Algoma Steel Group (Algoma Steel Group) Debt-to-Equity

: 0.10 (As of Dec. 2023)

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Algoma Steel Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $15 Mil. Algoma Steel Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $94 Mil. Algoma Steel Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,074 Mil. Algoma Steel Group's debt to equity for the quarter that ended in Dec. 2023 was 0.10.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

ASTL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.08 Max: 3.62
Current: 0.1

During the past 4 years, the highest Debt-to-Equity Ratio of Algoma Steel Group was 3.62. The lowest was 0.06. And the median was 0.08.

ASTL's Debt-to-Equity is ranked better than
84.26% of 559 companies
in the Steel industry
Industry Median: 0.41 vs ASTL: 0.10

Algoma Steel Group Debt-to-Equity Historical Data

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

* Premium members only.

Algoma Steel Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

2.71

3.62

0.06

0.08

Algoma Steel Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											0.08	0.08	0.08	0.08	0.10

Competitive Comparison

For the Steel subindustry, Algoma Steel Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution

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

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

Algoma Steel Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(8.697	+	80.976)	/	1068.625
	=	0.08

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(14.758	+	93.769)	/	1073.867
	=	0.10

Algoma Steel Group (NAS:ASTL) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Algoma Steel Group Debt-to-Equity Related Terms

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Algoma Steel Group (Algoma Steel Group) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

9ZY:Germany ASTL:Canada

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.