Vulcan Energy Resources (ASX:VUL) Debt-to-Equity: 0.04 (As of Dec. 2025) — 300% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ASX:VUL Vulcan Energy Resources Ltd ASX:VUL
51 GF Score
Price A$2.86
GF Value A$3.53
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Vulcan Energy Resources Debt-to-Equity?

Vulcan Energy Resources ASX:VUL +4.38% 51 Debt-to-Equity is 0.04 as of Dec. 2025, which is 300% above its 10-year median of 0.01. GuruFocus rates ASX:VUL with a GF Score™ of 51/100 and a GF Value™ of A$3.53 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,224 Metals & Mining companies, Vulcan Energy Resources ranks better than 72.47% on this metric.

Vulcan Energy Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was A$3.43 Mil. Vulcan Energy Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was A$50.52 Mil. Vulcan Energy Resources's Total Stockholders Equity for the quarter that ended in Dec. 2025 was A$1,510.19 Mil. Vulcan Energy Resources's debt to equity for the quarter that ended in Dec. 2025 was 0.04.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Vulcan Energy Resources's Debt-to-Equity or its related term are showing as below:

ASX:VUL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.01   Max: 0.04
Current: 0.04

During the past 7 years, the highest Debt-to-Equity Ratio of Vulcan Energy Resources was 0.04. The lowest was 0.00. And the median was 0.01.

ASX:VUL's Debt-to-Equity is ranked better than
72.47% of 1224 companies
in the Metals & Mining industry
Industry Median: 0.14 vs ASX:VUL: 0.04

Vulcan Energy Resources  (ASX:VUL) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Vulcan Energy Resources Debt-to-Equity Related Terms


Vulcan Energy Resources Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Vulcan Energy Resources's Debt-to-Equity 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 Energy Resources Debt-to-Equity Chart

Vulcan Energy Resources Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial 0.00 0.01 0.02 0.01 0.04

Vulcan Energy Resources Semi-Annual Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.01 0.01 0.02 0.04

Vulcan Energy Resources Debt-to-Equity Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Vulcan Energy Resources's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Energy Resources Debt-to-Equity vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Vulcan Energy Resources's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Vulcan Energy Resources's Debt-to-Equity falls into.


ASX:VUL
51GF Score
Vulcan Energy Resources Ltd ASX:VUL
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vulcan Energy Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vulcan Energy Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Vulcan Energy Resources's Debt to Equity Ratio for the quarter that ended in Dec. 2025 is calculated as

* 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-Equity →
What does a Debt-to-Equity of 0.04 mean?
Vulcan Energy Resources (ASX:VUL) has a Debt-to-Equity of 0.04 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Vulcan Energy Resources and its competitors. This is 300% above median its historical median of 0.01. According to the industry distribution chart, Vulcan Energy Resources ranks #337 out of 1224 companies in the Metals & Mining industry, placing it in the top 27.5%.
Is Vulcan Energy Resources' Debt-to-Equity too high?
Vulcan Energy Resources' current Debt-to-Equity of 0.04 is 300% above median its 10-year median of 0.01. The Metals & Mining industry median Debt-to-Equity is 0.14. Vulcan Energy Resources' value of 0.04 is 71.4% below this industry median. Based on the distribution chart, Vulcan Energy Resources ranks #337 out of 1224 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Vulcan Energy Resources has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vulcan Energy Resources' Debt-to-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Vulcan Energy Resources ranks #337 out of 1224 companies for Debt-to-Equity. This puts Vulcan Energy Resources in the upper half of its industry. The industry median Debt-to-Equity is 0.14. Vulcan Energy Resources' value of 0.04 is 71.4% below this benchmark. While the company's 10-year median is 0.01 vs. the industry median of 0.14, Vulcan Energy Resources 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 Debt-to-Equity for a Metals & Mining company?
The median Debt-to-Equity among Metals & Mining companies is 0.14, based on 1,224 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vulcan Energy Resources's current Debt-to-Equity of 0.04 is 71.4% 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Vulcan Energy Resources and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vulcan Energy Resources's current Debt-to-Equity is 0.04, which is 300% above median its own 10-year median of 0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vulcan Energy Resources stock overvalued right now?
Based on GuruFocus' analysis, Vulcan Energy Resources (ASX:VUL) is currently considered Modestly Undervalued. The stock's GF Value™ is A$3.53, compared to a current price of A$2.86 — trading 19% below its estimated fair value. The current Debt-to-Equity is 0.04, which is 300% above median its 10-year median of 0.01 and 71.4% below the Metals & Mining industry median of 0.14. Vulcan Energy Resources' overall GF Score™ is 51/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Vulcan Energy Resources (ASX:VUL), the current Debt-to-Equity is 0.04 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 Energy Resources (ASX:VUL) Overvalued in 2026?

Based on GuruFocus' analysis, Vulcan Energy Resources stock appears to be undervalued. The current stock price of A$2.86 is trading 19% below its estimated GF Value™ of A$3.53. GuruFocus considers Vulcan Energy Resources to be Modestly Undervalued.

Key valuation signals for ASX:VUL:

  • Debt-to-Equity: 0.04 (300% above median its 10-year median of 0.01)
  • GF Value™: A$3.53 vs. price of A$2.86 (19% below fair value)
  • GF Score™: 51/100 with 2 warning signs
  • Industry Position: 71.4% below the Metals & Mining median (#337 of 1224)

No single metric tells the full story. See the ASX:VUL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vulcan Energy Resources Business Description

Other Exchanges VULNF:USAVUL:Germany
Address 1 Spring Street, Level 11, Perth, WA, AUS, 6000
Website https://v-er.eu
Vulcan Energy Resources Ltd is engaged in geothermal energy and lithium exploration and production. The company's Lionheart Project is an integrated lithium and renewable energy project that produces battery-quality lithium from naturally heated subsurface brine in the Upper Rhine Valley, to deliver a local source of sustainable lithium for the European battery industry, with a co-product of renewable energy for local heating needs. It has developed an aluminate-based sorbent, VULSORB, to produce lithium from subsurface brine and harnesses geothermal energy from its operations in the Upper Rhine Valley. The company has three operating segments based on geographical location: Germany, which derives the maximum revenue, other European countries, and Australia.
51GF Score

Get the complete analysis for ASX:VUL

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

A$2.86
Price
A$3.53
GF Value