Vulcan SteelASX:VSL -0.60%60 Interest Coverage is 0.01 as of Dec. 2025, which is 100% below its 10-year median of 5.30. GuruFocus rates ASX:VSL with a GF Score™ of 60/100 and a GF Value™ of A$6.22 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 459 Steel companies, Vulcan Steel ranks worse than 217864.71% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Vulcan Steel's
Operating Income
for the
six
months ended in Dec. 2025 was A$0.2 Mil. Vulcan Steel's Interest Expense for the
six
months ended in Dec. 2025 was A$-15.4 Mil.
Vulcan Steel's interest coverage for the quarter that ended in Dec. 2025 was 0.01.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Vulcan Steel's Interest Coverage or its related term are showing as below:
ASX:VSL's Interest Coverage is not ranked *
in the Steel industry.
Industry Median: 4.48 * Ranked among companies with meaningful Interest Coverage only.
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Vulcan Steel Interest Coverage Related Terms
Vulcan Steel Interest Coverage Historical Data
* Premium members only.
The historical data trend for Vulcan Steel's Interest Coverage 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: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
ASX:VSL vs NUE, STLD, RS: Interest Coverage Comparison
For the Steel subindustry, Vulcan Steel's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Steel Industry
For the Steel industry and Basic Materials sector, Vulcan Steel's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Vulcan Steel's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 Interest Coverage of 0.01 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Vulcan Steel and its competitors. This is 100% below median its historical median of 5.30. According to the industry distribution chart, Vulcan Steel ranks #999999 out of 459 companies in the Steel industry.
Is Vulcan Steel's Interest Coverage too high?
Vulcan Steel's current Interest Coverage of 0.01 is 100% below median its 10-year median of 5.30. The Steel industry median Interest Coverage is 4.48. Vulcan Steel's value of 0.01 is 99.8% below this industry median. Based on the distribution chart, Vulcan Steel ranks #999999 out of 459 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Vulcan Steel has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vulcan Steel's Interest Coverage compare to NUE and STLD?
According to the Steel industry distribution chart, Vulcan Steel ranks #999999 out of 459 companies for Interest Coverage. This places Vulcan Steel in the lower half of its industry. The industry median Interest Coverage is 4.48. Vulcan Steel's value of 0.01 is 99.8% below this benchmark. While the company's 10-year median is 5.30 vs. the industry median of 4.48, 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 Interest Coverage for a Steel company?
The median Interest Coverage among Steel companies is 4.48, based on 459 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vulcan Steel's current Interest Coverage of 0.01 is 99.8% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Vulcan Steel and its competitors. For the Steel industry, the median Interest Coverage is 4.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vulcan Steel's current Interest Coverage is 0.01, which is 100% below median its own 10-year median of 5.30. 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$6.22, compared to a current price of A$5.01 — trading 19.5% below its estimated fair value. The current Interest Coverage is 0.01, which is 100% below median its 10-year median of 5.30 and 99.8% below the Steel industry median of 4.48. Vulcan Steel's overall GF Score™ is 60/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Vulcan Steel (ASX:VSL), the current Interest Coverage is 0.01 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$5.01 is trading 19.5% below its estimated GF Value™ of A$6.22.
GuruFocus considers Vulcan Steel to be Modestly Undervalued.
Key valuation signals for ASX:VSL:
Interest Coverage: 0.01 (100% below median its 10-year median of 5.30)
GF Value™: A$6.22 vs. price of A$5.01 (19.5% below fair value)
Industry Position: 99.8% below the Steel median (#999999 of 459)
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.
60GF Score
Get the complete analysis for ASX:VSL
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:VSL has been successfully added to your 
