Valero Energy Corporation (VLO)

Debt-to-assets ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total assets	US$ in thousands	60,143,000	63,056,000	60,982,000	57,888,000	51,774,000
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $60,143,000K
= 0.00

The debt-to-assets ratio of Valero Energy Corporation has been consistently at 0.00 for the years 2020 through 2024. This indicates that the company has not utilized debt as a significant source of financing in relation to its assets during this period. A debt-to-assets ratio of 0.00 suggests that Valero Energy Corporation has a lower financial risk associated with debt obligations and may be relying more on equity financing. It can also imply that the company has strong financial stability and solvency, as it has minimal financial leverage.