Algoma Steel Group (TSX:ASTL) Cash And Cash Equivalents : C$95 Mil (As of Dec. 2023)

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What is Algoma Steel Group Cash And Cash Equivalents?

Algoma Steel Group's quarterly cash and cash equivalents declined from Jun. 2023 (C$300.60 Mil) to Sep. 2023 (C$213.60 Mil) but then stayed the same from Sep. 2023 (C$213.60 Mil) to Dec. 2023 (C$94.70 Mil).

Algoma Steel Group's annual cash and cash equivalents increased from Mar. 2021 (C$21.20 Mil) to Mar. 2022 (C$915.30 Mil) but then declined from Mar. 2022 (C$915.30 Mil) to Mar. 2023 (C$247.40 Mil).

Algoma Steel Group Cash And Cash Equivalents Historical Data

The historical data trend for Algoma Steel Group's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Algoma Steel Group Cash And Cash Equivalents Chart

Algoma Steel Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

265.00

21.20

915.30

247.40

Algoma Steel Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial											244.70	247.40	300.60	213.60	94.70

Algoma Steel Group Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Algoma Steel Group (TSX:ASTL) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Algoma Steel Group Cash And Cash Equivalents Related Terms

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Algoma Steel Group (TSX:ASTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Algoma Steel Group Inc (TSX:ASTL) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

ASTL:USA 9ZY:Germany

Address

105 West Street, Sault Ste., Marie, ON, CAN, P6A 7B4

Website

https://www.algoma.com

Algoma Steel Group Inc is a Canadian company engaged in the production of clean and consistent light gauge steel. The company offers a range of hot and cold rolled steel sheet and plate products. The firm operates in a single segment of basic steel production including sheets, plates, slabs, and freights. The Company's revenue is generated from contracts to produce, ship, and deliver steel products Geographically it serves Canada, the United States, and the rest of the world, whilst driving key revenue from domestic sales. The company generates the majority of its revenue from the sale of Steel sheets and strips.