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Valero Energy VLO Debt-to-assets

Debt-to-assets at other companies

Devon Energy logo
Devon EnergyDVN
0.3×0.0×
Imperial Oil logo
Imperial OilIMO
0.1×0.0×
Chevron logo
ChevronCVX
0.1×0.0×
Exxon Mobil logo
Exxon MobilXOM
0.1×0.0×
Oneok logo
OneokOKE
0.5×0.0×
Casey's General Stores logo
Casey's General StoresCASY
0.3×0.0×

Other financials

Income statement

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Revenue$32.4B+7.0%
Gross profit$2.1B+305%
Operating income$1.7B+292%
Net income$1.3B+312%
EPS (diluted)$4.22+322%

Balance sheet

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Cash & equivalents$5.7B+23.7%
Total debt$11.5B+5.9%
Total equity$23.9B+1.6%
Total assets$62.1B+5.0%

Cash flow

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Operating cash flow$1.4B+46.0%

Valuation

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Market cap$71.2B+77.9%
Enterprise value$76.95B+66.7%
P/E16.9×-26.1×
P/S0.6×+0.3×

Profitability

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Gross margin5.6%+3.0pp
Operating margin4.7%+3.7pp
Net margin3.4%+2.6pp

Returns & leverage

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Return on equity17.8%+14.0pp
Debt / equity0.5×0.0×
Current ratio1.6×0.0×

Where this comes from

Calculated from Valero Energy’s reported figures.

Based on the most recent quarter.

The official record: Valero Energy’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Valero Energy's debt-to-assets?
Valero Energy (VLO) reported debt-to-assets of 0.2× in Q1 2026.
How has Valero Energy's debt-to-assets changed year-over-year?
Valero Energy's debt-to-assets increased by 0.8% year-over-year, from 0.2× to 0.2×.
What is the long-term trend for Valero Energy's debt-to-assets?
Over 4 years (2021 to 2025), Valero Energy's debt-to-assets has grown at a -7.9% compound annual growth rate (CAGR), from 1.1× to 0.8×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.