Valero Energy (Valero Energy) Cash-to-Debt

: 0.43 (As of Dec. 2023)

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Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Valero Energy's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.43.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Valero Energy couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Valero Energy's Cash-to-Debt or its related term are showing as below:

VLO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.21 Med: 0.41 Max: 0.66
Current: 0.43

During the past 13 years, Valero Energy's highest Cash to Debt Ratio was 0.66. The lowest was 0.21. And the median was 0.41.

VLO's Cash-to-Debt is ranked worse than
53.61% of 1024 companies
in the Oil & Gas industry
Industry Median: 0.505 vs VLO: 0.43

Valero Energy Cash-to-Debt Historical Data

The historical data trend for Valero Energy's Cash-to-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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Valero Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.24

0.21

0.27

0.38

0.43

Valero Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.38	0.48	0.45	0.51	0.43

Competitive Comparison

For the Oil & Gas Refining & Marketing subindustry, Valero Energy's Cash-to-Debt, along with its competitors' market caps and Cash-to-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 Cash-to-Debt Distribution

For the Oil & Gas industry and Energy sector, Valero Energy's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Valero Energy's Cash-to-Debt falls into.

Valero Energy Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Valero Energy's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	5424	/	(1766	+	10871)
	=	0.43

Valero Energy's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	5424	/	(1766	+	10871)
	=	0.43

Valero Energy (NYSE:VLO) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Valero Energy Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Valero Energy's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Valero Energy (Valero Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Valero Energy Corp (NYSE:VLO) » Definitions » Cash-to-Debt

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