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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 13:28 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
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 Steel Group Inc. is covered by 4 analysts. 2 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 |
|---|---|
| David Gagliano | BMO Capital Markets Equity Research |
| Alexander Robert Pearce | BMO Capital Markets Equity Research |
| David Ocampo | Cormark Securities Inc. |