Algoma Steel Group Balance Sheet Health
Financial Health criteria checks 4/6
Algoma Steel Group has a total shareholder equity of CA$1.4B and total debt of CA$617.8M, which brings its debt-to-equity ratio to 43.7%. Its total assets and total liabilities are CA$3.1B and CA$1.7B respectively.
Key information
43.7%
Debt to equity ratio
CA$617.80m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$452.00m |
| Equity | CA$1.41b |
| Total liabilities | CA$1.68b |
| Total assets | CA$3.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9ZY's short term assets (CA$1.6B) exceed its short term liabilities (CA$480.8M).
Long Term Liabilities: 9ZY's short term assets (CA$1.6B) exceed its long term liabilities (CA$1.2B).
Debt to Equity History and Analysis
Debt Level: 9ZY's net debt to equity ratio (11.7%) is considered satisfactory.
Reducing Debt: 9ZY's debt to equity ratio has reduced from 396% to 43.7% over the past 5 years.
Debt Coverage: 9ZY's debt is not well covered by operating cash flow (18.1%).
Interest Coverage: Insufficient data to determine if 9ZY's interest payments on its debt are well covered by EBIT.