Vistra Energy Corp (VST)

Debt-to-assets ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	32,966,000	31,945,000	30,472,000	31,117,000	32,787,000	35,175,000	37,468,000	32,833,000	29,683,000	29,932,000	27,015,000	25,886,000	25,208,000	25,499,000	26,307,000	26,669,000	26,616,000	26,443,000	26,520,000	25,568,000
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $32,966,000K
= 0.00

The debt-to-assets ratio of Vistra Corp has been relatively stable over the past eight quarters, ranging from 0.32 to 0.44. This ratio indicates the proportion of the company's assets that are financed through debt. With the ratio consistently below 0.5, it suggests that Vistra Corp relies more on equity financing rather than debt to support its operations and investments. The slight fluctuations in the ratio may reflect changes in the company's capital structure over time but overall demonstrate a prudent approach to maintaining a reasonable level of debt compared to its assets.