Vast Renewables (Vast Renewables) LT-Debt-to-Total-Asset : 1.54 (As of Jun. 2023)

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

What is Vast Renewables LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Vast Renewables's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 1.54.

Vast Renewables's long-term debt to total assets ratio declined from Jun. 2022 (5.25) to Jun. 2023 (1.54). It may suggest that Vast Renewables is progressively becoming less dependent on debt to grow their business.

Vast Renewables LT-Debt-to-Total-Asset Historical Data

The historical data trend for Vast Renewables's LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset Chart

Vast Renewables Annual Data

Trend

Jun20

Jun21

Jun22

LT-Debt-to-Total-Asset

2.41

3.75

5.25

Vast Renewables Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	3.75	-	5.25	0.01	1.54

Vast Renewables LT-Debt-to-Total-Asset Calculation

Vast Renewables's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2022 is calculated as

LT Debt to Total Assets (A: Jun. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2022 )	/	Total Assets (A: Jun. 2022 )
	=	15.688	/	2.989
	=	5.25

Vast Renewables's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	7.162	/	4.656
	=	1.54

Vast Renewables (NAS:VSTE) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Vast Renewables LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Vast Renewables's LT-Debt-to-Total-Asset 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 » LT-Debt-to-Total-Asset

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