Valero Energy Corporation (VLO)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 4,657,000 | 5,184,000 | 5,246,000 | 4,917,000 | 5,424,000 | 5,831,000 | 5,075,000 | 5,521,000 | 4,862,000 | 3,969,000 | 5,392,000 | 2,638,000 | 4,122,000 | 3,498,000 | 3,572,000 | 2,254,000 | 3,313,000 | 4,047,000 | 2,319,000 | 1,515,000 |
| Short-term investments | US$ in thousands | — | — | — | 97,000 | 111,000 | 151,000 | 202,000 | 224,000 | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 15,495,000 | 15,298,000 | 18,318,000 | 16,149,000 | 16,802,000 | 17,592,000 | 14,948,000 | 15,365,000 | 17,461,000 | 17,237,000 | 21,969,000 | 19,785,000 | 16,851,000 | 14,313,000 | 14,214,000 | 12,307,000 | 9,283,000 | 8,122,000 | 7,300,000 | 8,732,000 |
| Cash ratio | 0.30 | 0.34 | 0.29 | 0.31 | 0.33 | 0.34 | 0.35 | 0.37 | 0.28 | 0.23 | 0.25 | 0.13 | 0.24 | 0.24 | 0.25 | 0.18 | 0.36 | 0.50 | 0.32 | 0.17 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($4,657,000K
+ $—K)
÷ $15,495,000K
= 0.30
Valero Energy Corporation's cash ratio fluctuated over the period ranging from March 31, 2020, to December 31, 2024. The cash ratio reflects the company's ability to cover its short-term liabilities with its cash and cash equivalents.
The cash ratio increased significantly from 0.17 on March 31, 2020, to 0.50 on September 30, 2020, indicating an improvement in the company's liquidity position. However, it decreased to 0.18 on March 31, 2021, before reaching 0.36 by the end of December 31, 2021.
From March 31, 2022, to June 30, 2024, the cash ratio fluctuated in a range between 0.13 and 0.35. Notably, the ratio remained relatively stable around 0.30 in the last quarter of 2024.
Overall, fluctuations in Valero Energy Corporation's cash ratio over the period indicate changes in its ability to meet short-term obligations using its readily available cash reserves. Monitoring this ratio is crucial for investors and stakeholders to assess the company's liquidity position and financial health.
Peer comparison
Dec 31, 2024