Vast Resources (LSE:VAST) Debt-to-Equity : 5.40 (As of Oct. 2023)

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What is Vast Resources Debt-to-Equity?

Vast Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was £8.07 Mil. Vast Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was £0.00 Mil. Vast Resources's Total Stockholders Equity for the quarter that ended in Oct. 2023 was £1.49 Mil. Vast Resources's debt to equity for the quarter that ended in Oct. 2023 was 5.40.

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 Resources's Debt-to-Equity or its related term are showing as below:

LSE:VAST' s Debt-to-Equity Range Over the Past 10 Years
Min: -8.62 Med: 0.64 Max: 5.4
Current: 5.4

During the past 13 years, the highest Debt-to-Equity Ratio of Vast Resources was 5.40. The lowest was -8.62. And the median was 0.64.

LSE:VAST's Debt-to-Equity is ranked worse than
98.93% of 1305 companies
in the Metals & Mining industry
Industry Median: 0.13 vs LSE:VAST: 5.40

Vast Resources Debt-to-Equity Historical Data

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

Vast Resources Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Apr20

Apr21

Apr22

Apr23

Debt-to-Equity

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-4.96

1.80

1.05

4.84

3.61

Vast Resources Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Debt-to-Equity	Get a 7-Day Free Trial															2.35	4.84	2.20	3.61	5.40

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

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

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

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

Vast Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vast Resources's Debt to Equity Ratio for the fiscal year that ended in Apr. 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
	=	(7.363	+	0)	/	2.042
	=	3.61

Vast Resources's Debt to Equity Ratio for the quarter that ended in Oct. 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
	=	(8.066	+	0)	/	1.493
	=	5.40

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

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

Vast Resources (LSE:VAST) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

D9AA:Germany

Address

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

Website

https://www.vastplc.com

Vast Resources PLC 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.

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