Valero Energy (BSP:VLOE34) Interest Expense : R$-2,962 Mil (TTM As of Sep. 2024)

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What is Valero Energy Interest Expense?

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 Sep. 2024 was R$ -781 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was R$-2,962 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 Sep. 2024 was R$ 2,808 Mil. Valero Energy's Interest Expense for the three months ended in Sep. 2024 was R$ -781 Mil. Valero Energy's Interest Coverage for the quarter that ended in Sep. 2024 was 3.60. 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.

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Valero Energy Interest Expense Chart

Valero Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1,863.44

-2,896.47

-3,409.91

-2,947.92

-2,900.68

Valero Energy Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-735.87	-730.07	-697.17	-754.05	-780.83

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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was R$-2,962 Mil.

Valero Energy (BSP:VLOE34) 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 Sep. 2024 was R$-781 Mil. Its Operating Income for the three months ended in Sep. 2024 was R$2,808 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was R$54,215 Mil.

Valero Energy's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	2807.665	/	-780.83
	=	3.60

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

Valero Energy Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

VLO:USA VLO:Mexico 0LK6:UK V1L:Germany V1L:Germany VLO:Austria

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 US, Canada, and the United Kingdom. Valero also owns 12 ethanol plants with capacity of 1.6 billion gallons a year and holds a 50% stake in Diamond Green Diesel, which has the capacity to produce 1.2 billion gallons per year of renewable diesel.

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