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
Recent updates
Is Algoma Steel Group (NASDAQ:ASTL) A Risky Investment?
Aug 28
There's No Escaping Algoma Steel Group Inc.'s (NASDAQ:ASTL) Muted Earnings Despite A 28% Share Price Rise
Aug 01Why Algoma Steel Group's (NASDAQ:ASTL) Shaky Earnings Are Just The Beginning Of Its Problems
Jun 27Algoma Steel: Canadian Steel At 3.5 Times The LTM EBITDA
Jun 26Algoma Steel Group (NASDAQ:ASTL) Has Announced A Dividend Of CA$0.05
Jun 26Algoma Steel Group (NASDAQ:ASTL) Is Reinvesting At Lower Rates Of Return
Jan 23Algoma 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$1.6B) exceed its short term liabilities (CA$480.8M).
Long Term Liabilities: ASTL's short term assets (CA$1.6B) exceed its long term liabilities (CA$1.2B).
Debt to Equity History and Analysis
Debt Level: ASTL's net debt to equity ratio (11.7%) is considered satisfactory.
Reducing Debt: ASTL's debt to equity ratio has reduced from 396% to 43.7% over the past 5 years.
Debt Coverage: ASTL's debt is not well covered by operating cash flow (18.1%).
Interest Coverage: Insufficient data to determine if ASTL's interest payments on its debt are well covered by EBIT.