Algoma Steel Group (TSX:ASTL) Debt-to-Asset : 0.06 (As of Dec. 2023)

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What is Algoma Steel Group Debt-to-Asset?

Algoma Steel Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$20 Mil. Algoma Steel Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$126 Mil. Algoma Steel Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was C$2,652 Mil. Algoma Steel Group's debt to asset for the quarter that ended in Dec. 2023 was 0.05.

Algoma Steel Group Debt-to-Asset Historical Data

The historical data trend for Algoma Steel Group'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 Steel Group Debt-to-Asset Chart

Algoma Steel Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Asset

0.44

0.41

0.04

0.05

Algoma Steel Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial											0.05	0.05	0.05	0.05	0.06

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

For the Steel subindustry, Algoma Steel Group'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 Steel Group's Debt-to-Asset Distribution in the Steel Industry

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

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

Algoma Steel Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Algoma Steel Group's Debt-to-Asset for the fiscal year that ended in Mar. 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
	=	(11.9	+	110.8)	/	2455.6
	=	0.05

Algoma Steel Group's Debt-to-Asset for the quarter 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
	=	(19.8	+	125.8)	/	2651.6
	=	0.05

Algoma Steel Group (TSX:ASTL) 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 Steel Group Debt-to-Asset 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 » Debt-to-Asset

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.