Algoma Steel Group Balance Sheet Health
Financial Health criteria checks 5/6
Algoma Steel Group has a total shareholder equity of CA$1.5B and total debt of CA$618.8M, which brings its debt-to-equity ratio to 40.1%. Its total assets and total liabilities are CA$3.1B and CA$1.6B respectively.
Key information
40.1%
Debt to equity ratio
CA$618.80m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$493.40m |
| Equity | CA$1.54b |
| Total liabilities | CA$1.58b |
| Total assets | CA$3.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ASTL's short term assets (CA$1.6B) exceed its short term liabilities (CA$392.6M).
Long Term Liabilities: ASTL's short term assets (CA$1.6B) exceed its long term liabilities (CA$1.2B).
Debt to Equity History and Analysis
Debt Level: ASTL's net debt to equity ratio (8.1%) is considered satisfactory.
Reducing Debt: ASTL's debt to equity ratio has reduced from 503.1% to 40.1% over the past 5 years.
Debt Coverage: ASTL's debt is well covered by operating cash flow (23.2%).
Interest Coverage: Insufficient data to determine if ASTL's interest payments on its debt are well covered by EBIT.