Vast Resources (LSE:VAST) Cash-to-Debt : 0.02 (As of Oct. 2024)

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What is Vast Resources 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 Resources's cash to debt ratio for the quarter that ended in Oct. 2024 was 0.02.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Vast Resources couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2024.

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

LSE:VAST' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.1 Max: 1.12
Current: 0.02

During the past 13 years, Vast Resources's highest Cash to Debt Ratio was 1.12. The lowest was 0.00. And the median was 0.10.

LSE:VAST's Cash-to-Debt is ranked worse than
96.23% of 2575 companies
in the Metals & Mining industry
Industry Median: 17.68 vs LSE:VAST: 0.02

Vast Resources Cash-to-Debt Historical Data

The historical data trend for Vast Resources'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 Resources Cash-to-Debt Chart

Vast Resources Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Apr20

Apr21

Apr22

Apr23

Apr24

Cash-to-Debt

Get a 7-Day Free Trial

0.16

0.14

0.01

0.06

Vast Resources Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
Cash-to-Debt	Get a 7-Day Free Trial															0.07	0.06	0.10	-	0.02

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

For the Other Industrial Metals & Mining subindustry, Vast Resources'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 Resources's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Vast Resources's Cash-to-Debt distribution charts can be found below:

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

Vast Resources 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 Resources's Cash to Debt Ratio for the fiscal year that ended in Apr. 2024 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)
	=	0.02	/	(8.318	+	0)
	=	0.00

Vast Resources's Cash to Debt Ratio for the quarter that ended in Oct. 2024 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)
	=	0.18	/	(8.475	+	0)
	=	0.02

Vast Resources (LSE:VAST) 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 Resources Cash-to-Debt Related Terms

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Vast Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vast Resources PLC (LSE:VAST) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

D9A:Germany

Address

60 Gracechurch Street, 6th Floor, Ben Harber, London, GBR, EC3V 0HR

Website

https://www.vastplc.com

Vast Resources PLC is focused on key mining opportunities in Romania, Zimbabwe and Tajikistan. The Group operates in one business segment, the development and mining of mineral assets. It is a resource development company producing copper concentrate, zinc concentrate and gold and silver concentrate from Manaila Polymetallic Mine based at Romania. It has interest in the underground mine, Baita Plai, which is a skarn deposit comprising veins in calcareous sediments in approximately eight distinct pipes. The geographical segments of the company includes Europe and Central Asia and Southern Africa. It has earned revenue from Europe and Central Asia.

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