Valero Energy Corp.、合併資產負債表結構：負債和股東權益（季度數據）
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2024年9月30日 |
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2024年6月30日 |
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2024年3月31日 |
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2023年12月31日 |
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2023年9月30日 |
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2023年6月30日 |
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2023年3月31日 |
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2022年12月31日 |
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2022年9月30日 |
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2022年6月30日 |
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2022年3月31日 |
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2021年12月31日 |
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2021年9月30日 |
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2021年6月30日 |
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2021年3月31日 |
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2020年12月31日 |
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2020年9月30日 |
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2020年6月30日 |
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2020年3月31日 |
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2019年12月31日 |
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2019年9月30日 |
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2019年6月30日 |
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2019年3月31日 |
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債務和融資租賃義務的流動部分 |
1.68% | |
1.56% | |
1.36% | |
2.23% | |
2.11% | |
1.97% | |
2.09% | |
1.82% | |
1.70% | |
1.59% | |
2.14% | |
2.18% | |
2.12% | |
1.88% | |
1.37% | |
1.40% | |
1.23% | |
1.20% | |
1.86% | |
0.92% | |
0.78% | |
0.62% | |
2.13% | |
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應付帳款 |
19.07% | |
22.90% | |
19.91% | |
19.93% | |
21.12% | |
17.84% | |
17.45% | |
20.87% | |
21.92% | |
25.87% | |
25.22% | |
21.58% | |
17.96% | |
18.34% | |
17.00% | |
11.75% | |
10.12% | |
9.47% | |
12.37% | |
18.95% | |
18.55% | |
19.48% | |
19.21% | |
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應計費用 |
1.97% | |
1.67% | |
1.75% | |
1.97% | |
1.93% | |
1.84% | |
1.94% | |
1.99% | |
2.13% | |
1.73% | |
1.89% | |
2.16% | |
2.81% | |
2.32% | |
2.03% | |
1.92% | |
1.79% | |
1.75% | |
1.81% | |
1.76% | |
1.72% | |
1.47% | |
1.48% | |
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應繳所得稅以外的稅款 |
2.32% | |
2.34% | |
2.16% | |
2.30% | |
2.25% | |
2.46% | |
2.62% | |
2.57% | |
2.21% | |
2.49% | |
2.45% | |
2.52% | |
2.83% | |
2.77% | |
2.30% | |
2.65% | |
2.45% | |
2.21% | |
2.13% | |
2.42% | |
2.29% | |
2.20% | |
1.84% | |
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應交所得稅 |
0.29% | |
0.32% | |
0.62% | |
0.22% | |
0.44% | |
0.53% | |
1.44% | |
1.38% | |
1.10% | |
2.48% | |
1.05% | |
0.65% | |
0.45% | |
0.32% | |
0.26% | |
0.22% | |
0.11% | |
0.24% | |
0.12% | |
0.39% | |
0.33% | |
0.35% | |
0.12% | |
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流動負債 |
25.34% |
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28.80% |
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25.81% |
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26.65% |
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27.85% |
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24.64% |
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25.53% |
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28.63% |
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29.05% |
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34.14% |
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32.76% |
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29.11% |
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26.17% |
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25.63% |
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22.95% |
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17.93% |
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15.70% |
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14.87% |
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18.29% |
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24.43% |
