Valero Energy Corporation (VLO) — Cash Flow-to-Debt Ratio
Valero Energy Corporation (VLO) has a Cash Flow-to-Debt Ratio of 0.04x as of March 2026, meaning its operating cash flow of $1.39 Billion could theoretically repay 0% of its total liabilities ($35.21 Billion) in one year. See financial flexibility index of Valero Energy Corporation to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Valero Energy Corporation Cash Flow-to-Debt Ratio (1989–2025)
Historical debt coverage capacity for Valero Energy Corporation across 37 annual periods. For the full cash flow conversion analysis, see Valero Energy Corporation (VLO) cash conversion ratio.
Annual Cash Flow-to-Debt Ratio for Valero Energy Corporation (1989–2025)
Year-by-year debt coverage analysis for Valero Energy Corporation. Check Valero Energy Corporation (VLO) cash earnings ratio to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.19x | $5.83 Billion | $31.38 Billion | ▼ -9.4% |
| 2024 | 0.20x | $6.68 Billion | $32.62 Billion | ▼ -23.3% |
| 2023 | 0.27x | $9.23 Billion | $34.53 Billion | ▲ +1335.9% |
| 2022 | 0.02x | $661.00 Million | $35.51 Billion | ▲ +61.4% |
| 2021 | 0.01x | $439.00 Million | $38.07 Billion | ▼ -63.6% |
| 2020 | 0.03x | $1.02 Billion | $32.13 Billion | ▲ +215.1% |
| 2019 | 0.01x | $315.00 Million | $31.33 Billion | ▼ -93.7% |
| 2018 | 0.16x | $4.37 Billion | $27.42 Billion | ▼ -20.7% |
| 2017 | 0.20x | $5.48 Billion | $27.26 Billion | ▲ +5.6% |
| 2016 | 0.19x | $4.82 Billion | $25.32 Billion | ▼ -22.0% |
| 2015 | 0.24x | $5.61 Billion | $22.99 Billion | ▲ +39.9% |
| 2014 | 0.17x | $4.24 Billion | $24.31 Billion | ▼ -14.3% |
| 2013 | 0.20x | $5.56 Billion | $27.31 Billion | ▲ +2.0% |
| 2012 | 0.20x | $5.27 Billion | $26.38 Billion | ▲ +30.3% |
| 2011 | 0.15x | $4.04 Billion | $26.34 Billion | ▲ +13.8% |
| 2010 | 0.13x | $3.04 Billion | $22.60 Billion | ▲ +54.5% |
| 2009 | 0.09x | $1.82 Billion | $20.90 Billion | ▼ -45.2% |
| 2008 | 0.16x | $2.99 Billion | $18.80 Billion | ▼ -26.7% |
| 2007 | 0.22x | $5.26 Billion | $24.21 Billion | ▼ -34.1% |
| 2006 | 0.33x | $6.31 Billion | $19.15 Billion | ▲ +0.5% |
| 2005 | 0.33x | $5.80 Billion | $17.68 Billion | ▲ +28.6% |
| 2004 | 0.26x | $2.96 Billion | $11.59 Billion | ▲ +78.8% |
| 2003 | 0.14x | $1.42 Billion | $9.93 Billion | ▲ +426.0% |
| 2002 | 0.03x | $272.30 Million | $10.04 Billion | ▼ -69.9% |
| 2001 | 0.09x | $905.51 Million | $10.06 Billion | ▼ -61.0% |
| 2000 | 0.23x | $601.30 Million | $2.61 Billion | ▲ +0.4% |
| 1999 | 0.23x | $435.10 Million | $1.89 Billion | ▲ +127.2% |
| 1998 | 0.10x | $165.80 Million | $1.64 Billion | ▼ -39.0% |
| 1997 | 0.17x | $221.10 Million | $1.33 Billion | ▲ +24.0% |
| 1996 | 0.13x | $275.80 Million | $2.06 Billion | ▲ +57.5% |
| 1995 | 0.08x | $155.80 Million | $1.84 Billion | ▲ +125.1% |
| 1994 | 0.04x | $68.10 Million | $1.81 Billion | ▼ -75.8% |
| 1993 | 0.16x | $141.30 Million | $908.30 Million | ▼ -5.8% |
| 1992 | 0.17x | $152.50 Million | $923.30 Million | ▼ -29.7% |
| 1991 | 0.23x | $182.80 Million | $778.30 Million | ▼ -30.8% |
| 1990 | 0.34x | $196.40 Million | $578.70 Million | ▲ +280.6% |
| 1989 | 0.09x | $43.40 Million | $486.70 Million | — |