Vulcan Energy Resources Limited (VUL) — Tangible Net Worth Ratio
Vulcan Energy Resources Limited (VUL) has a Tangible Net Worth Ratio of 99.3% as of December 2025. This metric is calculated by deducting intangible assets (AU$6.40 Million) from net assets (AU$857.25 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. Also explore Vulcan Energy Resources Limited annual equity growth to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Vulcan Energy Resources Limited Tangible Net Worth Ratio (2017–2025)
This chart shows how Vulcan Energy Resources Limited's Tangible Net Worth Ratio has changed across 17 annual periods from 2017 to 2025. As of December 2025, the ratio stands at 99.3%, reflecting net assets of AU$857.25 Million with intangible assets of AU$6.40 Million AUD. For live market cap and overall valuation, see VUL market cap overview.
Annual Tangible Net Worth Ratio for Vulcan Energy Resources Limited (2017–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Vulcan Energy Resources Limited from 2017 to 2025, covering 17 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. See VUL FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
| Year | Tangible NW Ratio | Net Assets (AUD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 99.3% | AU$857.25 Million | AU$6.40 Million | AU$957.35 Million | ▲ +1.1 pp |
| 2025 | 98.2% | AU$351.55 Million | AU$6.39 Million | AU$381.03 Million | ▲ +0.0 pp |
| 2024 | 98.2% | AU$351.55 Million | AU$6.39 Million | AU$381.03 Million | ▼ -1.2 pp |
| 2024 | 99.4% | AU$268.28 Million | AU$1.66 Million | AU$296.88 Million | ▲ +0.0 pp |
| 2023 | 99.4% | AU$268.28 Million | AU$1.66 Million | AU$296.88 Million | ▲ +0.7 pp |
| 2023 | 98.7% | AU$366.94 Million | AU$4.83 Million | AU$393.65 Million | ▲ +0.0 pp |
| 2022 | 98.7% | AU$366.94 Million | AU$4.83 Million | AU$393.65 Million | ▲ +1.9 pp |
| 2022 | 96.8% | AU$81.44 Million | AU$2.59 Million | AU$83.18 Million | ▲ +0.0 pp |
| 2021 | 96.8% | AU$81.44 Million | AU$2.59 Million | AU$83.18 Million | ▼ -2.0 pp |
| 2021 | 98.8% | AU$247.32 Million | AU$2.86 Million | AU$261.14 Million | ▲ +0.0 pp |
| 2020 | 98.8% | AU$247.32 Million | AU$2.86 Million | AU$261.14 Million | ▼ -0.9 pp |
| 2020 | 99.8% | AU$2.34 Million | AU$5.05K | AU$2.41 Million | ▲ +0.0 pp |
| 2019 | 99.8% | AU$2.34 Million | AU$5.05K | AU$2.41 Million | ▲ +0.4 pp |
| 2019 | 99.4% | AU$1.44 Million | AU$8.16K | AU$1.49 Million | ▼ -0.6 pp |
| 2018 | 100.0% | AU$1.44 Million | AU$0.00 | AU$1.49 Million | ▲ +0.0 pp |
| 2018 | 100.0% | AU$4.47 Million | AU$0.00 | AU$4.52 Million | ▲ +0.0 pp |
| 2017 | 100.0% | AU$4.47 Million | AU$0.00 | AU$4.52 Million | — |