Vulcan Steel (ASX:VSL) Debt-to-Asset : 0.55 (As of Dec. 2025)

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ASX:VSL Vulcan Steel Ltd ASX:VSL
52 GF Score
Price A$5.60
GF Value A$6.07
Valuation Fairly Valued
! 5 Warning Signs
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What is Vulcan Steel Debt-to-Asset?

Vulcan Steel ASX:VSL +2.56% 52 Debt-to-Asset is 0.55 as of Dec. 2025. GuruFocus rates ASX:VSL with a GF Score™ of 52/100 and a GF Value™ of A$6.07 (Fairly Valued). The stock has 5 warning signs investors should review.

Vulcan Steel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was A$29.9 Mil. Vulcan Steel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was A$485.0 Mil. Vulcan Steel's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2025 was A$937.7 Mil. Vulcan Steel's debt to asset for the quarter that ended in Dec. 2025 was 0.55.

Vulcan Steel  (ASX:VSL) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Vulcan Steel Debt-to-Asset Related Terms

Vulcan Steel Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for Vulcan Steel's Debt-to-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.

Vulcan Steel Debt-to-Asset Chart

Vulcan Steel Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Debt-to-Asset
0.52 0.65 0.65 0.64

Vulcan Steel Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only 0.65 0.65 0.61 0.64 0.55

ASX:VSL vs NUE, STLD, RS: Debt-to-Asset Comparison

For the Steel subindustry, Vulcan Steel's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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 Debt-to-Asset vs Steel Industry

For the Steel industry and Basic Materials sector, Vulcan Steel's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Vulcan Steel's Debt-to-Asset falls into.


ASX:VSL
52GF Score
Vulcan Steel Ltd ASX:VSL
Debt-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vulcan Steel Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Vulcan Steel's Debt-to-Asset for the fiscal year that ended in Jun. 2025 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(27.228 + 478.008) / 795.959
=0.63

Vulcan Steel's Debt-to-Asset for the quarter that ended in Dec. 2025 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(29.896 + 485) / 937.748
=0.55

* 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.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 0.55 mean?
Vulcan Steel (ASX:VSL) has a Debt-to-Asset of 0.55 as of Dec. 2025. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Vulcan Steel and its competitors.
Is Vulcan Steel's Debt-to-Asset too high?
Vulcan Steel's current Debt-to-Asset is 0.55. Overall, Vulcan Steel has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vulcan Steel's Debt-to-Asset compare to NUE and STLD?
Vulcan Steel's Debt-to-Asset of 0.55 can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Asset for a Steel company?
A good Debt-to-Asset depends on the Steel industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Vulcan Steel and its competitors. Vulcan Steel's current Debt-to-Asset is 0.55. 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 Fairly Valued. The stock's GF Value™ is A$6.07, compared to a current price of A$5.60 — trading 7.7% below its estimated fair value. The current Debt-to-Asset is 0.55. Vulcan Steel's overall GF Score™ is 52/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For Vulcan Steel (ASX:VSL), the current Debt-to-Asset is 0.55 as of Dec. 2025. 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$5.60 is trading 7.7% below its estimated GF Value™ of A$6.07. GuruFocus considers Vulcan Steel to be Fairly Valued.

Key valuation signals for ASX:VSL:

  • Debt-to-Asset: 0.55
  • GF Value™: A$6.07 vs. price of A$5.60 (7.7% below fair value)
  • GF Score™: 52/100 with 5 warning signs

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 Business Description

Other Exchanges VSL:New Zealand
Address 29 Neales Road, East Tamaki, Auckland, NTL, NZL, 2013
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.
52GF Score

Get the complete analysis for ASX:VSL

Debt-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$5.60
Price
A$6.07
GF Value