Valero Energy Debt to Equity Ratio 2011-2025 | VLO

Current and historical debt to equity ratio values for Valero Energy (VLO) over the last 10 years. The debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity. Valero Energy debt/equity for the three months ending September 30, 2025 was 0.36.
Valero Energy Debt/Equity Ratio Historical Data
Date Long Term Debt Shareholder's Equity Debt to Equity Ratio
2025-09-30 $31.87B $26.75B 1.19
2025-06-30 $32.49B $26.95B 1.21
2025-03-31 $32.86B $26.32B 1.25
2024-12-31 $32.62B $27.52B 1.19
2024-09-30 $32.38B $28.00B 1.16
2024-06-30 $35.37B $28.25B 1.25
2024-03-31 $33.75B $28.82B 1.17
2023-12-31 $34.53B $28.52B 1.21
2023-09-30 $35.12B $28.06B 1.25
2023-06-30 $32.67B $27.99B 1.17
2023-03-31 $33.11B $27.07B 1.22
2022-12-31 $35.51B $25.47B 1.39
2022-09-30 $35.61B $23.72B 1.50
2022-06-30 $41.61B $22.73B 1.83
2022-03-31 $39.99B $20.41B 1.96
2021-12-31 $38.07B $19.82B 1.92
2021-09-30 $36.10B $18.59B 1.94
2021-06-30 $36.75B $18.70B 1.97
2021-03-31 $34.89B $18.73B 1.86
2020-12-31 $32.13B $19.64B 1.64
2020-09-30 $31.72B $20.02B 1.59
2020-06-30 $28.47B $20.63B 1.38
2020-03-31 $28.06B $19.69B 1.43
2019-12-31 $31.33B $22.54B 1.39
2019-09-30 $29.64B $21.59B 1.37
2019-06-30 $30.19B $21.84B 1.38
2019-03-31 $30.32B $21.78B 1.39
2018-12-31 $27.42B $22.73B 1.21
2018-09-30 $28.93B $22.96B 1.26
2018-06-30 $27.87B $22.80B 1.22
2018-03-31 $26.45B $22.93B 1.15
2017-12-31 $27.26B $22.90B 1.19
2017-09-30 $26.76B $21.22B 1.26
2017-06-30 $25.21B $20.77B 1.21
2017-03-31 $25.40B $20.65B 1.23
2016-12-31 $25.32B $20.85B 1.21
2016-09-30 $25.14B $21.13B 1.19
2016-06-30 $24.05B $21.40B 1.12
2016-03-31 $22.76B $21.50B 1.06
2015-12-31 $22.87B $21.35B 1.07
2015-09-30 $23.96B $21.87B 1.10
2015-06-30 $25.59B $22.01B 1.16
2015-03-31 $24.40B $21.34B 1.14
2014-12-31 $24.31B $21.24B 1.14
2014-09-30 $27.39B $21.06B 1.30
2014-06-30 $26.29B $20.72B 1.27
2014-03-31 $26.69B $20.41B 1.31
2013-12-31 $27.31B $19.95B 1.37
2013-09-30 $27.91B $18.39B 1.52
2013-06-30 $26.15B $18.03B 1.45
2013-03-31 $27.08B $18.42B 1.47
2012-12-31 $26.38B $18.10B 1.46
2012-09-30 $26.41B $17.39B 1.52
2012-06-30 $24.57B $16.62B 1.48
2012-03-31 $26.64B $15.99B 1.67
2011-12-31 $26.34B $16.45B 1.60
2011-09-30 $25.01B $16.67B 1.50
2011-06-30 $23.53B $15.99B 1.47
2011-03-31 $24.37B $15.22B 1.60
2010-12-31 $22.60B $15.03B 1.50
2010-09-30 $21.88B $15.40B 1.42
2010-06-30 $21.43B $15.05B 1.42
2010-03-31 $21.80B $14.67B 1.49
2009-12-31 $20.85B $14.73B 1.42
2009-09-30 $20.92B $15.89B 1.32
2009-06-30 $20.81B $16.41B 1.27
2009-03-31 $19.97B $15.80B 1.26
2008-12-31 $18.80B $15.62B 1.20
2008-09-30 $24.09B $19.71B 1.22
2008-06-30 $24.98B $18.68B 1.34
2008-03-31 $22.44B $18.23B 1.23
2007-12-31 $24.22B $18.51B 1.31
2007-09-30 $22.89B $18.97B 1.21
2007-06-30 $22.24B $18.12B 1.23
2007-03-31 $19.46B $18.73B 1.04
2006-12-31 $19.15B $18.61B 1.03
2006-09-30 $18.83B $17.82B 1.06
2006-06-30 $19.76B $16.76B 1.18
2006-03-31 $17.91B $15.40B 1.16
2005-12-31 $17.75B $15.05B 1.18
2005-09-30 $18.98B $13.79B 1.38
