Algoma Steel Group (TSX:ASTL) Cash-to-Debt : 0.65 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Algoma Steel Group Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Algoma Steel Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.65.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Algoma Steel Group couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Algoma Steel Group's Cash-to-Debt or its related term are showing as below:

TSX:ASTL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 2.02 Max: 11.93
Current: 0.65

During the past 4 years, Algoma Steel Group's highest Cash to Debt Ratio was 11.93. The lowest was 0.03. And the median was 2.02.

TSX:ASTL's Cash-to-Debt is ranked better than
61.1% of 617 companies
in the Steel industry
Industry Median: 0.43 vs TSX:ASTL: 0.65

Algoma Steel Group Cash-to-Debt Historical Data

The historical data trend for Algoma Steel Group's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Algoma Steel Group Cash-to-Debt Chart

Algoma Steel Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

0.33

0.03

9.52

2.02

Algoma Steel Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial											2.03	2.02	2.35	1.58	0.65

Competitive Comparison of Algoma Steel Group's Cash-to-Debt

For the Steel subindustry, Algoma Steel Group's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Algoma Steel Group's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Algoma Steel Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Algoma Steel Group's Cash-to-Debt falls into.

Algoma Steel Group Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Algoma Steel Group's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	247.4	/	(11.9	+	110.8)
	=	2.02

Algoma Steel Group's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	94.7	/	(19.8	+	125.8)
	=	0.65

Algoma Steel Group (TSX:ASTL) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Algoma Steel Group Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Algoma Steel Group's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Algoma Steel Group (TSX:ASTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Algoma Steel Group Inc (TSX:ASTL) » Definitions » Cash-to-Debt

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.