Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
Liquidity ratio | Description | The company |
---|---|---|
Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Valero Energy Corp. current ratio improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Valero Energy Corp. quick ratio improved from Q3 2023 to Q4 2023 but then slightly deteriorated from Q4 2023 to Q1 2024 not reaching Q3 2023 level. |
Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Valero Energy Corp. cash ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Current Ratio
Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
Current assets | 25,674) | 26,221) | 26,577) | 23,695) | 23,335) | 24,133) | 22,696) | 27,409) | 23,313) | 21,165) | 18,790) | 19,372) | 17,591) | 15,844) | 15,422) | 12,762) | 11,465) | 18,969) | 17,033) | 17,811) | 18,480) | |||||||
Current liabilities | 16,149) | 16,802) | 17,592) | 14,948) | 15,365) | 17,461) | 17,237) | 21,969) | 19,785) | 16,851) | 14,313) | 14,214) | 12,307) | 9,283) | 8,122) | 7,300) | 8,732) | 13,160) | 12,130) | 12,548) | 12,913) | |||||||
Liquidity Ratio | ||||||||||||||||||||||||||||
Current ratio1 | 1.59 | 1.56 | 1.51 | 1.59 | 1.52 | 1.38 | 1.32 | 1.25 | 1.18 | 1.26 | 1.31 | 1.36 | 1.43 | 1.71 | 1.90 | 1.75 | 1.31 | 1.44 | 1.40 | 1.42 | 1.43 | |||||||
Benchmarks | ||||||||||||||||||||||||||||
Current Ratio, Competitors2 | ||||||||||||||||||||||||||||
Chevron Corp. | 1.23 | 1.27 | 1.25 | 1.43 | 1.43 | 1.47 | 1.40 | 1.31 | 1.43 | 1.26 | 1.28 | 1.17 | 1.11 | 1.18 | 1.26 | 1.14 | 1.01 | 1.07 | 1.12 | 1.15 | 1.12 | |||||||
ConocoPhillips | 1.35 | 1.43 | 1.66 | 1.41 | 1.39 | 1.46 | 1.46 | 1.54 | 1.51 | 1.34 | 1.93 | 2.11 | 2.03 | 2.25 | 2.38 | 2.69 | 2.16 | 2.40 | 2.56 | 1.76 | 1.86 | |||||||
Exxon Mobil Corp. | 1.38 | 1.48 | 1.42 | 1.48 | 1.46 | 1.41 | 1.34 | 1.16 | 1.07 | 1.04 | 0.90 | 0.85 | 0.80 | 0.80 | 0.86 | 0.93 | 0.78 | 0.78 | 0.78 | 0.74 | 0.77 | |||||||
Marathon Petroleum Corp. | 1.43 | 1.59 | 1.67 | 1.84 | 1.90 | 1.76 | 1.66 | 1.49 | 1.45 | 1.70 | 2.02 | 1.98 | 1.89 | 1.81 | 1.84 | 1.27 | 1.16 | 1.25 | 1.25 | 1.24 | 1.20 | |||||||
Occidental Petroleum Corp. | 0.95 | 0.92 | 0.92 | 1.00 | 1.09 | 1.15 | 1.10 | 1.07 | 1.16 | 1.23 | 1.08 | 1.34 | 1.17 | 1.07 | 1.02 | 0.85 | 1.18 | 1.25 | 1.33 | 1.20 | 1.23 |
Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 25,674 ÷ 16,149 = 1.59
2 Click competitor name to see calculations.
Liquidity ratio | Description | The company |
---|---|---|
Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Valero Energy Corp. current ratio improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Quick Ratio
Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
Cash and cash equivalents | 4,917) | 5,424) | 5,831) | 5,075) | 5,521) | 4,862) | 3,969) | 5,392) | 2,638) | 4,122) | 3,498) | 3,572) | 2,254) | 3,313) | 4,047) | 2,319) | 1,515) | 2,583) | 2,137) | 2,033) | 2,777) | |||||||
Receivables, net | 12,150) | 12,525) | 12,566) | 10,888) | 9,688) | 11,919) | 11,581) | 14,439) | 13,080) | 10,378) | 8,627) | 9,132) | 9,014) | 6,109) | 5,601) | 4,152) | 5,392) | 8,904) | 7,994) | 9,050) | 8,289) | |||||||
Total quick assets | 17,067) | 17,949) | 18,397) | 15,963) | 15,209) | 16,781) | 15,550) | 19,831) | 15,718) | 14,500) | 12,125) | 12,704) | 11,268) | 9,422) | 9,648) | 6,471) | 6,907) | 11,487) | 10,131) | 11,083) | 11,066) | |||||||
Current liabilities | 16,149) | 16,802) | 17,592) | 14,948) | 15,365) | 17,461) | 17,237) | 21,969) | 19,785) | 16,851) | 14,313) | 14,214) | 12,307) | 9,283) | 8,122) | 7,300) | 8,732) | 13,160) | 12,130) | 12,548) | 12,913) | |||||||
Liquidity Ratio | ||||||||||||||||||||||||||||
Quick ratio1 | 1.06 | 1.07 | 1.05 | 1.07 | 0.99 | 0.96 | 0.90 | 0.90 | 0.79 | 0.86 | 0.85 | 0.89 | 0.92 | 1.01 | 1.19 | 0.89 | 0.79 | 0.87 | 0.84 | 0.88 | 0.86 | |||||||
