Vast Resources (LSE:VAST) Debt-to-EBITDA : -0.77 (As of Apr. 2024)

Vast Resources Debt-to-EBITDA Chart

Vast Resources Annual Data
	Trend	Mar14	Mar15	Mar16	Mar17	Mar18	Apr20	Apr21	Apr22	Apr23	Apr24
Debt-to-EBITDA		Get a 7-Day Free Trial					-1.39	-2.75	-0.85	-1.18	-0.90

Vast Resources Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24
Debt-to-EBITDA	Get a 7-Day Free Trial															-0.77	-0.81	-2.02	-1.04	-0.77

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

For the Other Industrial Metals & Mining subindustry, Vast Resources's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA Distribution in the Metals & Mining Industry

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

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

Vast Resources Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Vast Resources's Debt-to-EBITDA for the fiscal year that ended in Apr. 2024 is calculated as

Vast Resources's annualized Debt-to-EBITDA for the quarter that ended in Apr. 2024 is calculated as

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is two times the quarterly (Apr. 2024) EBITDA data.

Vast Resources  (LSE:VAST) Debt-to-EBITDA Explanation

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

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Vast Resources Debt-to-EBITDA Related Terms

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Vast Resources Business Description