Stock Analysis on Net

Valero Energy Corp. (NYSE:VLO)

Analysis of Liquidity Ratios

Microsoft Excel

Liquidity Ratios (Summary)

Valero Energy Corp., liquidity ratios

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Current ratio 1.56 1.38 1.26 1.71 1.44
Quick ratio 1.07 0.96 0.86 1.01 0.88
Cash ratio 0.32 0.28 0.24 0.36 0.20

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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 2021 to 2022 and from 2022 to 2023.
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 2021 to 2022 and from 2022 to 2023.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Valero Energy Corp. cash ratio improved from 2021 to 2022 and from 2022 to 2023.

Current Ratio

Valero Energy Corp., current ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Current assets 26,221 24,133 21,165 15,844 18,969
Current liabilities 16,802 17,461 16,851 9,283 13,160
Liquidity Ratio
Current ratio1 1.56 1.38 1.26 1.71 1.44
Benchmarks
Current Ratio, Competitors2
Chevron Corp. 1.27 1.47 1.26 1.18 1.07
ConocoPhillips 1.43 1.46 1.34 2.25 2.40
Exxon Mobil Corp. 1.48 1.41 1.04 0.80 0.78
Marathon Petroleum Corp. 1.59 1.76 1.70 1.81 1.25
Occidental Petroleum Corp. 0.92 1.15 1.23 1.07 1.25
Pioneer Natural Resources Co. 0.88 0.96 1.52 1.36 0.88
Current Ratio, Sector
Oil, Gas & Consumable Fuels 1.41 1.44 1.24 1.16 1.08
Current Ratio, Industry
Energy 1.41 1.43 1.24 1.17 1.09

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 26,221 ÷ 16,802 = 1.56

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 2021 to 2022 and from 2022 to 2023.

Quick Ratio

Valero Energy Corp., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 5,424 4,862 4,122 3,313 2,583
Receivables, net 12,525 11,919 10,378 6,109 8,988
Total quick assets 17,949 16,781 14,500 9,422 11,571
 
Current liabilities 16,802 17,461 16,851 9,283 13,160
Liquidity Ratio
Quick ratio1 1.07 0.96 0.86 1.01 0.88
Benchmarks
Quick Ratio, Competitors2
Chevron Corp. 0.87 1.12 0.90 0.77 0.72
ConocoPhillips 1.21 1.27 1.10 1.98 1.93
Exxon Mobil Corp. 1.06 1.03 0.69 0.44 0.47
Marathon Petroleum Corp. 1.08 1.26 1.22 0.39 0.58
Occidental Petroleum Corp. 0.51 0.68 0.84 0.50 0.63
Pioneer Natural Resources Co. 0.66 0.79 1.41 1.22 0.77
Quick Ratio, Sector
Oil, Gas & Consumable Fuels 1.00 1.07 0.88 0.63 0.66
Quick Ratio, Industry
Energy 0.99 1.05 0.88 0.64 0.67

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 17,949 ÷ 16,802 = 1.07

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 2021 to 2022 and from 2022 to 2023.

Cash Ratio

Valero Energy Corp., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 5,424 4,862 4,122 3,313 2,583
Total cash assets 5,424 4,862 4,122 3,313 2,583
 
Current liabilities 16,802 17,461 16,851 9,283 13,160
Liquidity Ratio
Cash ratio1 0.32 0.28 0.24 0.36 0.20
Benchmarks
Cash Ratio, Competitors2
Chevron Corp. 0.25 0.52 0.21 0.25 0.22
ConocoPhillips 0.66 0.72 0.55 1.46 1.45
Exxon Mobil Corp. 0.48 0.43 0.12 0.08 0.05
Marathon Petroleum Corp. 0.51 0.59 0.61 0.03 0.09
Occidental Petroleum Corp. 0.16 0.13 0.33 0.24 0.20
Pioneer Natural Resources Co. 0.13 0.31 1.00 0.85 0.36
Cash Ratio, Sector
Oil, Gas & Consumable Fuels 0.41 0.46 0.29 0.21 0.19
Cash Ratio, Industry
Energy 0.40 0.44 0.29 0.22 0.19

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 5,424 ÷ 16,802 = 0.32

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 improved from 2021 to 2022 and from 2022 to 2023.