VSTTF (Vast Renewables) Debt-to-Equity: -1.72 (As of Dec. 2024)

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What is Vast Renewables Debt-to-Equity?

Vast Renewables VSTTF Debt-to-Equity is -1.72 as of Dec. 2024.

Vast Renewables's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.10 Mil. Vast Renewables's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $6.81 Mil. Vast Renewables's Total Stockholders Equity for the quarter that ended in Dec. 2024 was $-4.01 Mil. Vast Renewables's debt to equity for the quarter that ended in Dec. 2024 was -1.72.

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:

VSTTF's Debt-to-Equity is not ranked *
in the Semiconductors industry.
Industry Median: 0.255
* Ranked among companies with meaningful Debt-to-Equity only.

Vast Renewables  (OTCPK:VSTTF) 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

Vast Renewables Debt-to-Equity Historical Data

* Premium members only.

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.

Vast Renewables Debt-to-Equity Chart

Vast Renewables Annual Data
Trend Jun20 Jun21 Jun22 Jun23 Jun24
Debt-to-Equity
-1.16 -1.19 -0.97 -0.92 -1.60

Vast Renewables Semi-Annual Data
Jun20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only -1.00 -0.92 2.45 -1.60 -1.72

VSTTF vs APWL, FSLR, NXT: Debt-to-Equity Comparison

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 Debt-to-Equity vs 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. 2024 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
=(0.134 + 13.12) / -8.299
=-1.60

Vast Renewables's Debt to Equity Ratio for the quarter that ended in Dec. 2024 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
=(0.1 + 6.805) / -4.008
=-1.72

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of -1.72 mean?
Vast Renewables (VSTTF) has a Debt-to-Equity of -1.72 as of Dec. 2024. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Vast Renewables and its competitors.
Is Vast Renewables' Debt-to-Equity too high?
Vast Renewables' current Debt-to-Equity is -1.72.
How does Vast Renewables' Debt-to-Equity compare to APWL and FSLR?
Vast Renewables' Debt-to-Equity of -1.72 can be compared against companies in the Semiconductors industry. The industry median Debt-to-Equity is 0.26. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Semiconductors company?
The median Debt-to-Equity among Semiconductors companies is 0.26, based on 902 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Vast Renewables and its competitors. For the Semiconductors industry, the median Debt-to-Equity is 0.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vast Renewables's current Debt-to-Equity is -1.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vast Renewables stock overvalued right now?
Vast Renewables (VSTTF) has a current Debt-to-Equity of -1.72. The current Debt-to-Equity is -1.72. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Vast Renewables (VSTTF), the current Debt-to-Equity is -1.72 as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Vast Renewables Business Description

Address 124 Walker Street, Suite 7.02, North Sydney, NSW, AUS, 2060
Vast Renewables 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.