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23.68% |
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24.12% |
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24.79% |
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債務和融資租賃義務，減去流動部分 |
16.21% | |
15.32% | |
16.05% | |
16.05% | |
16.00% | |
16.70% | |
16.91% | |
17.26% | |
17.82% | |
18.43% | |
19.65% | |
21.78% | |
23.90% | |
24.59% | |
25.98% | |
26.95% | |
28.18% | |
24.62% | |
22.15% | |
17.04% | |
17.90% | |
17.62% | |
17.29% | |
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遞延所得稅負債 |
8.72% | |
8.21% | |
8.41% | |
8.48% | |
8.28% | |
8.87% | |
8.77% | |
8.55% | |
8.32% | |
7.45% | |
8.23% | |
9.00% | |
9.34% | |
9.27% | |
9.39% | |
10.19% | |
10.24% | |
10.80% | |
10.28% | |
9.47% | |
9.60% | |
9.42% | |
9.34% | |
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其他長期負債 |
3.36% | |
3.26% | |
3.67% | |
3.59% | |
3.46% | |
3.65% | |
3.81% | |
3.79% | |
4.84% | |
4.65% | |
5.58% | |
5.88% | |
6.60% | |
6.78% | |
6.74% | |
6.99% | |
7.19% | |
7.68% | |
8.06% | |
7.22% | |
6.68% | |
6.86% | |
6.78% | |
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長期負債 |
28.29% |
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26.80% |
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28.13% |
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28.12% |
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27.74% |
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29.22% |
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29.49% |
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29.60% |
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30.97% |
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30.53% |
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33.45% |
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36.66% |
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39.84% |
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40.64% |
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42.12% |
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44.13% |
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45.61% |
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43.11% |
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40.48% |
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33.73% |
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34.18% |
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33.90% |
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33.41% |
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總負債 |
53.63% |
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55.59% |
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53.94% |
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54.76% |
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55.59% |
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53.86% |
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55.02% |
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58.24% |
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60.03% |
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64.67% |
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66.21% |
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65.77% |
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66.01% |
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66.27% |
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65.07% |
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62.06% |
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61.31% |
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57.97% |
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58.77% |
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58.16% |
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57.86% |
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58.02% |
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58.19% |
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普通股，面值0.01美元 |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
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額外實收資本 |
11.49% | |
10.89% | |
11.05% | |
10.94% | |
10.92% | |
11.36% | |
11.43% | |
11.25% | |
11.56% | |
