Algoma Steel Group (TSX:ASTL) Effective Interest Rate on Debt %: 11.01% (As of Mar. 2026)

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TSX:ASTL Algoma Steel Group Inc TSX:ASTL
59 GF Score
Price C$5.15
GF Value C$7.78
Valuation Possible Value Trap
! 7 Warning Signs
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What is Algoma Steel Group Effective Interest Rate on Debt %?

Algoma Steel Group TSX:ASTL +0.39% 59 Effective Interest Rate on Debt % is 11.01% as of Mar. 2026. GuruFocus rates TSX:ASTL with a GF Score™ of 59/100 and a GF Value™ of C$7.78 (Possible Value Trap). The stock has 7 warning signs investors should review.

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Algoma Steel Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2026 was C$94 Mil. Algoma Steel Group's average total debt for the quarter that ended in Mar. 2026 was C$850 Mil. Therefore, Algoma Steel Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2026 was 11.01%.


Algoma Steel Group  (TSX:ASTL) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Algoma Steel Group Effective Interest Rate on Debt % Related Terms


Algoma Steel Group Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Algoma Steel Group's Effective Interest Rate on 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.

Algoma Steel Group Effective Interest Rate on Debt % Chart

Algoma Steel Group Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Dec25
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 11.69 16.15 29.79 31.25 16.90

Algoma Steel Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.78 13.33 11.38 11.36 11.01

TSX:ASTL vs NUE, STLD, RS: Effective Interest Rate on Debt % Comparison

For the Steel subindustry, Algoma Steel Group's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on 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 Effective Interest Rate on Debt % vs Steel Industry

For the Steel industry and Basic Materials sector, Algoma Steel Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Algoma Steel Group's Effective Interest Rate on Debt % falls into.


TSX:ASTL
59GF Score
Algoma Steel Group Inc TSX:ASTL
Effective Interest Rate on Debt % is just one metric. See GF Score™, valuation, warning signs, and more.
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Algoma Steel Group Effective Interest Rate on Debt % Calculation

Algoma Steel Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2025 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2024 )+Total Debt  (A: Dec. 2025 ))/ count )
=-1  *  -85.2/( (146.1+862)/ 2 )
=-1  *  -85.2/504.05
=16.90 %

where

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=129.6 + 16.5
=146.1

Total Debt  (A: Dec. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=677.8 + 184.2
=862

Algoma Steel Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2026 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2025 )+Total Debt  (Q: Mar. 2026 ))/ count )
=-1  *  -93.6/( (862+837.9)/ 2 )
=-1  *  -93.6/849.95
=11.01 %

where

Total Debt  (Q: Dec. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=677.8 + 184.2
=862

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2026) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 11.01% mean?
Algoma Steel Group (TSX:ASTL) has a Effective Interest Rate on Debt % of 11.01% as of Mar. 2026. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Algoma Steel Group and its competitors.
Is Algoma Steel Group's Effective Interest Rate on Debt % too high?
Algoma Steel Group's current Effective Interest Rate on Debt % is 11.01%. Overall, Algoma Steel Group has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Algoma Steel Group's Effective Interest Rate on Debt % compare to NUE and STLD?
Algoma Steel Group's Effective Interest Rate on Debt % of 11.01% can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Steel company?
A good Effective Interest Rate on Debt % depends on the Steel industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Algoma Steel Group and its competitors. Algoma Steel Group's current Effective Interest Rate on Debt % is 11.01%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Algoma Steel Group stock overvalued right now?
Based on GuruFocus' analysis, Algoma Steel Group (TSX:ASTL) is currently considered Possible Value Trap. The stock's GF Value™ is C$7.78, compared to a current price of C$5.15 — trading 33.8% below its estimated fair value. The current Effective Interest Rate on Debt % is 11.01%. Algoma Steel Group's overall GF Score™ is 59/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Algoma Steel Group (TSX:ASTL), the current Effective Interest Rate on Debt % is 11.01% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Algoma Steel Group (TSX:ASTL) Overvalued in 2026?

Based on GuruFocus' analysis, Algoma Steel Group stock appears to be undervalued. The current stock price of C$5.15 is trading 33.8% below its estimated GF Value™ of C$7.78. GuruFocus considers Algoma Steel Group to be Possible Value Trap.

Key valuation signals for TSX:ASTL:

  • Effective Interest Rate on Debt %: 11.01%
  • GF Value™: C$7.78 vs. price of C$5.15 (33.8% below fair value)
  • GF Score™: 59/100 with 7 warning signs

No single metric tells the full story. See the TSX:ASTL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Algoma Steel Group Business Description

Other Exchanges ASTL:USA9ZY:Germany
Address 105 West Street, Sault Ste. Marie, ON, CAN, P6A 7B4
Algoma Steel Group Inc is a fully integrated steel producer of hot and cold rolled steel products, including coiled sheet and plate, strategically located. 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 United States. The company generates the majority of its revenue from the sale of Steel sheets and strips.
59GF Score

Get the complete analysis for TSX:ASTL

Effective Interest Rate on Debt % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$5.15
Price
C$7.78
GF Value