Vast Renewables (Vast Renewables) Debt-to-Equity : 2.45 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Vast Renewables Debt-to-Equity?

Vast Renewables's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.04 Mil. Vast Renewables's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5.40 Mil. Vast Renewables's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2.22 Mil. Vast Renewables's debt to equity for the quarter that ended in Dec. 2023 was 2.45.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

VSTE' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.19 Med: -0.97 Max: 2.45
Current: 2.45

During the past 3 years, the highest Debt-to-Equity Ratio of Vast Renewables was 2.45. The lowest was -1.19. And the median was -0.97.

VSTE's Debt-to-Equity is ranked worse than
96.23% of 875 companies
in the Semiconductors industry
Industry Median: 0.27 vs VSTE: 2.45

Vast Renewables Debt-to-Equity Historical Data

The historical data trend for Vast Renewables's Debt-to-Equity 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.

* Premium members only.

Vast Renewables Debt-to-Equity Chart

Vast Renewables Annual Data

Trend

Jun20

Jun21

Jun22

Debt-to-Equity

-1.16

-1.19

-0.97

Vast Renewables Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			N/A	-0.97	-1.00	-0.92	2.45

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

For the Solar subindustry, Vast Renewables's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Semiconductors Industry

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

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

Vast Renewables Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.037	+	15.688)	/	-16.228
	=	-0.97

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.036	+	5.404)	/	2.219
	=	2.45

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

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Vast Renewables Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Vast Renewables's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Vast Renewables (Vast Renewables) Business Description

Industry

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

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

From GuruFocus

Vast Announces Appointment of Two Additional Directors to its Recently Expanded Board of Directors

By Business Wire • 01-12-2024