Vulcan Steel (ASX:VSL) Equity-to-Asset : 0.19 (As of Dec. 2023)

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What is Vulcan Steel Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Vulcan Steel's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$157 Mil. Vulcan Steel's Total Assets for the quarter that ended in Dec. 2023 was A$844 Mil. Therefore, Vulcan Steel's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.19.

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

ASX:VSL' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.17 Med: 0.19 Max: 0.23
Current: 0.19

During the past 3 years, the highest Equity to Asset Ratio of Vulcan Steel was 0.23. The lowest was 0.17. And the median was 0.19.

ASX:VSL's Equity-to-Asset is ranked worse than
90.82% of 632 companies
in the Steel industry
Industry Median: 0.53 vs ASX:VSL: 0.19

Vulcan Steel Equity-to-Asset Historical Data

The historical data trend for Vulcan Steel's Equity-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.

* Premium members only.

Vulcan Steel Equity-to-Asset Chart

Vulcan Steel Annual Data

Trend

Jun21

Jun22

Jun23

Equity-to-Asset

0.15

0.23

0.19

Vulcan Steel Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	0.21	0.23	0.17	0.19	0.19

Competitive Comparison of Vulcan Steel's Equity-to-Asset

For the Steel subindustry, Vulcan Steel's Equity-to-Asset, along with its competitors' market caps and Equity-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's Equity-to-Asset Distribution in the Steel Industry

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

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

Vulcan Steel Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Vulcan Steel's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Equity to Asset (A: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	169.95	/	917.96
	=	0.19

Vulcan Steel's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	157.352	/	843.9
	=	0.19

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

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Vulcan Steel Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Vulcan Steel's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Vulcan Steel (ASX:VSL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Vulcan Steel Ltd (ASX:VSL) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

VSL:New Zealand

Address

29 Neales Road, East Tamaki, Auckland, NTL, NZL, 2013

Website

https://www.vulcan.co

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, Steel business across New Zealand and Australia which includes Steel distribution, Plate processing, and Coil processing; and Metals business across New , which includes Stainless Steel, Engineering Steel and Aluminium.