Algoma Net Debt vs Total Current Assets Analysis

ASTL Stock

15.71 0.21 1.32%

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 Net Debt and its Total Current Assets 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 board of governors.

Net Debt vs Total Current Assets

Net Debt vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Algoma Steel Group Net Debt account and Total Current Assets. At this time, the significance of the direction appears to have pay attention.

The correlation between Algoma Steel's Net Debt and Total Current Assets is -0.99. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Current Assets 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 Net Debt and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Algoma Steel Group are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Net Debt i.e., Algoma Steel's Net Debt and Total Current Assets go up and down completely randomly.

Correlation Coefficient

-0.99

Relationship Direction	Negative
Relationship Strength	Significant

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

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 board of governors.

At this time, Algoma Steel's Tax Provision is very stable compared to the past year. As of the 23rd of November 2024, Enterprise Value is likely to grow to about 3.5 B, while Selling General Administrative is likely to drop about 93.3 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	103M	99.3M	114.7M	109.0M
Cost Of Revenue	2.3B	2.4B	2.5B	2.3B

Total Operating Expenses Cost Of Revenue

Algoma Steel fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets
Total Assets		-0.81	0.51	-0.03	0.86	-0.39	0.85	0.38	-0.79	0.62	0.38	0.48	0.22	-0.47	-0.51	0.48	0.61	-0.59	-0.55	0.76	-0.05	-0.67	-0.58	0.75	-0.43	-0.28
Short Long Term Debt Total	-0.81		-0.19	0.19	-0.99	0.79	-0.98	0.05	0.93	-0.92	-0.06	-0.49	0.27	0.76	0.78	-0.49	-0.86	0.82	0.81	-0.84	0.07	0.65	0.93	-0.88	0.49	0.72
Other Current Liab	0.51	-0.19		0.52	0.28	-0.17	0.31	0.51	-0.16	0.14	0.1	0.04	0.42	-0.02	-0.07	0.04	-0.03	-0.11	-0.31	0.35	0.59	0.12	-0.04	0.16	0.29	-0.02
Total Current Liabilities	-0.03	0.19	0.52		-0.15	-0.04	-0.15	0.09	0.13	-0.3	-0.09	0.03	0.11	0.23	0.23	0.03	-0.21	0.11	-0.3	-0.22	0.22	0.0	0.22	-0.1	0.88	0.12
Total Stockholder Equity	0.86	-0.99	0.28	-0.15		-0.76	1.0	0.0	-0.93	0.92	0.08	0.52	-0.23	-0.76	-0.78	0.52	0.83	-0.76	-0.8	0.85	0.04	-0.62	-0.9	0.89	-0.45	-0.69
Other Liab	-0.39	0.79	-0.17	-0.04	-0.76		-0.77	0.48	0.78	-0.88	0.49	-0.49	0.66	0.86	0.87	-0.49	-0.79	0.66	0.92	-0.62	-0.23	0.33	0.92	-0.77	0.05	0.97
Net Tangible Assets	0.85	-0.98	0.31	-0.15	1.0	-0.77		0.02	-0.92	0.93	0.07	0.48	-0.23	-0.76	-0.78	0.48	0.81	-0.76	-0.8	0.85	0.08	-0.58	-0.9	0.87	-0.44	-0.7
Property Plant And Equipment Net	0.38	0.05	0.51	0.09	0.0	0.48	0.02		0.25	-0.24	0.86	-0.52	0.94	0.58	0.54	-0.52	-0.47	0.05	0.3	0.24	0.12	0.13	0.36	-0.32	-0.13	0.59
Net Debt	-0.79	0.93	-0.16	0.13	-0.93	0.78	-0.92	0.25		-0.86	0.14	-0.77	0.41	0.88	0.88	-0.77	-0.96	0.73	0.81	-0.69	0.14	0.77	0.9	-0.99	0.41	0.73
Retained Earnings	0.62	-0.92	0.14	-0.3	0.92	-0.88	0.93	-0.24	-0.86		-0.18	0.45	-0.46	-0.87	-0.89	0.45	0.82	-0.7	-0.79	0.83	0.18	-0.41	-0.97	0.83	-0.43	-0.89
Accounts Payable	0.38	-0.06	0.1	-0.09	0.08	0.49	0.07	0.86	0.14	-0.18		-0.44	0.81	0.51	0.49	-0.44	-0.33	-0.07	0.26	0.28	-0.27	-0.19	0.22	-0.23	-0.3	0.55
Cash	0.48	-0.49	0.04	0.03	0.52	-0.49	0.48	-0.52	-0.77	0.45	-0.44		-0.51	-0.78	-0.76	1.0	0.81	-0.31	-0.54	0.17	-0.22	-0.7	-0.53	0.84	-0.13	-0.5
Non Current Assets Total	0.22	0.27	0.42	0.11	-0.23	0.66	-0.23	0.94	0.41	-0.46	0.81	-0.51		0.7	0.65	-0.51	-0.59	0.2	0.46	0.07	-0.04	0.14	0.53	-0.45	-0.04	0.73
