Algoma Steel Group Balance Sheet Health
Financial Health criteria checks 6/6
Algoma Steel Group has a total shareholder equity of CA$1.4B and total debt of CA$145.6M, which brings its debt-to-equity ratio to 10.1%. Its total assets and total liabilities are CA$2.7B and CA$1.2B respectively. Algoma Steel Group's EBIT is CA$153.8M making its interest coverage ratio 23.7. It has cash and short-term investments of CA$94.7M.
Key information
10.1%
Debt to equity ratio
CA$145.60m
Debt
| Interest coverage ratio | 23.7x |
| Cash | CA$94.70m |
| Equity | CA$1.44b |
| Total liabilities | CA$1.21b |
| Total assets | CA$2.65b |
Recent financial health updates
No updates
Recent updates
Algoma Steel Group (NASDAQ:ASTL) Is Reinvesting At Lower Rates Of Return
Jan 23
Algoma Steel Group (NASDAQ:ASTL) Has Affirmed Its Dividend Of CA$0.05
Nov 09Algoma Steel Group (NASDAQ:ASTL) Has Affirmed Its Dividend Of CA$0.05
Aug 15The Returns On Capital At Algoma Steel Group (NASDAQ:ASTL) Don't Inspire Confidence
Aug 01Algoma Steel Group (NASDAQ:ASTL) Is Paying Out A Dividend Of CA$0.05
Jun 28Improved Earnings Required Before Algoma Steel Group Inc. (NASDAQ:ASTL) Stock's 30% Jump Looks Justified
Feb 15Algoma Steel slumps after sees Q2 adjusted EBITDA $75M-$80M and decline in shipments amid production shortfall
Sep 28Algoma Steel Group goes ex-dividend tomorrow
Aug 29Is There An Opportunity With Algoma Steel Group Inc.'s (NASDAQ:ASTL) 31% Undervaluation?
Aug 04Algoma Steel Group GAAP EPS of C$1.49, revenue of C$934.1M
Aug 03Algoma Steel: Tender Offer Likely To Get Undersubscribed
Jun 22Algoma Steel Announces Massive Buyback, To Repurchase +30% In 30 Days
Jun 16Algoma Steel: Exceptional Steel Market Results In Record Performance
Feb 11Algoma Steel: Best Value In The Sector
Nov 29Financial Position Analysis
Short Term Liabilities: ASTL's short term assets (CA$1.3B) exceed its short term liabilities (CA$466.6M).
Long Term Liabilities: ASTL's short term assets (CA$1.3B) exceed its long term liabilities (CA$744.3M).
Debt to Equity History and Analysis
Debt Level: ASTL's net debt to equity ratio (3.5%) is considered satisfactory.
Reducing Debt: ASTL's debt to equity ratio has reduced from 987.3% to 10.1% over the past 5 years.
Debt Coverage: ASTL's debt is well covered by operating cash flow (184.9%).
Interest Coverage: ASTL's interest payments on its debt are well covered by EBIT (23.7x coverage).