Vulcan Steel (ASX:VSL) LT-Debt-to-Total-Asset : 0.58 (As of Dec. 2024)

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What is Vulcan Steel LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Vulcan Steel's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.58.

Vulcan Steel's long-term debt to total assets ratio declined from Dec. 2023 (0.63) to Dec. 2024 (0.58). It may suggest that Vulcan Steel is progressively becoming less dependent on debt to grow their business.

Vulcan Steel LT-Debt-to-Total-Asset Historical Data

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

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Vulcan Steel LT-Debt-to-Total-Asset Chart

Vulcan Steel Annual Data

Trend

Jun23

Jun24

LT-Debt-to-Total-Asset

0.62

Vulcan Steel Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	0.64	0.62	0.63	0.62	0.58

Vulcan Steel LT-Debt-to-Total-Asset Calculation

Vulcan Steel's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	522.315	/	837.99
	=	0.62

Vulcan Steel's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	461.678	/	795.979
	=	0.58

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

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Vulcan Steel LT-Debt-to-Total-Asset Related Terms

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Vulcan Steel Business Description

Industry

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

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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, 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.