Vast Renewables (Vast Renewables) Effective Interest Rate on Debt % : 18.57% (As of Dec. 2023)

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What is Vast Renewables Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Vast Renewables's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $3.01 Mil. Vast Renewables's average total debt for the quarter that ended in Dec. 2023 was $16.22 Mil. Therefore, Vast Renewables's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 18.57%.

Vast Renewables Effective Interest Rate on Debt % Historical Data

The historical data trend for Vast Renewables's Effective Interest Rate on 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.

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Vast Renewables Effective Interest Rate on Debt % Chart

Vast Renewables Annual Data

Trend

Jun20

Jun21

Jun22

Effective Interest Rate on Debt %

14.93

13.54

Vast Renewables Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			13.27	13.81	12.23	12.23	18.57

Competitive Comparison of Vast Renewables's Effective Interest Rate on Debt %

For the Solar subindustry, Vast Renewables's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on 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 Renewables's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Vast Renewables's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Vast Renewables's Effective Interest Rate on Debt % falls into.

Vast Renewables Effective Interest Rate on Debt % Calculation

Vast Renewables's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2021 )	+	Total Debt (A: Jun. 2022 ))	/ count )
=	-1 * -2.119	/	( (15.568	+	15.725)	/ 2 )
=	-1 * -2.119	/	15.6465
=	13.54 %

where

	Total Debt (A: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15.533	+	0.035
=	15.568

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15.688	+	0.037
=	15.725

Vast Renewables's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -3.012	/	( (27	+	5.44)	/ 2 )
=	-1 * -3.012	/	16.22
=	18.57 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.162	+	19.838
=	27

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.404	+	0.036
=	5.44

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is two times the semi-annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Vast Renewables (NAS:VSTE) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Vast Renewables Effective Interest Rate on Debt % Related Terms

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Vast Renewables (Vast Renewables) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Vast Renewables Ltd (NAS:VSTE) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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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.

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