Valero Energy Balance Sheet Health
Financial Health criteria checks 6/6
Valero Energy has a total shareholder equity of $28.0B and total debt of $9.0B, which brings its debt-to-equity ratio to 32.1%. Its total assets and total liabilities are $60.7B and $32.7B respectively. Valero Energy's EBIT is $15.0B making its interest coverage ratio 32.8. It has cash and short-term investments of $5.1B.
Key information
32.1%
Debt to equity ratio
US$8.99b
Debt
Interest coverage ratio | 32.8x |
Cash | US$5.08b |
Equity | US$27.99b |
Total liabilities | US$32.67b |
Total assets | US$60.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VLE's short term assets ($23.7B) exceed its short term liabilities ($14.9B).
Long Term Liabilities: VLE's short term assets ($23.7B) exceed its long term liabilities ($17.7B).
Debt to Equity History and Analysis
Debt Level: VLE's net debt to equity ratio (14%) is considered satisfactory.
Reducing Debt: VLE's debt to equity ratio has reduced from 39.7% to 32.1% over the past 5 years.
Debt Coverage: VLE's debt is well covered by operating cash flow (120.4%).
Interest Coverage: VLE's interest payments on its debt are well covered by EBIT (32.8x coverage).