Algoma Central Balance Sheet Health
Financial Health criteria checks 3/6
Algoma Central has a total shareholder equity of CA$778.3M and total debt of CA$377.0M, which brings its debt-to-equity ratio to 48.4%. Its total assets and total liabilities are CA$1.3B and CA$565.8M respectively. Algoma Central's EBIT is CA$74.3M making its interest coverage ratio 4.6. It has cash and short-term investments of CA$32.8M.
Key information
48.4%
Debt to equity ratio
CA$377.02m
Debt
Interest coverage ratio | 4.6x |
Cash | CA$32.83m |
Equity | CA$778.31m |
Total liabilities | CA$565.85m |
Total assets | CA$1.34b |
Recent financial health updates
Algoma Central (TSE:ALC) Has A Pretty Healthy Balance Sheet
Jun 17Algoma Central (TSE:ALC) Has A Somewhat Strained Balance Sheet
Jun 10Is Algoma Central (TSE:ALC) A Risky Investment?
Mar 04Algoma Central (TSE:ALC) Takes On Some Risk With Its Use Of Debt
Nov 26Recent updates
Algoma Central's (TSE:ALC) Dividend Will Be Increased To CA$0.19
Feb 13Algoma Central (TSE:ALC) Is Increasing Its Dividend To CA$0.19
Jan 19Algoma Central (TSE:ALC) Will Pay A Dividend Of CA$0.18
Nov 09Algoma Central (TSE:ALC) Will Pay A Dividend Of CA$0.18
May 07Algoma Central (TSE:ALC) Has Announced That It Will Be Increasing Its Dividend To CA$0.18
Jan 30Algoma Central (TSE:ALC) Has Announced That It Will Be Increasing Its Dividend To CA$0.18
Jan 16Algoma Central (TSE:ALC) Is Due To Pay A Dividend Of CA$0.17
Nov 11Algoma Central (TSE:ALC) Has Affirmed Its Dividend Of CA$0.17
Aug 11Algoma Central (TSE:ALC) Has A Pretty Healthy Balance Sheet
Jun 17Algoma Central (TSE:ALC) Has Announced A Dividend Of CA$0.17
May 08Algoma Central (TSE:ALC) Has A Somewhat Strained Balance Sheet
Jun 10When Should You Buy Algoma Central Corporation (TSE:ALC)?
Apr 12Algoma Central (TSE:ALC) Is Experiencing Growth In Returns On Capital
Mar 30Does Algoma Central Corporation (TSE:ALC) Have A Place In Your Dividend Portfolio?
Mar 17Is Algoma Central (TSE:ALC) A Risky Investment?
Mar 04Algoma Central Corporation's (TSE:ALC) Stock is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?
Feb 19It Might Not Be A Great Idea To Buy Algoma Central Corporation (TSE:ALC) For Its Next Dividend
Feb 06Here's What Algoma Central Corporation's (TSE:ALC) Shareholder Ownership Structure Looks Like
Feb 04Algoma Central (TSE:ALC) Long Term Shareholders are 25% In The Black
Jan 18Is Now An Opportune Moment To Examine Algoma Central Corporation (TSE:ALC)?
Jan 03Here's Why We're Wary Of Buying Algoma Central's (TSE:ALC) For Its Upcoming Dividend
Dec 19Here's How We Evaluate Algoma Central Corporation's (TSE:ALC) Dividend
Dec 14Algoma Central (TSE:ALC) Takes On Some Risk With Its Use Of Debt
Nov 26The Returns At Algoma Central (TSE:ALC) Provide Us With Signs Of What's To Come
Jul 30Financial Position Analysis
Short Term Liabilities: ALC's short term assets (CA$161.4M) exceed its short term liabilities (CA$147.2M).
Long Term Liabilities: ALC's short term assets (CA$161.4M) do not cover its long term liabilities (CA$418.7M).
Debt to Equity History and Analysis
Debt Level: ALC's net debt to equity ratio (44.2%) is considered high.
Reducing Debt: ALC's debt to equity ratio has increased from 36.8% to 48.4% over the past 5 years.
Debt Coverage: ALC's debt is well covered by operating cash flow (32.9%).
Interest Coverage: ALC's interest payments on its debt are well covered by EBIT (4.6x coverage).