Vulcan Steel Ltd (VSL) — Tangible Net Worth Ratio
Vulcan Steel Ltd (VSL) has a Tangible Net Worth Ratio of 82.8% as of December 2025. This metric is calculated by deducting intangible assets (AU$49.78 Million) from net assets (AU$288.69 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See what is Vulcan Steel Ltd's book value for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Vulcan Steel Ltd Tangible Net Worth Ratio (2018–2025)
This chart shows how Vulcan Steel Ltd's Tangible Net Worth Ratio has changed across 8 annual periods from 2018 to 2025. As of December 2025, the ratio stands at 82.8%, reflecting net assets of AU$288.69 Million with intangible assets of AU$49.78 Million AUD. Also explore net asset growth rate of Vulcan Steel Ltd to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Vulcan Steel Ltd (2018–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Vulcan Steel Ltd from 2018 to 2025, covering 8 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see Vulcan Steel Ltd stock valuation.
| Year | Tangible NW Ratio | Net Assets (AUD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 99.9% | AU$169.65 Million | AU$136.00K | AU$858.66 Million | ▲ +0.7 pp |
| 2024 | 99.2% | AU$172.06 Million | AU$1.39 Million | AU$906.43 Million | ▲ +0.8 pp |
| 2023 | 98.4% | AU$185.92 Million | AU$3.03 Million | AU$1.00 Billion | ▼ -1.1 pp |
| 2022 | 99.4% | AU$167.09 Million | AU$920.82K | AU$717.33 Million | ▲ +1.4 pp |
| 2021 | 98.0% | AU$85.86 Million | AU$1.68 Million | AU$580.78 Million | ▼ -0.1 pp |
| 2020 | 98.1% | AU$134.97 Million | AU$2.51 Million | AU$556.32 Million | ▲ +0.4 pp |
| 2019 | 97.8% | AU$140.58 Million | AU$3.14 Million | AU$395.72 Million | ▼ -1.2 pp |
| 2018 | 98.9% | AU$120.99 Million | AU$1.28 Million | AU$329.64 Million | — |