Non Currrent Assets Other	-0.47	0.76	-0.02	0.23	-0.76	0.86	-0.76	0.58	0.88	-0.87	0.51	-0.78	0.7		1.0	-0.78	-0.92	0.54	0.75	-0.54	-0.08	0.49	0.89	-0.91	0.3	0.9
Other Assets	-0.51	0.78	-0.07	0.23	-0.78	0.87	-0.78	0.54	0.88	-0.89	0.49	-0.76	0.65	1.0		-0.76	-0.91	0.56	0.77	-0.59	-0.1	0.48	0.9	-0.92	0.31	0.9
Cash And Short Term Investments	0.48	-0.49	0.04	0.03	0.52	-0.49	0.48	-0.52	-0.77	0.45	-0.44	1.0	-0.51	-0.78	-0.76		0.81	-0.31	-0.54	0.17	-0.22	-0.7	-0.53	0.84	-0.13	-0.5
Net Receivables	0.61	-0.86	-0.03	-0.21	0.83	-0.79	0.81	-0.47	-0.96	0.82	-0.33	0.81	-0.59	-0.92	-0.91	0.81		-0.69	-0.75	0.54	-0.22	-0.72	-0.88	0.96	-0.43	-0.77
Common Stock Shares Outstanding	-0.59	0.82	-0.11	0.11	-0.76	0.66	-0.76	0.05	0.73	-0.7	-0.07	-0.31	0.2	0.54	0.56	-0.31	-0.69		0.68	-0.68	0.23	0.57	0.76	-0.66	0.37	0.57
Non Current Liabilities Total	-0.55	0.81	-0.31	-0.3	-0.8	0.92	-0.8	0.3	0.81	-0.79	0.26	-0.54	0.46	0.75	0.77	-0.54	-0.75	0.68		-0.65	-0.12	0.54	0.86	-0.8	-0.1	0.83
Inventory	0.76	-0.84	0.35	-0.22	0.85	-0.62	0.85	0.24	-0.69	0.83	0.28	0.17	0.07	-0.54	-0.59	0.17	0.54	-0.68	-0.65		0.12	-0.4	-0.79	0.64	-0.42	-0.59
Other Current Assets	-0.05	0.07	0.59	0.22	0.04	-0.23	0.08	0.12	0.14	0.18	-0.27	-0.22	-0.04	-0.08	-0.1	-0.22	-0.22	0.23	-0.12	0.12		0.65	0.0	-0.11	0.36	-0.23
Other Stockholder Equity	-0.67	0.65	0.12	0.0	-0.62	0.33	-0.58	0.13	0.77	-0.41	-0.19	-0.7	0.14	0.49	0.48	-0.7	-0.72	0.57	0.54	-0.4	0.65		0.55	-0.75	0.32	0.28
Total Liab	-0.58	0.93	-0.04	0.22	-0.9	0.92	-0.9	0.36	0.9	-0.97	0.22	-0.53	0.53	0.89	0.9	-0.53	-0.88	0.76	0.86	-0.79	0.0	0.55		-0.87	0.36	0.92
Total Current Assets	0.75	-0.88	0.16	-0.1	0.89	-0.77	0.87	-0.32	-0.99	0.83	-0.23	0.84	-0.45	-0.91	-0.92	0.84	0.96	-0.66	-0.8	0.64	-0.11	-0.75	-0.87		-0.35	-0.74
Short Term Debt	-0.43	0.49	0.29	0.88	-0.45	0.05	-0.44	-0.13	0.41	-0.43	-0.3	-0.13	-0.04	0.3	0.31	-0.13	-0.43	0.37	-0.1	-0.42	0.36	0.32	0.36	-0.35		0.11
Intangible Assets	-0.28	0.72	-0.02	0.12	-0.69	0.97	-0.7	0.59	0.73	-0.89	0.55	-0.5	0.73	0.9	0.9	-0.5	-0.77	0.57	0.83	-0.59	-0.23	0.28	0.92	-0.74	0.11

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Algoma Steel Account Relationship Matchups

When determining whether Algoma Steel Group is a strong investment it is important to analyze Algoma Steel's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Algoma Steel's future performance. For an informed investment choice regarding Algoma Stock, refer to the following important reports:

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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 board of governors.

You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Please note, there is a significant difference between Algoma Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Algoma Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Algoma Steel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Algoma Net Debt vs Total Current Assets Analysis

Net Debt vs Total Current Assets

Net Debt vs Total Current Assets Correlation Analysis

Correlation Coefficient

Net Debt

Total Current Assets

Algoma Steel fundamental ratios Correlations

Algoma Steel Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Net Tangible Assets	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Other Assets	+ 1.0	Non Currrent Assets Other
Intangible Assets	+ 0.97	Other Liab
Total Current Assets	+ 0.96	Net Receivables
Non Current Assets Total	+ 0.94	Property Plant And Equipment Net

Total Current Assets	- 0.99	Net Debt
Total Stockholder Equity	- 0.99	Short Long Term Debt Total
Net Tangible Assets	- 0.98	Short Long Term Debt Total
Total Liab	- 0.97	Retained Earnings
Net Receivables	- 0.96	Net Debt
Net Debt	- 0.93	Total Stockholder Equity