Valero Energy Corporation (VLO)
Debt-to-equity 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 26,346,000 | 25,975,000 | 25,851,000 | 24,977,000 | 23,561,000 | 21,912,000 | 20,969,000 | 18,821,000 | 18,430,000 | 17,476,000 | 17,651,000 | 17,801,000 | 18,801,000 | 19,223,000 | 19,847,000 | 18,842,000 | 21,803,000 | 21,107,000 | 21,345,000 | 21,309,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $26,346,000K
= 0.00
The debt-to-equity ratio of Valero Energy Corp. has been relatively stable over the past eight quarters, ranging from 0.44 to 0.70. A lower ratio indicates that the company has a lower level of debt relative to its equity, which suggests lower financial risk. The consistent ratio around 0.44 to 0.46 seen in the most recent quarters indicates that Valero has been managing its debt levels effectively and maintaining a balanced capital structure. However, the slight increase in the ratio from 0.44 in Q1 2023 to 0.70 in Q1 2022 may signal that the company took on more debt relative to its equity during that period. Overall, the trend suggests that Valero has been prudent in its debt management practices, but it is essential for investors to monitor any significant changes in the ratio in future periods.
Peer comparison
Dec 31, 2023