Vulcan Steel Balance Sheet Health
Financial Health criteria checks 2/6
Vulcan Steel has a total shareholder equity of NZ$172.1M and total debt of NZ$299.9M, which brings its debt-to-equity ratio to 174.3%. Its total assets and total liabilities are NZ$906.4M and NZ$734.4M respectively. Vulcan Steel's EBIT is NZ$99.0M making its interest coverage ratio 2.7. It has cash and short-term investments of NZ$24.1M.
Key information
174.3%
Debt to equity ratio
NZ$299.90m
Debt
| Interest coverage ratio | 2.7x |
| Cash | NZ$24.11m |
| Equity | NZ$172.06m |
| Total liabilities | NZ$734.38m |
| Total assets | NZ$906.43m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VSL's short term assets (NZ$533.3M) exceed its short term liabilities (NZ$169.4M).
Long Term Liabilities: VSL's short term assets (NZ$533.3M) do not cover its long term liabilities (NZ$565.0M).
Debt to Equity History and Analysis
Debt Level: VSL's net debt to equity ratio (160.3%) is considered high.
Reducing Debt: VSL's debt to equity ratio has increased from 93.8% to 174.3% over the past 5 years.
Debt Coverage: VSL's debt is well covered by operating cash flow (56.3%).
Interest Coverage: VSL's interest payments on its debt are not well covered by EBIT (2.7x coverage).