AGMJF (Algoma Central) Debt-to-Asset : 0.29 (As of Sep. 2024)

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What is Algoma Central Debt-to-Asset?

Algoma Central's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $74.5 Mil. Algoma Central's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $236.9 Mil. Algoma Central's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $1,077.8 Mil. Algoma Central's debt to asset for the quarter that ended in Sep. 2024 was 0.29.

Algoma Central Debt-to-Asset Historical Data

The historical data trend for Algoma Central's Debt-to-Asset 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 Central Debt-to-Asset Chart

Algoma Central Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.29

0.32

0.33

0.30

0.28

Algoma Central Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.29	0.28	0.31	0.31	0.29

Competitive Comparison of Algoma Central's Debt-to-Asset

For the Marine Shipping subindustry, Algoma Central's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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 Central's Debt-to-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Algoma Central's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Algoma Central's Debt-to-Asset falls into.

Algoma Central Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Algoma Central's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(45.315	+	235.971)	/	1001.905
	=	0.28

Algoma Central's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(74.454	+	236.923)	/	1077.793
	=	0.29

Algoma Central (OTCPK:AGMJF) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Algoma Central Debt-to-Asset Related Terms

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Algoma Central Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Algoma Central Corp (OTCPK:AGMJF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

ACH:Germany ALC:Canada

Address

63 Church Street, Suite 600, St. Catharines, ON, CAN, L2R 3C4

Website

https://www.algonet.com

Algoma Central Corp owns and operates a fleet of dry and liquid bulk carriers operating on the Great Lakes, St. Lawrence Waterway. The company's Canadian flag fleet consists of self-unloading dry-bulk carriers, gearless dry-bulk carriers, and product tankers. The company operates its business through six segments that are Domestic Dry-Bulk which generates key revenue, Product Tankers, Ocean Self-Unloaders, Corporate, Investment Properties, and Global Short Sea Shipping. The company earns revenues from marine operations through contracts of affreightment, time charters, and pool revenue.