Vast Renewables (Vast Renewables) Cash, Cash Equivalents, Marketable Securities : $2.06 Mil (As of Jun. 2023)

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What is Vast Renewables Cash, Cash Equivalents, Marketable Securities?

Vast Renewables's quarterly cash, cash equivalents, marketable securities declined from Jun. 2022 ($0.42 Mil) to Dec. 2022 ($0.21 Mil) but then increased from Dec. 2022 ($0.21 Mil) to Jun. 2023 ($2.06 Mil).

Vast Renewables's annual cash, cash equivalents, marketable securities declined from Jun. 2020 ($4.68 Mil) to Jun. 2021 ($3.10 Mil) and declined from Jun. 2021 ($3.10 Mil) to Jun. 2022 ($0.42 Mil).

Vast Renewables Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Vast Renewables's Cash, Cash Equivalents, Marketable Securities 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.

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Vast Renewables Cash, Cash Equivalents, Marketable Securities Chart

Vast Renewables Annual Data

Trend

Jun20

Jun21

Jun22

Cash, Cash Equivalents, Marketable Securities

4.68

3.10

0.42

Vast Renewables Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23
Cash, Cash Equivalents, Marketable Securities	3.10	-	0.42	0.21	2.06

Vast Renewables Cash, Cash Equivalents, Marketable Securities Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Vast Renewables (NAS:VSTE) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Vast Renewables Cash, Cash Equivalents, Marketable Securities 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, Cash Equivalents, Marketable Securities

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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