Valero Energy Corporation (VLO)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($4,657,000K
+ $—K
+ $—K)
÷ $15,495,000K
= 0.30
The quick ratio of Valero Energy Corporation has shown fluctuations over the past few years, ranging from a low of 0.13 to a high of 0.50. This ratio measures the company's ability to cover its short-term obligations using its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities with its current assets.
Between March 31, 2020, and December 31, 2020, Valero Energy Corporation's quick ratio improved from 0.17 to 0.36 before declining slightly to 0.18 by March 31, 2021. The ratio fluctuated around this level until September 30, 2021, when it dropped to 0.24. This downward trend continued until March 31, 2022, when the quick ratio hit its lowest point at 0.13.
From March 31, 2022, to December 31, 2024, the quick ratio fluctuated between 0.13 and 0.34, showing some volatility in the company's ability to cover its short-term obligations. Overall, the quick ratio indicates that Valero Energy Corporation may have experienced challenges in maintaining a strong liquidity position during the period under review.
Peer comparison
Dec 31, 2024