Chevron Interest Coverage from 2010 to 2024

CVX Stock  USD 160.00  2.43  1.54%   
Chevron Corp Interest Coverage yearly trend continues to be fairly stable with very little volatility. Interest Coverage is likely to outpace its year average in 2024. During the period from 2010 to 2024, Chevron Corp Interest Coverage regression line of annual values had significance of  0 and arithmetic mean of  9.98. View All Fundamentals
 
Interest Coverage  
First Reported
2010-12-31
Previous Quarter
64.07889126
Current Value
94.82
Quarterly Volatility
45.41123411
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Chevron Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Chevron main balance sheet or income statement drivers, such as Depreciation And Amortization of 12 B, Interest Expense of 252.9 M or Selling General Administrative of 6.2 B, as well as many exotic indicators such as Price To Sales Ratio of 0.9, Dividend Yield of 0.0296 or PTB Ratio of 2.06. Chevron financial statements analysis is a perfect complement when working with Chevron Corp Valuation or Volatility modules.
  
This module can also supplement Chevron Corp's financial leverage analysis and stock options assessment as well as various Chevron Corp Technical models . Check out the analysis of Chevron Corp Correlation against competitors.
For more information on how to buy Chevron Stock please use our How to Invest in Chevron Corp guide.

Latest Chevron Corp's Interest Coverage Growth Pattern

Below is the plot of the Interest Coverage of Chevron Corp over the last few years. It is Chevron Corp's Interest Coverage historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Chevron Corp's overall financial position and show how it may be relating to other accounts over time.
Interest Coverage10 Years Trend
Slightly volatile
   Interest Coverage   
       Timeline  

Chevron Interest Coverage Regression Statistics

Arithmetic Mean9.98
Coefficient Of Variation454.88
Mean Deviation35.88
Median7.94
Standard Deviation45.41
Sample Variance2,062
Range128
R-Value0.76
Mean Square Error937.96
R-Squared0.58
Significance0
Slope7.72
Total Sum of Squares28,871

Chevron Interest Coverage History

2024 94.82
2023 64.08
2022 97.27
2021 31.39
2020 -9.69
2019 7.94
2018 19.31

About Chevron Corp Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Chevron Corp income statement, its balance sheet, and the statement of cash flows. Chevron Corp investors use historical funamental indicators, such as Chevron Corp's Interest Coverage, to determine how well the company is positioned to perform in the future. Although Chevron Corp investors may use each financial statement separately, they are all related. The changes in Chevron Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Chevron Corp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Chevron Corp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Chevron Corp. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Interest Coverage 64.08  94.82 

Pair Trading with Chevron Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Chevron Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Chevron Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Chevron Stock

  0.88BP BP PLC ADR Financial Report 7th of May 2024 PairCorr
  0.85SU Suncor Energy Financial Report 13th of May 2024 PairCorr

Moving against Chevron Stock

  0.71EP Empire Petroleum Corp Upward RallyPairCorr
The ability to find closely correlated positions to Chevron Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chevron Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Chevron Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Chevron Corp to buy it.
The correlation of Chevron Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Chevron Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chevron Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Chevron Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Chevron Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Chevron Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Chevron Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Chevron Corp Stock:
Check out the analysis of Chevron Corp Correlation against competitors.
For more information on how to buy Chevron Stock please use our How to Invest in Chevron Corp guide.
You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

Complementary Tools for Chevron Stock analysis

When running Chevron Corp's price analysis, check to measure Chevron Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Chevron Corp is operating at the current time. Most of Chevron Corp's value examination focuses on studying past and present price action to predict the probability of Chevron Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chevron Corp's price. Additionally, you may evaluate how the addition of Chevron Corp to your portfolios can decrease your overall portfolio volatility.
Odds Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Watchlist Optimization
Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
Sectors
List of equity sectors categorizing publicly traded companies based on their primary business activities
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Share Portfolio
Track or share privately all of your investments from the convenience of any device
Sign In To Macroaxis
Sign in to explore Macroaxis' wealth optimization platform and fintech modules
Commodity Directory
Find actively traded commodities issued by global exchanges
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Is Chevron Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Chevron Corp. If investors know Chevron will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Chevron Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.64)
Dividend Share
6.04
Earnings Share
11.35
Revenue Per Share
104.004
Quarterly Revenue Growth
(0.15)
The market value of Chevron Corp is measured differently than its book value, which is the value of Chevron that is recorded on the company's balance sheet. Investors also form their own opinion of Chevron Corp's value that differs from its market value or its book value, called intrinsic value, which is Chevron Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Chevron Corp's market value can be influenced by many factors that don't directly affect Chevron Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Chevron Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chevron Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chevron Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.