Vulcan Steel Ltd (VSL) — Net Asset Quality Index
Vulcan Steel Ltd (VSL) has a Net Asset Quality Index of 26.8% as of December 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of AU$1.08 Billion minus total liabilities of AU$787.93 Million yields net assets of AU$288.69 Million. A higher index indicates a stronger, lower-leverage balance sheet. Read Vulcan Steel Ltd balance sheet liabilities for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
Vulcan Steel Ltd Net Asset Quality Index Over Time (2018–2025)
This chart shows how Vulcan Steel Ltd's Net Asset Quality Index has evolved across 8 annual periods from 2018 to 2025. As of December 2025, the index stands at 26.8%, representing net assets of AU$288.69 Million against total assets of AU$1.08 Billion AUD. For live market cap and overall valuation, see VSL market cap overview.
Annual Net Asset Quality Index for Vulcan Steel Ltd (2018–2025)
The table below presents the year-by-year Net Asset Quality Index for Vulcan Steel Ltd from 2018 to 2025, covering 8 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. Check VSL strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (AUD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 19.8% | AU$169.65 Million | AU$858.66 Million | AU$689.01 Million | ▲ +0.8 pp |
| 2024 | 19.0% | AU$172.06 Million | AU$906.43 Million | AU$734.38 Million | ▲ +0.5 pp |
| 2023 | 18.5% | AU$185.92 Million | AU$1.00 Billion | AU$818.29 Million | ▼ -4.8 pp |
| 2022 | 23.3% | AU$167.09 Million | AU$717.33 Million | AU$550.25 Million | ▲ +8.5 pp |
| 2021 | 14.8% | AU$85.86 Million | AU$580.78 Million | AU$494.92 Million | ▼ -9.5 pp |
| 2020 | 24.3% | AU$134.97 Million | AU$556.32 Million | AU$421.35 Million | ▼ -11.3 pp |
| 2019 | 35.5% | AU$140.58 Million | AU$395.72 Million | AU$255.14 Million | ▼ -1.2 pp |
| 2018 | 36.7% | AU$120.99 Million | AU$329.64 Million | AU$208.65 Million | — |