Valero Energy Corporation (VLO)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 60,143,000 | 63,056,000 | 60,982,000 | 57,888,000 | 51,774,000 |
| Total stockholders’ equity | US$ in thousands | 24,512,000 | 26,346,000 | 23,561,000 | 18,430,000 | 18,801,000 |
| Financial leverage ratio | 2.45 | 2.39 | 2.59 | 3.14 | 2.75 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $60,143,000K ÷ $24,512,000K
= 2.45
The financial leverage ratio of Valero Energy Corporation has shown some fluctuations over the past years. It increased from 2.75 in December 31, 2020 to 3.14 in December 31, 2021, indicating higher reliance on debt financing. However, in the subsequent years, the ratio decreased to 2.59 in December 31, 2022, 2.39 in December 31, 2023, and 2.45 in December 31, 2024, suggesting a reduced level of financial risk as the company possibly paid down debt or managed its capital structure more efficiently. Overall, fluctuations in the financial leverage ratio can be indicative of changes in the company's capital structure and risk profile. It would be beneficial to further analyze the company's debt management strategies and overall financial health to better understand the implications of these changes.
Peer comparison
Dec 31, 2024