Algoma Steel Group (TSX:ASTL) LT-Debt-to-Total-Asset: 0.39 (As of Mar. 2026)

What is Algoma Steel Group LT-Debt-to-Total-Asset?

Algoma Steel Group TSX:ASTL +0.70% 65 LT-Debt-to-Total-Asset is 0.39 as of Mar. 2026. GuruFocus rates TSX:ASTL with a GF Score™ of 65/100 and a GF Value™ of C$7.83 (Modestly Undervalued). The stock has 7 warning signs investors should review.

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Algoma Steel Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2026 was 0.39.

Algoma Steel Group's long-term debt to total assets ratio increased from Mar. 2025 (0.20) to Mar. 2026 (0.39). It may suggest that Algoma Steel Group is progressively becoming more dependent on debt to grow their business.

Algoma Steel Group (TSX:ASTL) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Algoma Steel Group LT-Debt-to-Total-Asset Related Terms

Algoma Steel Group LT-Debt-to-Total-Asset Historical Data

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

Algoma Steel Group LT-Debt-to-Total-Asset Chart

Algoma Steel Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Dec25

LT-Debt-to-Total-Asset

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0.34

0.03

0.05

0.32

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
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.20	0.21	0.26	0.32	0.39

65GF Score

Algoma Steel Group Inc TSX:ASTL

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Algoma Steel Group LT-Debt-to-Total-Asset Calculation

Algoma Steel Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

LT Debt to Total Assets (A: Dec. 2025 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2025 )	/	Total Assets (A: Dec. 2025 )
	=	677.8	/	2115.9
	=	0.32

Algoma Steel Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2026 is calculated as

LT Debt to Total Assets (Q: Mar. 2026 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2026 )	/	Total Assets (Q: Mar. 2026 )
	=	770	/	2002.2
	=	0.38

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →

What does a LT-Debt-to-Total-Asset of 0.39 mean?

Algoma Steel Group (TSX:ASTL) has a LT-Debt-to-Total-Asset of 0.39 as of Mar. 2026. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Algoma Steel Group and its competitors.

Is Algoma Steel Group's LT-Debt-to-Total-Asset too high?

Algoma Steel Group's current LT-Debt-to-Total-Asset is 0.39. Overall, Algoma Steel Group has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Algoma Steel Group's LT-Debt-to-Total-Asset compare to NUE and STLD?

Algoma Steel Group's LT-Debt-to-Total-Asset of 0.39 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 LT-Debt-to-Total-Asset for a Steel company?

A good LT-Debt-to-Total-Asset depends on the Steel industry context. However, LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset mean?

A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Algoma Steel Group and its competitors. Algoma Steel Group's current LT-Debt-to-Total-Asset is 0.39. 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 Modestly Undervalued. The stock's GF Value™ is C$7.83, compared to a current price of C$5.78 — trading 26.2% below its estimated fair value. The current LT-Debt-to-Total-Asset is 0.39. Algoma Steel Group's overall GF Score™ is 65/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is LT-Debt-to-Total-Asset calculated?

LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Algoma Steel Group (TSX:ASTL), the current LT-Debt-to-Total-Asset is 0.39 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$5.78 is trading 26.2% below its estimated GF Value™ of C$7.83. GuruFocus considers Algoma Steel Group to be Modestly Undervalued.

Key valuation signals for TSX:ASTL:

LT-Debt-to-Total-Asset: 0.39
GF Value™: C$7.83 vs. price of C$5.78 (26.2% below fair value)
GF Score™: 65/100 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

Industry Basic Materials Steel

Comparable Companies TSX:CLCH TSX:TSL TSX:LIF NUE XAMS:MT STLD BOM:500228 NSE:TATASTEEL RS TSE:5401 SHSE:600019 XKRX:005490 SHSE:600010 BOM:532286 ASX:BSL BOM:512455 SZSE:000708 OSTO:SSAB A TPE:2002 TX

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 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.

65GF Score

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C$5.78

Price

C$7.83

GF Value

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