Valero Energy Corporation (VLO)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 18,969,000 | 17,033,000 | 17,811,000 | 18,480,000 |
| Total current liabilities | US$ in thousands | 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 | 13,160,000 | 12,130,000 | 12,548,000 | 12,913,000 |
| Current ratio | 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 | 1.44 | 1.40 | 1.42 | 1.43 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $26,221,000K ÷ $16,802,000K
= 1.56
Valero Energy Corp.'s current ratio has shown a generally increasing trend over the past eight quarters, indicating an improvement in the company's short-term liquidity position. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.
In Q4 2023, Valero Energy Corp. reported a current ratio of 1.56, which indicates that the company has $1.56 in current assets for every $1 in current liabilities. This is an improvement compared to the previous quarter, Q3 2023, where the current ratio was 1.51.
Looking back over the past year, the current ratio has steadily increased from 1.18 in Q1 2022 to 1.56 in Q4 2023. This upward trend suggests that Valero Energy Corp. has been managing its short-term obligations more effectively and has a stronger liquidity position.
Overall, the increasing current ratio of Valero Energy Corp. demonstrates that the company has been successful in maintaining or improving its ability to meet its short-term financial obligations as they come due.
Peer comparison
Dec 31, 2023