Virgin Australia Holdings Ltd (VGN) - Net Assets

Latest as of June 2025: AU$-814.60 Million AUD ≈ $-576.38 Million USD

Based on the latest financial reports, Virgin Australia Holdings Ltd (VGN) has net assets worth AU$-814.60 Million AUD (≈ $-576.38 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$4.87 Billion ≈ $3.45 Billion USD) and total liabilities (AU$5.69 Billion ≈ $4.02 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check VGN asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$-814.60 Million
% of Total Assets	-16.72%
Annual Growth Rate	N/A
5-Year Change	-174.64%
10-Year Change	N/A
Growth Volatility	138.03

Virgin Australia Holdings Ltd - Net Assets Trend (2017–2025)

This chart illustrates how Virgin Australia Holdings Ltd's net assets have evolved over time, based on quarterly financial data. Also explore VGN total assets for the complete picture of this company's asset base.

Annual Net Assets for Virgin Australia Holdings Ltd (2017–2025)

The table below shows the annual net assets of Virgin Australia Holdings Ltd from 2017 to 2025. For live valuation and market cap data, see Virgin Australia Holdings Ltd market capitalisation.

Year	Net Assets	Change
2025-06-30	AU$-814.60 Million ≈ $-576.38 Million	+30.89%
2024-06-30	AU$-1.18 Billion ≈ $-834.01 Million	+13.34%
2023-06-30	AU$-1.36 Billion ≈ $-962.43 Million	-330.66%
2019-06-30	AU$589.70 Million ≈ $417.25 Million	-45.97%
2018-06-30	AU$1.09 Billion ≈ $772.24 Million	-30.38%
2017-06-30	AU$1.57 Billion ≈ $1.11 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Virgin Australia Holdings Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 254650000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (June 2025)

Component	Amount	Percentage
Common Stock	AU$2.24 Billion	%
Total Equity	AU$-814.60 Million	100.00%

Virgin Australia Holdings Ltd Competitors by Market Cap

The table below lists competitors of Virgin Australia Holdings Ltd ranked by their market capitalization.

Company	Market Cap
Jiangsu Shentong Valve Co Ltd SHE:002438	$1.20 Billion
Bonheur OL:BONHR	$1.20 Billion
Kale Environmental Technology (Shanghai) Corporation SHE:301070	$1.20 Billion
Array Technologies Inc NASDAQ:ARRY	$1.20 Billion
Shanghai Suochen Information Technology Co. Ltd. A SHG:688507	$1.20 Billion
Foschini Group Ltd JSE:TFG	$1.20 Billion
Beijing Kingee Culture Development Co Ltd SHE:002721	$1.19 Billion
IGB Bhd KLSE:5606	$1.19 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Virgin Australia Holdings Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from -1,178,700,000 to -814,600,000, a change of 364,100,000.
Net income of 478,500,000 contributed positively to equity growth.
Dividend payments of 108,700,000 reduced retained earnings.
Other factors decreased equity by 5,700,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	AU$478.50 Million	+58.74%
Dividends Paid	AU$108.70 Million	-13.34%
Other Changes	AU$-5.70 Million	-0.7%
Total Change	AU$-	%

Book Value vs Market Value Analysis

This analysis compares Virgin Australia Holdings Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-06-30	AU$0.19	AU$2.16	x
2018-06-30	AU$0.13	AU$2.16	x
2019-06-30	AU$0.07	AU$2.16	x
2023-06-30	AU$-1.74	AU$2.16	x
2024-06-30	AU$-1.51	AU$2.16	x
2025-06-30	AU$-1.09	AU$2.16	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Virgin Australia Holdings Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 0.00%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 8.24%
• Asset Turnover: 1.19x
• Equity Multiplier: 0.00x
Recent ROE (0.00%) is above the historical average (-22.61%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2017	-14.05%	-4.37%	0.79x	4.05x	AU$-377.07 Million
2018	-62.40%	-12.56%	0.88x	5.67x	AU$-790.14 Million
2019	-59.20%	-5.99%	0.90x	10.97x	AU$-408.07 Million
2023	0.00%	2.58%	1.35x	0.00x	AU$265.12 Million
2024	0.00%	9.68%	1.41x	0.00x	AU$663.27 Million
2025	0.00%	8.24%	1.19x	0.00x	AU$559.96 Million

Industry Comparison

This section compares Virgin Australia Holdings Ltd's net assets metrics with peer companies in the Airlines industry.

Industry Context

Industry: Airlines
Average net assets among peers: $841,136,000
Average return on equity (ROE) among peers: 69.33%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Virgin Australia Holdings Ltd (VGN)	AU$-814.60 Million	-14.05%	N/A	$1.20 Billion
Air New Zealand Ltd (AIZ)	$1.57 Billion	5.24%	1.94x	$800.73 Million
Qantas Airways Ltd (QAN)	$783.00 Million	204.98%	28.83x	$9.08 Billion
Regional Express Holdings Ltd (REX)	$174.41 Million	-2.21%	1.40x	$45.67 Million

About Virgin Australia Holdings Ltd

AU:VGN Australia Airlines

Market Cap

$1.20 Billion

AU$1.69 Billion AUD

Market Cap Rank

#8350 Global

#197 in Australia

Share Price

AU$2.16

Change (1 day)

-0.46%

52-Week Range

AU$2.16 - AU$3.72

All Time High

AU$3.72