Algoma Steel Group (TSX:ASTL) Tax Rate % : 13.89% (As of Sep. 2024)

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What is Algoma Steel Group Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Algoma Steel Group's Tax Expense for the three months ended in Sep. 2024 was C$-17 Mil. Algoma Steel Group's Pre-Tax Income for the three months ended in Sep. 2024 was C$-124 Mil. Therefore, Algoma Steel Group's Tax Rate % for the quarter that ended in Sep. 2024 was 13.89%.

Algoma Steel Group Tax Rate % Historical Data

The historical data trend for Algoma Steel Group's Tax Rate % 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 Tax Rate % Chart

Algoma Steel Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Tax Rate %

2.39

25.84

20.63

27.40

Algoma Steel Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Tax Rate %	Get a 7-Day Free Trial														27.67	12.85	3.45	-238.89	13.89

Algoma Steel Group Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Algoma Steel Group's Tax Rate % for the fiscal year that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Mar. 2024 )	/	Pre-Tax Income (A: Mar. 2024 )
	=	39.7	/	144.9
	=	27.40 %

Algoma Steel Group's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2024 )	/	Pre-Tax Income (Q: Sep. 2024 )
	=	-17.2	/	-123.8
	=	13.89 %

Algoma Steel Group Tax Rate % Related Terms

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Algoma Steel Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Algoma Steel Group Inc (TSX:ASTL) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

ASTL:USA

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.

Executives