Vast Renewables (Vast Renewables) Debt-to-EBITDA : -1.32 (As of Jun. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Vast Renewables Debt-to-EBITDA?

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

Vast Renewables's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $19.84 Mil. Vast Renewables's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $7.16 Mil. Vast Renewables's annualized EBITDA for the quarter that ended in Jun. 2023 was $-20.40 Mil. Vast Renewables's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 was -1.32.

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.

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

VSTE' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -3.39 Med: 77.74 Max: 158.86
Current: -2.07

During the past 3 years, the highest Debt-to-EBITDA Ratio of Vast Renewables was 158.86. The lowest was -3.39. And the median was 77.74.

VSTE's Debt-to-EBITDA is ranked worse than
100% of 710 companies
in the Semiconductors industry
Industry Median: 1.59 vs VSTE: -2.07

Vast Renewables Debt-to-EBITDA Historical Data

The historical data trend for Vast Renewables's Debt-to-EBITDA 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 Renewables Debt-to-EBITDA Chart

Vast Renewables Annual Data

Trend

Jun20

Jun21

Jun22

Debt-to-EBITDA

N/A

158.86

-3.39

Vast Renewables Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-EBITDA	N/A	-	-2.55	-3.50	-1.32

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

For the Solar subindustry, Vast Renewables'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 Renewables's Debt-to-EBITDA Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Vast Renewables's Debt-to-EBITDA distribution charts can be found below:

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

Vast Renewables Debt-to-EBITDA Calculation

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

Vast Renewables's Debt-to-EBITDA for the fiscal year that ended in Jun. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.037	+	15.688)	/	-4.645
	=	-3.39

Vast Renewables's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(19.838	+	7.162)	/	-20.402
	=	-1.32

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 (Jun. 2023) EBITDA data.

Vast Renewables (NAS:VSTE) 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 Renewables Debt-to-EBITDA Related Terms

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

Vast Renewables (Vast Renewables) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Vast Renewables Ltd (NAS:VSTE) » Definitions » Debt-to-EBITDA

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

From GuruFocus

Vast Announces Appointment of Two Additional Directors to its Recently Expanded Board of Directors

By Business Wire • 01-12-2024