2005-06-30 $12.74B $8.90B 1.43
2005-03-31 $12.32B $7.99B 1.54
2004-12-31 $11.59B $7.80B 1.49
2004-09-30 $12.22B $7.22B 1.69
2004-06-30 $11.82B $6.74B 1.75
2004-03-31 $11.34B $6.44B 1.76
2003-12-31 $9.93B $5.74B 1.73
2003-09-30 $9.68B $5.57B 1.74
2003-06-30 $9.47B $5.00B 1.90
2003-03-31 $9.84B $4.80B 2.05
2002-12-31 $10.16B $4.31B 2.36
2002-09-30 $9.75B $4.21B 2.32
2002-06-30 $9.75B $4.25B 2.30
2002-03-31 $10.26B $4.25B 2.41
2001-12-31 $10.20B $4.20B 2.43
2001-09-30 $3.29B $2.04B 1.61
2001-06-30 $3.26B $1.95B 1.67
2001-03-31 $2.86B $1.71B 1.68
2000-12-31 $2.78B $1.53B 1.82
2000-09-30 $2.77B $1.45B 1.91
2000-06-30 $2.87B $1.35B 2.13
2000-03-31 $2.01B $1.11B 1.82
1999-12-31 $1.90B $1.09B 1.75
1999-09-30 $1.92B $1.08B 1.79
1999-06-30 $1.81B $1.06B 1.72
1999-03-31 $1.73B $1.08B 1.61
1998-12-31 $1.64B $1.09B 1.51
1998-09-30 $1.63B $1.17B 1.39
1998-06-30 $1.29B $1.18B 1.09
1998-03-31 $1.28B $1.15B 1.12
1997-12-31 $1.33B $1.16B 1.15
1997-09-30 $1.27B $1.15B 1.10
1997-06-30 $1.70B $1.24B 1.36
1997-03-31 $1.77B $1.10B 1.61
1996-12-31 $2.06B $1.09B 1.90
1996-09-30 $1.78B $1.08B 1.65
1996-06-30 $1.74B $1.07B 1.62
1996-03-31 $1.72B $1.05B 1.63
1995-12-31 $1.84B $1.04B 1.76
1995-09-30 $1.71B $1.05B 1.63
1995-06-30 $1.72B $1.04B 1.66
1995-03-31 $1.72B $1.01B 1.69
1994-12-31 $1.81B $1.03B 1.76
1994-09-30 $1.62B $1.03B 1.57
1994-06-30 $1.69B $1.02B 1.65
1994-03-31 $0.84B $1.03B 0.82
1993-12-31 $0.91B $0.86B 1.06
1993-09-30 $0.95B $0.87B 1.09
1993-06-30 $0.95B $0.87B 1.10
1993-03-31 $0.93B $0.85B 1.10
1992-12-31 $0.92B $0.84B 1.11
1992-09-30 $0.91B $0.83B 1.10
1992-06-30 $0.87B $0.81B 1.08
1992-03-31 $0.72B $0.79B 0.91
1991-12-31 $0.80B $0.70B 1.14
1991-09-30 $0.70B $0.71B 0.99
1991-06-30 $0.66B $0.71B 0.93
1991-03-31 $0.69B $0.69B 1.00
1990-12-31 $0.58B $0.68B 0.86
1990-09-30 $0.50B $0.65B 0.76
1990-06-30 $0.46B $0.55B 0.82
1990-03-31 $0.46B $0.54B 0.85
1989-12-31 $0.49B $0.53B 0.92
1989-09-30 $0.42B $0.53B 0.79
1989-06-30 $0.49B $0.53B 0.92
1989-03-31 $0.40B $0.52B 0.77
1988-12-31 $0.40B $0.53B 0.76
1988-09-30 $0.44B $0.52B 0.85
1988-06-30 $0.46B $0.52B 0.88
1988-03-31 $0.47B $0.52B 0.90
1987-12-31 $0.45B $0.51B 0.88
1987-09-30 $0.46B $0.52B 0.88
1987-06-30 $0.56B $0.44B 1.27
1987-03-31 $0.57B $0.45B 1.26
1986-12-31 $1.29B $0.41B 3.12
1985-12-31 $1.48B $0.52B 2.85
Sector Industry Market Cap Revenue
Oils/Energy Oil Refining & Marketing $55.439B $129.881B
Valero Energy Corporation is the largest independent refiner and marketer of petroleum products in the United States. It has refineries located throughout the United States, Canada and the United Kingdom. Moreover, Valero is a leading ethanol producer with ethanol plants in the Midwest. The products of the company are sold in the markets of the United States, Canada, the United Kingdom, Ireland and Latin America. The company's brand names are carried by outlets. The company organizes its business through three reportable segments, namely, Refining, Ethanol and Renewable Diesel.
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