Algoma Steel GroupASTL -3.86%59 Quick Ratio is 1.22 as of Mar. 2026, which is 14% below its 10-year median of 1.42. GuruFocus rates ASTL with a GF Score™ of 59/100 and a GF Value™ of $5.50 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 639 Steel companies, Algoma Steel Group ranks better than 60.25% on this metric.
Algoma Steel Group has a quick ratio of 1.22. It generally indicates good short-term financial strength.
The historical rank and industry rank for Algoma Steel Group's Quick Ratio or its related term are showing as below:
ASTL'
s Quick Ratio Range Over the Past 10 Years
Min: 0.76 Med: 1.42 Max: 2.67
Current: 1.22
During the past 6 years, Algoma Steel Group's highest Quick Ratio was 2.67. The lowest was 0.76. And the median was 1.42.
ASTL's Quick Ratio is ranked better than 60.25% of 639
companies
in the Steel industry
Industry Median: 1.02
vs ASTL: 1.22
Algoma Steel Group (NAS:ASTL) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Algoma Steel Group Quick Ratio Related Terms
Algoma Steel Group Quick Ratio Historical Data
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The historical data trend for Algoma Steel Group's Quick Ratio 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.
For the Steel subindustry, Algoma Steel Group's Quick Ratio, along with its competitors' market caps and Quick Ratio 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 Quick Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Algoma Steel Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Algoma Steel Group's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Algoma Steel Group's Quick Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (ASTL) has a Quick Ratio of 1.22 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Algoma Steel Group and its competitors. This is 14% below median its historical median of 1.42. Over the past decade, Algoma Steel Group's Quick Ratio has ranged from 0.76 to 2.67. According to the industry distribution chart, Algoma Steel Group ranks #254 out of 639 companies in the Steel industry, placing it in the top 39.7%.
Is Algoma Steel Group's Quick Ratio too high?
Algoma Steel Group's current Quick Ratio of 1.22 is 14% below median its 10-year median of 1.42. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 2.67. The Steel industry median Quick Ratio is 1.02. Algoma Steel Group's value of 1.22 is 19.6% above this industry median. Based on the distribution chart, Algoma Steel Group ranks #254 out of 639 companies in the Steel industry, which is above the industry midpoint. Overall, Algoma Steel Group has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Algoma Steel Group's Quick Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Algoma Steel Group ranks #254 out of 639 companies for Quick Ratio. This puts Algoma Steel Group in the upper half of its industry. The industry median Quick Ratio is 1.02. Algoma Steel Group's value of 1.22 is 19.6% above this benchmark. Historically, Algoma Steel Group's own Quick Ratio has ranged from 0.76 to 2.67 over the past decade. While the company's 10-year median is 1.42 vs. the industry median of 1.02, Algoma Steel Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Steel company?
The median Quick Ratio among Steel companies is 1.02, based on 639 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Algoma Steel Group's current Quick Ratio of 1.22 is 19.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Algoma Steel Group and its competitors. For the Steel industry, the median Quick Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Algoma Steel Group's current Quick Ratio is 1.22, which is 14% below median its own 10-year median of 1.42. 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 (ASTL) is currently considered Modestly Undervalued. The stock's GF Value™ is $5.50, compared to a current price of $3.99 — trading 27.5% below its estimated fair value. The current Quick Ratio is 1.22, which is 14% below median its 10-year median of 1.42 and 19.6% above the Steel industry median of 1.02. 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 Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Algoma Steel Group (ASTL), the current Quick Ratio is 1.22 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 (ASTL) Overvalued in 2026?
Based on GuruFocus' analysis, Algoma Steel Group stock appears to be undervalued.
The current stock price of $3.99 is trading 27.5% below its estimated GF Value™ of $5.50.
GuruFocus considers Algoma Steel Group to be Modestly Undervalued.
Key valuation signals for ASTL:
Quick Ratio: 1.22 (14% below median its 10-year median of 1.42)
GF Value™: $5.50 vs. price of $3.99 (27.5% below fair value)
Industry Position: 19.6% above the Steel median (#254 of 639)
No single metric tells the full story. See the ASTL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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
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