Vulcan Steel Ltd (VSL) — Working Capital to Net Assets Ratio
Vulcan Steel Ltd (VSL) has a Working Capital to Net Assets ratio of 112.7% as of December 2025. Working capital of AU$325.32 Million (current assets of AU$556.43 Million minus current liabilities of AU$231.10 Million) is measured against net assets of AU$288.69 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See VSL defensive interval ratio to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Vulcan Steel Ltd Working Capital to Net Assets (2018–2025)
This chart shows how Vulcan Steel Ltd's Working Capital to Net Assets ratio has evolved across 8 annual periods from 2018 to 2025. As of December 2025, the ratio stands at 112.7%, reflecting working capital of AU$325.32 Million against net assets of AU$288.69 Million AUD. For the complete balance sheet picture, see Vulcan Steel Ltd asset portfolio.
Annual Working Capital to Net Assets for Vulcan Steel Ltd (2018–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Vulcan Steel Ltd from 2018 to 2025, covering 8 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check Vulcan Steel Ltd (VSL) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 183.7% | AU$311.73 Million | AU$169.65 Million | AU$485.07 Million | AU$173.34 Million | ▼ -27.7 pp |
| 2024 | 211.5% | AU$363.89 Million | AU$172.06 Million | AU$533.29 Million | AU$169.40 Million | ▼ -26.3 pp |
| 2023 | 237.8% | AU$442.11 Million | AU$185.92 Million | AU$633.34 Million | AU$191.23 Million | ▲ +60.4 pp |
| 2022 | 177.4% | AU$296.43 Million | AU$167.09 Million | AU$486.61 Million | AU$190.18 Million | ▲ +7.5 pp |
| 2021 | 169.9% | AU$145.89 Million | AU$85.86 Million | AU$330.08 Million | AU$184.19 Million | ▲ +42.0 pp |
| 2020 | 128.0% | AU$172.71 Million | AU$134.97 Million | AU$299.14 Million | AU$126.43 Million | ▲ +11.1 pp |
| 2019 | 116.8% | AU$164.25 Million | AU$140.58 Million | AU$312.38 Million | AU$148.13 Million | ▲ +35.1 pp |
| 2018 | 81.8% | AU$98.95 Million | AU$120.99 Million | AU$255.00 Million | AU$156.06 Million | — |