Algoma Debt To Equity from 2010 to 2024

ASTLW Stock  USD 1.57  0.09  5.42%   
Algoma Steel Debt To Equity yearly trend continues to be fairly stable with very little volatility. Debt To Equity is likely to outpace its year average in 2024. Debt To Equity is a measure of a company's financial leverage calculated by dividing its total liabilities by stockholders' equity, indicating the proportion of equity and debt the company is using to finance its assets. View All Fundamentals
 
Debt To Equity  
First Reported
2010-12-31
Previous Quarter
0.09578009
Current Value
0.1
Quarterly Volatility
2.71152428
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Algoma Steel financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Algoma Steel's main balance sheet or income statement drivers, such as Depreciation And Amortization of 83.6 M, Total Revenue of 2.7 B or Gross Profit of 341 M, as well as many indicators such as Price To Sales Ratio of 0.6, Dividend Yield of 0.0115 or PTB Ratio of 1.23. Algoma financial statements analysis is a perfect complement when working with Algoma Steel Valuation or Volatility modules.
  
Check out the analysis of Algoma Steel Correlation against competitors.

Latest Algoma Steel's Debt To Equity Growth Pattern

Below is the plot of the Debt To Equity of Algoma Steel Group over the last few years. It is a measure of a company's financial leverage calculated by dividing its total liabilities by stockholders' equity, indicating the proportion of equity and debt the company is using to finance its assets. Algoma Steel's Debt To Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Algoma Steel's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 1.39 %10 Years Trend
Slightly volatile
   Debt To Equity   
       Timeline  

Algoma Debt To Equity Regression Statistics

Arithmetic Mean0.43
Geometric Mean1.16
Coefficient Of Variation626.56
Mean Deviation2.25
Median0.10
Standard Deviation2.71
Sample Variance7.35
Range7.3869
R-Value0.48
Mean Square Error6.06
R-Squared0.23
Significance0.07
Slope0.29
Total Sum of Squares102.93

Algoma Debt To Equity History

2024 0.1
2023 0.0958
2022 0.0836
2021 0.0602
2020 3.62
2014 2.71
2013 -2.44

About Algoma Steel Financial Statements

Algoma Steel investors use historical fundamental indicators, such as Algoma Steel's Debt To Equity, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Algoma Steel. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Debt To Equity 0.10  0.10 

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Additional Tools for Algoma Stock Analysis

When running Algoma Steel's price analysis, check to measure Algoma Steel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Algoma Steel is operating at the current time. Most of Algoma Steel's value examination focuses on studying past and present price action to predict the probability of Algoma Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Algoma Steel's price. Additionally, you may evaluate how the addition of Algoma Steel to your portfolios can decrease your overall portfolio volatility.