Valero Energy Corporation (VLO)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 23,737,000 | 23,976,000 | 27,115,000 | 25,674,000 | 26,221,000 | 26,577,000 | 23,695,000 | 23,335,000 | 24,133,000 | 22,696,000 | 27,409,000 | 23,313,000 | 21,165,000 | 18,790,000 | 19,372,000 | 17,591,000 | 15,844,000 | 15,422,000 | 12,762,000 | 11,465,000 |
| 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 |
| Current ratio | 1.53 | 1.57 | 1.48 | 1.59 | 1.56 | 1.51 | 1.59 | 1.52 | 1.38 | 1.32 | 1.25 | 1.18 | 1.26 | 1.31 | 1.36 | 1.43 | 1.71 | 1.90 | 1.75 | 1.31 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $23,737,000K ÷ $15,495,000K
= 1.53
The current ratio of Valero Energy Corporation has shown fluctuations over the periods indicated in the data. Initially, the company's current ratio was above the ideal benchmark of 2, indicating a stronger liquidity position. However, it began to decline in the latter half of 2021, dropping to 1.18 by March 31, 2022. This could imply potential challenges in meeting short-term obligations using current assets alone.
Subsequently, there was a slight improvement in the current ratio, reaching 1.59 by June 30, 2023, before stabilizing around 1.50 in the following quarters. While this suggests a more moderate liquidity position than before, the current ratio remains above 1, indicating that Valero Energy Corporation is still able to cover its short-term liabilities with its current assets.
Overall, the current ratio trend for Valero Energy Corporation indicates variations in liquidity levels over the periods shown in the data. It would be important to monitor this ratio closely to ensure the company maintains a healthy balance between current assets and liabilities for ongoing operational stability and financial health.
Peer comparison
Dec 31, 2024