noted)		June 30, 2024		December 31, 2023

ASSETS

Current assets

Cash and cash equivalents		26,460 			31,539

Cash and cash equivalents – restricted		28 			29

Notes and accounts receivable – net		43,071 			38,015

Inventories

Crude oil, products and merchandise		19,685 			20,528

Materials and supplies		4,818 			4,592

Other current assets		2,176 			1,906

Total current assets		96,238 			96,609

Investments, advances and long-term receivables		47,948 			47,630

Property, plant and equipment – net		298,283 			214,940

Other assets, including intangibles – net		18,238 			17,138

Total Assets		460,707 			376,317

LIABILITIES

Current liabilities

Notes and loans payable		6,621 			4,090

Accounts payable and accrued liabilities		60,107 			58,037

Income taxes payable		4,035 			3,189

Total current liabilities		70,763 			65,316

Long-term debt		36,565 			37,483

Postretirement benefits reserves		10,398 			10,496

Deferred income tax liabilities		40,080 			24,452

Long-term obligations to equity companies		1,612 			1,804

Other long-term obligations		25,023 			24,228

Total Liabilities		184,441 			163,779

Commitments and contingencies (Note 3)

EQUITY

Common stock without par value (9,000 million shares authorized, 8,019 million shares issued)		46,781 			17,781

Earnings reinvested		463,294 			453,927

Accumulated other comprehensive income		(13,187)			(11,989)

Common stock held in treasury (3,576 million shares at June 30, 2024 and4,048 million shares at December 31, 2023)		(228,483)			(254,917)

ExxonMobil share of equity		268,405 			204,802

Noncontrolling interests		7,861 			7,736

Total Equity		276,266 			212,538

Total Liabilities and Equity		460,707 			376,317

The information in the Notes to Condensed Consolidated Financial Statements is an integral part of these statements.

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Question: What is ExxonMobil’s debt-to-equity ratio as of June 30, 2024?

Debt-to-Equity Ratio= Total Debt/Total Equity = (36,565+6,621)/276,266  =0.16
This indicates a low reliance on debt in ExxonMobil’s capital structure.

EXXON MOBIL CORP 10-Q form for quarterly period ended 2024-06-30, page 5:

CONDENSED CONSOLIDATED BALANCE SHEET

(millions of dollars, unless noted)		June 30, 2024		December 31, 2023

ASSETS

Current assets

Cash and cash equivalents		26,460 			31,539

Cash and cash equivalents – restricted		28 			29

Notes and accounts receivable – net		43,071 			38,015

Inventories

Crude oil, products and merchandise		19,685 			20,528

Materials and supplies		4,818 			4,592

Other current assets		2,176 			1,906

Total current assets		96,238 			96,609

Investments, advances and long-term receivables		47,948 			47,630

Property, plant and equipment – net		298,283 			214,940

Other assets, including intangibles – net		18,238 			17,138

Total Assets		460,707 			376,317

LIABILITIES

Current liabilities

Notes and loans payable		6,621 			4,090

Accounts payable and accrued liabilities		60,107 			58,037

Income taxes payable		4,035 			3,189

Total current liabilities		70,763 			65,316

Long-term debt		36,565 			37,483

Postretirement benefits reserves		10,398 			10,496

Deferred income tax liabilities		40,080 			24,452

Long-term obligations to equity companies		1,612 			1,804

Other long-term obligations		25,023 			24,228

Total Liabilities		184,441 			163,779

Commitments and contingencies (Note 3)

EQUITY

Common stock without par value (9,000 million shares authorized, 8,019 million shares issued)		46,781 			17,781

Earnings reinvested		463,294 			453,927

Accumulated other comprehensive income		(13,187)			(11,989)

Common stock held in treasury (3,576 million shares at June 30, 2024 and4,048 million shares at December 31, 2023)		(228,483)			(254,917)

ExxonMobil share of equity		268,405 			204,802

Noncontrolling interests		7,861 			7,736

Total Equity		276,266 			212,538

Total Liabilities and Equity		460,707 			376,317

The information in the Notes to Condensed Consolidated Financial Statements is an integral part of these statements.

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