Benchmarks | ||||||||||||||||||||||||||||
Quick Ratio, Competitors2 | ||||||||||||||||||||||||||||
Chevron Corp. | 0.81 | 0.87 | 0.84 | 0.97 | 1.03 | 1.12 | 1.03 | 1.00 | 1.12 | 0.90 | 0.90 | 0.83 | 0.77 | 0.77 | 0.84 | 0.74 | 0.66 | 0.72 | 0.82 | 0.80 | 0.79 | |||||||
ConocoPhillips | 1.13 | 1.21 | 1.46 | 1.19 | 1.20 | 1.27 | 1.27 | 1.34 | 1.29 | 1.10 | 1.66 | 1.86 | 1.81 | 1.98 | 2.04 | 2.29 | 1.72 | 1.93 | 2.30 | 1.35 | 1.65 | |||||||
Exxon Mobil Corp. | 1.02 | 1.06 | 1.05 | 1.06 | 1.07 | 1.03 | 0.98 | 0.84 | 0.74 | 0.69 | 0.55 | 0.51 | 0.47 | 0.44 | 0.51 | 0.55 | 0.50 | 0.47 | 0.48 | 0.45 | 0.48 | |||||||
Marathon Petroleum Corp. | 0.95 | 1.08 | 1.17 | 1.24 | 1.27 | 1.26 | 1.15 | 1.08 | 1.05 | 1.22 | 1.35 | 1.39 | 0.50 | 0.39 | 0.39 | 0.47 | 0.54 | 0.58 | 0.59 | 0.59 | 0.51 | |||||||
Occidental Petroleum Corp. | 0.52 | 0.51 | 0.48 | 0.45 | 0.60 | 0.68 | 0.67 | 0.79 | 0.84 | 0.84 | 0.61 | 0.82 | 0.62 | 0.50 | 0.38 | 0.34 | 0.37 | 0.63 | 0.68 | 0.89 | 0.94 |
Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q1 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 17,067 ÷ 16,149 = 1.06
2 Click competitor name to see calculations.
Liquidity ratio | Description | The company |
---|---|---|
Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Valero Energy Corp. quick ratio improved from Q3 2023 to Q4 2023 but then slightly deteriorated from Q4 2023 to Q1 2024 not reaching Q3 2023 level. |
Cash Ratio
Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
Cash and cash equivalents | 4,917) | 5,424) | 5,831) | 5,075) | 5,521) | 4,862) | 3,969) | 5,392) | 2,638) | 4,122) | 3,498) | 3,572) | 2,254) | 3,313) | 4,047) | 2,319) | 1,515) | 2,583) | 2,137) | 2,033) | 2,777) | |||||||
Total cash assets | 4,917) | 5,424) | 5,831) | 5,075) | 5,521) | 4,862) | 3,969) | 5,392) | 2,638) | 4,122) | 3,498) | 3,572) | 2,254) | 3,313) | 4,047) | 2,319) | 1,515) | 2,583) | 2,137) | 2,033) | 2,777) | |||||||
Current liabilities | 16,149) | 16,802) | 17,592) | 14,948) | 15,365) | 17,461) | 17,237) | 21,969) | 19,785) | 16,851) | 14,313) | 14,214) | 12,307) | 9,283) | 8,122) | 7,300) | 8,732) | 13,160) | 12,130) | 12,548) | 12,913) | |||||||
Liquidity Ratio | ||||||||||||||||||||||||||||
Cash ratio1 | 0.30 | 0.32 | 0.33 | 0.34 | 0.36 | 0.28 | 0.23 | 0.25 | 0.13 | 0.24 | 0.24 | 0.25 | 0.18 | 0.36 | 0.50 | 0.32 | 0.17 | 0.20 | 0.18 | 0.16 | 0.22 | |||||||
Benchmarks | ||||||||||||||||||||||||||||
Cash Ratio, Competitors2 | ||||||||||||||||||||||||||||
Chevron Corp. | 0.19 | 0.25 | 0.18 | 0.32 | 0.47 | 0.52 | 0.42 | 0.32 | 0.38 | 0.21 | 0.24 | 0.27 | 0.26 | 0.25 | 0.35 | 0.33 | 0.30 | 0.22 | 0.39 | 0.30 | 0.29 | |||||||
ConocoPhillips | 0.60 | 0.66 | 0.91 | 0.71 | 0.75 | 0.72 | 0.74 | 0.67 | 0.61 | 0.55 | 1.14 | 1.31 | 1.18 | 1.46 | 1.58 | 1.92 | 1.35 | 1.45 | 1.69 | 0.95 | 1.12 | |||||||
Exxon Mobil Corp. | 0.46 | 0.48 | 0.46 | 0.48 | 0.49 | 0.43 | 0.41 | 0.24 | 0.15 | 0.12 | 0.08 | 0.06 | 0.06 | 0.08 | 0.16 | 0.22 | 0.18 | 0.05 | 0.08 | 0.06 | 0.07 | |||||||
Marathon Petroleum Corp. | 0.35 | 0.51 | 0.60 | 0.66 | 0.67 | 0.59 | 0.52 | 0.47 | 0.42 | 0.61 | 0.78 | 0.88 | 0.04 | 0.03 | 0.04 | 0.09 | 0.12 | 0.09 | 0.10 | 0.08 | 0.06 | |||||||
Occidental Petroleum Corp. | 0.14 | 0.16 | 0.07 | 0.07 | 0.16 | 0.13 | 0.16 | 0.14 | 0.22 | 0.33 | 0.23 | 0.48 | 0.26 | 0.24 | 0.18 | 0.10 | 0.17 | 0.20 | 0.31 | 0.22 | 0.23 |
Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q1 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 4,917 ÷ 16,149 = 0.30
2 Click competitor name to see calculations.
Liquidity ratio | Description | The company |
---|---|---|
Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Valero Energy Corp. cash ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |