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Vulcan SteelASX:VSL +5.05%59 Cash-to-Debt is 0.05 as of Jun. 2026, which is 25% above its 10-year median of 0.04. GuruFocus rates ASX:VSL with a GF Score™ of 59/100 and a GF Value™ of A$6.41 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 605 Steel companies, Vulcan Steel ranks worse than 87.93% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Vulcan Steel's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.05.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Vulcan Steelcouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Vulcan Steel's Cash-to-Debt or its related term are showing as below:
ASX:VSL'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.04 Max: 0.06
Current: 0.05
During the past 5 years, Vulcan Steel's highest Cash to Debt Ratio was 0.06. The lowest was 0.03. And the median was 0.04.
ASX:VSL's Cash-to-Debt is ranked worse than 87.93% of 605
companies
in the Steel industry
Industry Median: 0.39
vs ASX:VSL: 0.05
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Vulcan Steel Cash-to-Debt Related Terms
Vulcan Steel Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Vulcan Steel's Cash-to-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.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Steel subindustry, Vulcan Steel's Cash-to-Debt, along with its competitors' market caps and Cash-to-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.
Vulcan Steel Cash-to-Debt vs Steel Industry
For the Steel industry and Basic Materials sector, Vulcan Steel's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Vulcan Steel's Cash-to-Debt falls into.
* 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.
Vulcan Steel (ASX:VSL) has a Cash-to-Debt of 0.05 as of Jun. 2026. This is 25% above median its historical median of 0.04. Over the past decade, Vulcan Steel's Cash-to-Debt has ranged from 0.03 to 0.06. According to the industry distribution chart, Vulcan Steel ranks #532 out of 605 companies in the Steel industry, placing it in the top 87.9%.
Is Vulcan Steel's Cash-to-Debt too high?
Vulcan Steel's current Cash-to-Debt of 0.05 is 25% above median its 10-year median of 0.04. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 0.06. The Steel industry median Cash-to-Debt is 0.39. Vulcan Steel's value of 0.05 is 87.2% below this industry median. Based on the distribution chart, Vulcan Steel ranks #532 out of 605 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Vulcan Steel has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vulcan Steel's Cash-to-Debt compare to NUE and STLD?
According to the Steel industry distribution chart, Vulcan Steel ranks #532 out of 605 companies for Cash-to-Debt. This places Vulcan Steel in the lower half of its industry. The industry median Cash-to-Debt is 0.39. Vulcan Steel's value of 0.05 is 87.2% below this benchmark. Historically, Vulcan Steel's own Cash-to-Debt has ranged from 0.03 to 0.06 over the past decade. While the company's 10-year median is 0.04 vs. the industry median of 0.39, Vulcan Steel has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Steel company?
The median Cash-to-Debt among Steel companies is 0.39, based on 605 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vulcan Steel's current Cash-to-Debt of 0.05 is 87.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Steel industry, the median Cash-to-Debt is 0.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vulcan Steel's current Cash-to-Debt is 0.05, which is 25% above median its own 10-year median of 0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vulcan Steel stock overvalued right now?
Based on GuruFocus' analysis, Vulcan Steel (ASX:VSL) is currently considered Modestly Undervalued. The stock's GF Value™ is A$6.41, compared to a current price of A$5.62 — trading 12.3% below its estimated fair value. The current Cash-to-Debt is 0.05, which is 25% above median its 10-year median of 0.04 and 87.2% below the Steel industry median of 0.39. Vulcan Steel's overall GF Score™ is 59/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Vulcan Steel (ASX:VSL), the current Cash-to-Debt is 0.05 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Vulcan Steel (ASX:VSL) Overvalued in 2026?
Based on GuruFocus' analysis, Vulcan Steel stock appears to be undervalued.
The current stock price of A$5.62 is trading 12.3% below its estimated GF Value™ of A$6.41.
GuruFocus considers Vulcan Steel to be Modestly Undervalued.
Key valuation signals for ASX:VSL:
Cash-to-Debt: 0.05 (25% above median its 10-year median of 0.04)
GF Value™: A$6.41 vs. price of A$5.62 (12.3% below fair value)
Industry Position: 87.2% below the Steel median (#532 of 605)
No single metric tells the full story. See the ASX:VSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vulcan Steel Ltd is a metals distributor and processor. Its products include Steel, Stainless Steel, Engineering steel, Plate processing, and Coil processing. The company has two operating segments namely, the Steel business across New Zealand and Australia which includes Steel distribution, Plate processing, and Coil processing; and Metals business across New Zealand, which includes Stainless Steel, Engineering Steel, and Aluminium.
59GF Score
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