Algoma Short Long Term Debt Total vs Retained Earnings Analysis

ASTLW Stock  USD 1.57  0.09  5.42%   
Algoma Steel financial indicator trend analysis is way more than just evaluating Algoma Steel Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Algoma Steel Group is a good investment. Please check the relationship between Algoma Steel Short Long Term Debt Total and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algoma Steel Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Short Long Term Debt Total vs Retained Earnings

Short Long Term Debt Total vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Algoma Steel Group Short Long Term Debt Total account and Retained Earnings. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Algoma Steel's Short Long Term Debt Total and Retained Earnings is -0.7. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Algoma Steel Group, assuming nothing else is changed. The correlation between historical values of Algoma Steel's Short Long Term Debt Total and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt Total of Algoma Steel Group are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Short Long Term Debt Total i.e., Algoma Steel's Short Long Term Debt Total and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.7
Relationship DirectionNegative 
Relationship StrengthWeak

Short Long Term Debt Total

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Algoma Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Algoma Steel Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algoma Steel Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Enterprise Value is likely to climb to about 3.4 B in 2024, whereas Tax Provision is likely to drop slightly above 37.7 M in 2024.
 2021 2022 2023 2024 (projected)
Total Revenue3.8B2.8B2.8B2.7B
Depreciation And Amortization87.1M98.9M115M83.6M

Algoma Steel fundamental ratios Correlations

0.16-0.030.860.38-0.720.620.120.470.230.270.410.47-0.59-0.640.76-0.32-0.580.75-0.280.94-0.92-0.960.480.570.99
0.160.93-0.070.32-0.38-0.310.22-0.020.31-0.30.23-0.02-0.02-0.81-0.130.610.22-0.080.260.25-0.17-0.180.170.110.18
-0.030.93-0.180.09-0.11-0.30.010.030.11-0.150.340.030.11-0.64-0.220.530.22-0.10.120.030.050.040.07-0.10.01
0.86-0.07-0.180.01-0.370.92-0.320.51-0.220.680.610.51-0.76-0.50.85-0.7-0.90.89-0.690.81-0.91-0.910.410.720.85
0.380.320.090.01-0.47-0.240.89-0.520.94-0.61-0.15-0.520.05-0.360.240.540.36-0.320.590.24-0.25-0.29-0.320.010.38
-0.72-0.38-0.11-0.37-0.470.01-0.46-0.38-0.430.340.19-0.380.260.63-0.16-0.250.02-0.37-0.32-0.830.630.67-0.65-0.39-0.7
0.62-0.31-0.30.92-0.240.01-0.560.45-0.450.890.70.45-0.7-0.220.83-0.9-0.970.83-0.890.53-0.7-0.690.220.60.62
0.120.220.01-0.320.89-0.46-0.56-0.520.94-0.84-0.46-0.520.27-0.09-0.120.710.65-0.520.840.060.030.01-0.25-0.170.09
0.47-0.020.030.51-0.52-0.380.45-0.52-0.510.490.261.0-0.31-0.220.16-0.48-0.530.84-0.490.59-0.4-0.440.840.220.47
0.230.310.11-0.220.94-0.43-0.450.94-0.51-0.73-0.27-0.510.19-0.220.090.660.52-0.440.720.12-0.08-0.11-0.27-0.160.21
0.27-0.3-0.150.68-0.610.340.89-0.840.49-0.730.750.49-0.56-0.030.58-0.92-0.910.74-1.00.22-0.39-0.360.190.420.27
0.410.230.340.61-0.150.190.7-0.460.26-0.270.750.26-0.56-0.440.68-0.51-0.710.57-0.780.32-0.49-0.470.040.430.41
0.47-0.020.030.51-0.52-0.380.45-0.521.0-0.510.490.26-0.31-0.220.16-0.48-0.530.84-0.490.59-0.4-0.440.840.220.47
-0.59-0.020.11-0.760.050.26-0.70.27-0.310.19-0.56-0.56-0.310.45-0.680.540.76-0.660.57-0.640.790.73-0.41-0.83-0.54
-0.64-0.81-0.64-0.5-0.360.63-0.22-0.09-0.22-0.22-0.03-0.44-0.220.45-0.36-0.190.27-0.40.07-0.70.690.7-0.4-0.54-0.66
0.76-0.13-0.220.850.24-0.160.83-0.120.160.090.580.680.16-0.68-0.36-0.61-0.790.64-0.590.6-0.8-0.80.080.570.75
-0.320.610.53-0.70.54-0.25-0.90.71-0.480.66-0.92-0.51-0.480.54-0.19-0.610.89-0.730.9-0.260.410.39-0.21-0.42-0.3
-0.580.220.22-0.90.360.02-0.970.65-0.530.52-0.91-0.71-0.530.760.27-0.790.89-0.870.92-0.560.720.7-0.38-0.67-0.57
0.75-0.08-0.10.89-0.32-0.370.83-0.520.84-0.440.740.570.84-0.66-0.40.64-0.73-0.87-0.740.78-0.77-0.780.690.580.74
-0.280.260.12-0.690.59-0.32-0.890.84-0.490.72-1.0-0.78-0.490.570.07-0.590.90.92-0.74-0.240.410.38-0.2-0.44-0.29
0.940.250.030.810.24-0.830.530.060.590.120.220.320.59-0.64-0.70.6-0.26-0.560.78-0.24-0.93-0.950.720.680.91
-0.92-0.170.05-0.91-0.250.63-0.70.03-0.4-0.08-0.39-0.49-0.40.790.69-0.80.410.72-0.770.41-0.930.99-0.53-0.83-0.89
-0.96-0.180.04-0.91-0.290.67-0.690.01-0.44-0.11-0.36-0.47-0.440.730.7-0.80.390.7-0.780.38-0.950.99-0.52-0.75-0.94
0.480.170.070.41-0.32-0.650.22-0.250.84-0.270.190.040.84-0.41-0.40.08-0.21-0.380.69-0.20.72-0.53-0.520.480.44
0.570.11-0.10.720.01-0.390.6-0.170.22-0.160.420.430.22-0.83-0.540.57-0.42-0.670.58-0.440.68-0.83-0.750.480.5
0.990.180.010.850.38-0.70.620.090.470.210.270.410.47-0.54-0.660.75-0.3-0.570.74-0.290.91-0.89-0.940.440.5
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Algoma Steel Account Relationship Matchups

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