Algoma Steel Group (Algoma Steel Group) Equity-to-Asset : 0.54 (As of Dec. 2023)

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

What is Algoma Steel Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Algoma Steel Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,074 Mil. Algoma Steel Group's Total Assets for the quarter that ended in Dec. 2023 was $1,976 Mil. Therefore, Algoma Steel Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.54.

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

ASTL' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.11 Med: 0.54 Max: 0.6
Current: 0.54

During the past 4 years, the highest Equity to Asset Ratio of Algoma Steel Group was 0.60. The lowest was 0.11. And the median was 0.54.

ASTL's Equity-to-Asset is ranked better than
52.06% of 632 companies
in the Steel industry
Industry Median: 0.535 vs ASTL: 0.54

Algoma Steel Group Equity-to-Asset Historical Data

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

* Premium members only.

Algoma Steel Group Equity-to-Asset Chart

Algoma Steel Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

0.16

0.11

0.59

0.60

Algoma Steel Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial											0.58	0.60	0.59	0.59	0.54

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

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

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

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

Algoma Steel Group Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

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

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1068.625	/	1794.636
	=	0.60

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

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1073.867	/	1976.446
	=	0.54

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

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Algoma Steel Group Equity-to-Asset Related Terms

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

Algoma Steel Group (Algoma Steel Group) Business Description

Industry

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

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.