Vast Renewables (Vast Renewables) Cash-to-Debt : 3.04 (As of Dec. 2023)

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What is Vast Renewables Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Vast Renewables's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.04.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Vast Renewables could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Vast Renewables's Cash-to-Debt or its related term are showing as below:

VSTE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.08 Max: 3.04
Current: 3.04

During the past 3 years, Vast Renewables's highest Cash to Debt Ratio was 3.04. The lowest was 0.01. And the median was 0.08.

VSTE's Cash-to-Debt is ranked better than
59.56% of 994 companies
in the Semiconductors industry
Industry Median: 1.765 vs VSTE: 3.04

Vast Renewables Cash-to-Debt Historical Data

The historical data trend for Vast Renewables's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Vast Renewables Cash-to-Debt Chart

Vast Renewables Annual Data

Trend

Jun20

Jun21

Jun22

Cash-to-Debt

0.34

0.20

0.03

Vast Renewables Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			N/A	0.03	0.01	0.08	3.04

Competitive Comparison of Vast Renewables's Cash-to-Debt

For the Solar subindustry, Vast Renewables's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Vast Renewables's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Vast Renewables's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Vast Renewables's Cash-to-Debt falls into.

Vast Renewables Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Vast Renewables's Cash to Debt Ratio for the fiscal year that ended in Jun. 2022 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.423	/	(0.037	+	15.688)
	=	0.03

Vast Renewables's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	16.509	/	(0.036	+	5.404)
	=	3.03

Vast Renewables (NAS:VSTE) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Vast Renewables Cash-to-Debt Related Terms

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Vast Renewables (Vast Renewables) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Vast Renewables Ltd (NAS:VSTE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

226-230 Liverpool Street, Darlinghurst, NSW, AUS, 2010

Website

https://www.vast.energy

Vast Solar Pty Ltd is a clean, renewable energy company specializing in the design and manufacturing of concentrated solar thermal power (CSP) systems to generate carbon-free, utility-scale electricity, industrial heat, and green fuels. The Company's differentiated modular CSP system, utilizing proprietary sodium loop heat transfer technology, provides customers with a solution to the enduring challenge of intermittent renewable energy through 24/7 dispatchable power and heat.

Vast Renewables (Vast Renewables) Headlines

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