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Valero Energy (Valero Energy) Effective Interest Rate on Debt %

: 4.95% (As of Dec. 2023)
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Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Valero Energy's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $596 Mil. Valero Energy's average total debt for the quarter that ended in Dec. 2023 was $12,039 Mil. Therefore, Valero Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.95%.


Valero Energy Effective Interest Rate on Debt % Historical Data

The historical data trend for Valero Energy's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Valero Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.52 4.20 3.89 4.04 4.67

Valero Energy Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.51 4.84 5.20 5.24 4.95

Competitive Comparison

For the Oil & Gas Refining & Marketing subindustry, Valero Energy's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Valero Energy Effective Interest Rate on Debt % Distribution

For the Oil & Gas industry and Energy sector, Valero Energy's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Valero Energy's Effective Interest Rate on Debt % falls into.



Valero Energy Effective Interest Rate on Debt % Calculation

Valero Energy's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -592/( (12722+12637)/ 2 )
=-1  *  -592/12679.5
=4.67 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=11302 + 1420
=12722

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10871 + 1766
=12637

Valero Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -596/( (11441+12637)/ 2 )
=-1  *  -596/12039
=4.95 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10107 + 1334
=11441

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10871 + 1766
=12637

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Valero Energy  (NYSE:VLO) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Valero Energy Effective Interest Rate on Debt % Related Terms

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Valero Energy (Valero Energy) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Valero Energy Corp (NYSE:VLO) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
Address
One Valero Way, San Antonio, TX, USA, 78249
Valero Energy is one of the largest independent refiners in the United States. It operates 15 refineries with a total throughput capacity of 3.2 million barrels a day in the United States, Canada, and the United Kingdom. Valero also owns 12 ethanol plants with capacity of 1.6 billion gallons of ethanol a year and holds a 50% stake in Diamond Green Diesel, which has capacity to produce 1.2 billion gallons per year of renewable diesel.
Executives
Joseph W Gorder director, officer: COB & CEO P.O. BOX 696000, SAN ANTONIO TX 78269-6000
Rayford Jr Wilkins director 208 S. AKARD ST., --, DALLAS TX 75202
Marie A Ffolkes director 17450 COLLEGE PARKWAY, LIVONIA MI 48152
Kimberly S, Greene director 30 IVAN ALLEN JR. BLVD., NW, ATLANTA GA 30308
Philip J. Pfeiffer director P.O. BOX 696000, SAN ANTONIO TX 78269-6000
Deborah P Majoras director ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Robert Profusek director P.O. BOX 696000, SAN ANTONIO TX 78269-6000
Donald L Nickles director 6100 N WESTERN AVENUE, P O BOX 18496, OKLAHOMA CITY OK 73118
Gary K. Simmons officer: EVP & CCO P.O. BOX 696000, SAN ANTONIO TX 78269-6000
R. Lane Riggs officer: EVP and COO P.O. BOX 696000, SAN ANTONIO TX 78269-6000
Fred M Diaz director 9614 AMALFI CT, BRENTWOOD TN 37027
Paulett Eberhart director C/O LPL FINANCIAL, 4707 EXECUTIVE DRIVE, SAN DIEGO CA 32121
Cheryl L. Thomas officer: SVP & CTO P.O. BOX 696000, SAN ANTONIO TX 78269-6000
Richard Joe Walsh officer: SVP and GC P.O. BOX 696000, SAN ANTONIO TX 78269-6000
Jason W. Fraser officer: EVP and CFO P.O. BOX 696000, SAN ANTONIO TX 78269-6000

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