Valero Energy (Valero Energy) Debt-to-Equity

: 0.48 (As of Dec. 2023)

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Valero Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,766 Mil. Valero Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $10,871 Mil. Valero Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $26,346 Mil. Valero Energy's debt to equity for the quarter that ended in Dec. 2023 was 0.48.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

VLO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.45 Max: 0.84
Current: 0.48

During the past 13 years, the highest Debt-to-Equity Ratio of Valero Energy was 0.84. The lowest was 0.31. And the median was 0.45.

VLO's Debt-to-Equity is ranked worse than
51.92% of 832 companies
in the Oil & Gas industry
Industry Median: 0.44 vs VLO: 0.48

Valero Energy Debt-to-Equity Historical Data

The historical data trend for Valero Energy's Debt-to-Equity 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

Debt-to-Equity

0.50

0.84

0.82

0.54

0.48

Valero Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.54	0.46	0.44	0.44	0.48

Competitive Comparison

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

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

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

Valero Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1766	+	10871)	/	26346
	=	0.48

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1766	+	10871)	/	26346
	=	0.48

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

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Valero Energy Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Valero Energy's Debt-to-Equity 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 » Debt-to-Equity

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