Algoma Central Balance Sheet Health
Financial Health criteria checks 3/6
Algoma Central has a total shareholder equity of CA$832.0M and total debt of CA$421.5M, which brings its debt-to-equity ratio to 50.7%. Its total assets and total liabilities are CA$1.5B and CA$628.0M respectively. Algoma Central's EBIT is CA$62.5M making its interest coverage ratio 3.7. It has cash and short-term investments of CA$29.8M.
Key information
50.7%
Debt to equity ratio
CA$421.54m
Debt
| Interest coverage ratio | 3.7x |
| Cash | CA$29.78m |
| Equity | CA$832.01m |
| Total liabilities | CA$627.97m |
| Total assets | CA$1.46b |
Recent financial health updates
Algoma Central (TSE:ALC) Has A Pretty Healthy Balance Sheet
Jun 17
Algoma Central (TSE:ALC) Has A Somewhat Strained Balance Sheet
Jun 10Is Algoma Central (TSE:ALC) A Risky Investment?
Mar 04Recent updates
Algoma Central Corporation's (TSE:ALC) CEO Compensation Is Looking A Bit Stretched At The Moment
Apr 25Algoma 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 18
Is 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 19Financial Position Analysis
Short Term Liabilities: ALC's short term assets (CA$160.0M) do not cover its short term liabilities (CA$211.7M).
Long Term Liabilities: ALC's short term assets (CA$160.0M) do not cover its long term liabilities (CA$416.3M).
Debt to Equity History and Analysis
Debt Level: ALC's net debt to equity ratio (47.1%) is considered high.
Reducing Debt: ALC's debt to equity ratio has reduced from 58.8% to 50.7% over the past 5 years.
Debt Coverage: ALC's debt is well covered by operating cash flow (29.6%).
Interest Coverage: ALC's interest payments on its debt are well covered by EBIT (3.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 23:58 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Algoma Central Corporation is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Yuri Lynk | Canaccord Genuity |
| David Ocampo | Cormark Securities Inc. |
| Alexandra Ricci | Paradigm Capital, Inc. |