10.64% | |
11.31% | |
11.79% | |
12.49% | |
12.30% | |
12.70% | |
13.16% | |
13.21% | |
13.90% | |
14.27% | |
12.66% | |
13.31% | |
13.09% | |
13.06% | |
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庫存股，按成本計算 |
-46.27% | |
-43.03% | |
-42.08% | |
-40.16% | |
-38.59% | |
-37.23% | |
-35.96% | |
-33.12% | |
-31.12% | |
-27.25% | |
-26.15% | |
-27.08% | |
-28.70% | |
-28.30% | |
-29.28% | |
-30.36% | |
-30.46% | |
-32.10% | |
-33.02% | |
-29.05% | |
-30.20% | |
-29.16% | |
-28.71% | |
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留存收益 |
77.96% | |
73.96% | |
74.34% | |
72.36% | |
70.87% | |
70.07% | |
68.02% | |
62.72% | |
59.85% | |
51.41% | |
47.66% | |
48.85% | |
50.60% | |
49.79% | |
51.94% | |
55.92% | |
57.43% | |
62.27% | |
62.25% | |
59.36% | |
61.07% | |
59.68% | |
59.14% | |
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累計其他綜合損失 |
-1.37% | |
-1.84% | |
-1.69% | |
-1.38% | |
-2.10% | |
-1.60% | |
-2.00% | |
-2.23% | |
-3.37% | |
-2.21% | |
-1.67% | |
-1.74% | |
-2.45% | |
-1.96% | |
-2.17% | |
-2.42% | |
-3.04% | |
-3.66% | |
-4.06% | |
-2.51% | |
-2.98% | |
-2.60% | |
-2.60% | |
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瓦萊羅能源公司股東權益總額 |
41.82% |
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40.00% |
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41.64% |
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41.78% |
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41.12% |
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42.61% |
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41.51% |
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38.64% |
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36.93% |
|
32.59% |
|
31.16% |
|
31.84% |
|
31.95% |
|
31.83% |
|
33.20% |
|
36.31% |
|
37.16% |
|
40.42% |
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39.46% |
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40.48% |
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41.20% |
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41.03% |
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40.90% |
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非控制性權益 |
4.55% | |
4.41% | |
4.42% | |
3.45% | |
3.30% | |
3.53% | |
3.47% | |
3.13% | |
3.04% | |
2.74% | |
2.63% | |
2.40% | |
2.04% | |
1.90% | |
1.73% | |
1.62% | |
1.53% | |
1.60% | |
1.77% | |
1.36% | |
0.94% | |
0.95% | |
0.90% | |
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總權益 |
46.37% |
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44.41% |
|
46.06% |
|
45.24% |
|
44.41% |
|
46.14% |
|
44.98% |
|
41.76% |
|
39.97% |
|
35.33% |
|
33.79% |
|
34.23% |
|
33.99% |
|
33.73% |
|
34.93% |
|
37.94% |
|
38.69% |
|
42.03% |
|
41.23% |
|
41.84% |
|
42.14% |
|
41.98% |
|
41.81% |
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負債和權益合計 |
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
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根據報告：
10-Q (報告日期： 2024-09-30), 10-Q (報告日期： 2024-06-30), 10-Q (報告日期： 2024-03-31), 10-K (報告日期： 2023-12-31), 10-Q (報告日期： 2023-09-30), 10-Q (報告日期： 2023-06-30), 10-Q (報告日期： 2023-03-31), 10-K (報告日期： 2022-12-31), 10-Q (報告日期： 2022-09-30), 10-Q (報告日期： 2022-06-30), 10-Q (報告日期： 2022-03-31), 10-K (報告日期： 2021-12-31), 10-Q (報告日期： 2021-09-30), 10-Q (報告日期： 2021-06-30), 10-Q (報告日期： 2021-03-31), 10-K (報告日期： 2020-12-31), 10-Q (報告日期： 2020-09-30), 10-Q (報告日期： 2020-06-30), 10-Q (報告日期： 2020-03-31), 10-K (報告日期： 2019-12-31), 10-Q (報告日期： 2019-09-30), 10-Q (報告日期： 2019-06-30), 10-Q (報告日期： 2019-03-31).
從資料中可以觀察到，Valero Energy Corp. 的財務結構在過去五年的該期間呈現出較為明顯的變化與趨勢。首先，負債與權益的比例（Total Debt-to-Equity Ratio）在整體上較為穩定，惟在2020年疫情爆發的期間呈現短暫上升趨勢，且在2021年以後逐步下降，反映出公司在資本結構的調整中逐漸減少負債比例以提升財務穩定性。
就短期流動性部分，流動負債（Current Liabilities）佔比波動較大，尤其於2021年度達到最高約29%以上，之後稍微回落，顯示公司的短期負債壓力在疫情期間較為嚴峻。應付帳款比例亦在此期間有所上升，反映出公司可能延長支付期限或應對改善營運現金流的策略。此外，應計費用與應交所得稅之比率亦有所變動，但整體上看，短期負債在占比上偏高，且在疫情後逐步調整回較正常水平。
公司長期負債的比例，從2020年起逐步降低，尤其是長期負債占比由約45%下降至約27%-30%之間，顯示公司有逐步縮減長期負債的傾向，以降低長期財務風險。特別是，減少債務的努力，配合流動負債比重的調整，有助於維持財務的穩健性。
其他重要的資產負債表項目如留存收益，則表現出穩步上升的趨勢，從約50%逐步上升到超過70%，說明公司累積盈餘的能力較為穩定，且未來潛在的投資與擴張資金支持較為充裕。同時，庫存股的比重呈持續下降趨勢，顯示公司可能進行股份回購的策略已在放緩，但仍持續維持一定的比例。
整體而言，Valero Energy Corp. 在疫情期間經歷短期的資金與負債壓力，隨後逐步調整負債結構並提高股東權益的比例。公司趨向於穩健經營，降低長期負債風險和維持較高的留存收益，以支撐未來的資本運作和風險控管。未來若能進一步降低短期負債比重，可能會進一步改善公司的短期償債能力與整體財務彈性。
