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Vistra VST Debt-to-assets

Debt-to-assets at other companies

Nextra Energy logo
Nextra EnergyNEE
0.4×0.0×
Ameren logo
AmerenAEE
0.4×0.0×
NRG Energy logo
NRG EnergyNRG
0.7×+0.2×
CNP
CenterPoint EnergyCNP
0.4×0.0×
Constellation Energy logo
Constellation EnergyCEG
0.2×
Entergy logo
EntergyETR
0.4×0.0×

Other financials

Income statement

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Revenue$5.6B+43.4%
Operating income$1.5B+1,349%
Net income$1.0B+484%
EPS (diluted)$2.87+409%

Balance sheet

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Cash & equivalents$677.0M+13.6%
Total debt$19.2B+6.7%
Total equity$5.6B+16.0%
Total assets$41.3B+8.1%

Cash flow

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Operating cash flow$1.2B+100%
CapEx$883.0M+15.0%
Free cash flow$316.0M+287%

Valuation

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Market cap$55.21B+27.4%
Enterprise value$73.7B+21.1%
P/E24.6×+6.8×
P/S2.8×+0.4×

Profitability

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Operating margin18.1%-3.3pp
Net margin11.5%-1.9pp

Returns & leverage

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Return on equity43%-3.3pp
Debt / equity3.4×-0.3×
Current ratio0.9×0.0×

Where this comes from

Calculated from Vistra’s reported figures.

Based on the most recent quarter.

The official record: Vistra’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Vistra's debt-to-assets?
Vistra (VST) reported debt-to-assets of 0.5× in Q1 2026.
How has Vistra's debt-to-assets changed year-over-year?
Vistra's debt-to-assets decreased by 1.3% year-over-year, from 0.5× to 0.5×.
What is the long-term trend for Vistra's debt-to-assets?
Over 4 years (2021 to 2025), Vistra's debt-to-assets has grown at a 3.0% compound annual growth rate (CAGR), from 1.6× to 1.8×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.