Vulcan Steel Balance Sheet Health
Financial Health criteria checks 3/6
Vulcan Steel has a total shareholder equity of NZ$169.3M and total debt of NZ$301.6M, which brings its debt-to-equity ratio to 178.2%. Its total assets and total liabilities are NZ$907.7M and NZ$738.5M respectively. Vulcan Steel's EBIT is NZ$128.5M making its interest coverage ratio 3.3. It has cash and short-term investments of NZ$4.0M.
Key information
178.2%
Debt to equity ratio
NZ$301.65m
Debt
| Interest coverage ratio | 3.3x |
| Cash | NZ$4.02m |
| Equity | NZ$169.25m |
| Total liabilities | NZ$738.48m |
| Total assets | NZ$907.73m |
Recent financial health updates
No updates
Recent updates
There Are Reasons To Feel Uneasy About Vulcan Steel's (ASX:VSL) Returns On Capital
Mar 21
Vulcan Steel's (ASX:VSL) Dividend Is Being Reduced To NZ$0.305
Sep 18Vulcan Steel's (ASX:VSL) Dividend Is Being Reduced To NZ$0.305
Aug 31Should You Be Adding Vulcan Steel (ASX:VSL) To Your Watchlist Today?
Jul 04Vulcan Steel's (ASX:VSL) Shareholders May Want To Dig Deeper Than Statutory Profit
Feb 20Vulcan Steel Limited's (ASX:VSL) Shares Lagging The Market But So Is The Business
Dec 15Does This Valuation Of Vulcan Steel Limited (ASX:VSL) Imply Investors Are Overpaying?
Jun 09Financial Position Analysis
Short Term Liabilities: VSL's short term assets (NZ$537.2M) exceed its short term liabilities (NZ$170.6M).
Long Term Liabilities: VSL's short term assets (NZ$537.2M) do not cover its long term liabilities (NZ$567.9M).
Debt to Equity History and Analysis
Debt Level: VSL's net debt to equity ratio (175.9%) is considered high.
Reducing Debt: VSL's debt to equity ratio has increased from 75.9% to 178.2% over the past 5 years.
Debt Coverage: VSL's debt is well covered by operating cash flow (77.8%).
Interest Coverage: VSL's interest payments on its debt are well covered by EBIT (3.3x coverage).