Valero Energy (Valero Energy) Interest Expense

: $-592 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Valero Energy's interest expense for the three months ended in Dec. 2023 was $ -149 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-592 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Valero Energy's Operating Income for the three months ended in Dec. 2023 was $ 1,553 Mil. Valero Energy's Interest Expense for the three months ended in Dec. 2023 was $ -149 Mil. Valero Energy's Interest Coverage for the quarter that ended in Dec. 2023 was 10.42. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Valero Energy Interest Expense Historical Data

The historical data trend for Valero Energy's Interest Expense 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

Interest Expense

-454.00

-563.00

-603.00

-562.00

-592.00

Valero Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-137.00	-146.00	-148.00	-149.00	-149.00

Valero Energy Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-592 Mil.

Valero Energy (NYSE:VLO) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Valero Energy's Interest Expense for the three months ended in Dec. 2023 was $-149 Mil. Its Operating Income for the three months ended in Dec. 2023 was $1,553 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $10,871 Mil.

Valero Energy's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1553	/	-149
	=	10.42

The higher the ratio, the stronger the company's financial strength is.

Valero Energy (Valero Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Valero Energy Corp (NYSE:VLO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

VLO:Mexico V1L:Germany V1L:Germany VLOE34:Brazil

Address

One Valero Way, San Antonio, TX, USA, 78249

Website

https://www.valero.com

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