Valero Energy Corporation (VLO)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 24,512,000 | 26,346,000 | 23,561,000 | 18,430,000 | 18,801,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $24,512,000K)
= 0.00
The debt-to-capital ratio for Valero Energy Corporation has consistently remained at 0.00 over the past five years, based on the financial data provided. This indicates that the company has not used any debt to finance its operations relative to its total capital structure during this period. A debt-to-capital ratio of 0.00 suggests that Valero has been primarily funding its operations through equity financing rather than taking on debt. This can be seen as a positive sign, as a lower debt-to-capital ratio generally indicates lower financial risk and greater financial stability for the company. However, it's important to consider other financial metrics and industry benchmarks to gain a more comprehensive understanding of Valero's overall financial health and performance.
Peer comparison
Dec 31, 2024