Algoma Long Term Debt vs Retained Earnings Analysis

ASTLW Stock

USD 2.26 0.01 0.44%

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 Long Term Debt 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.

Long Term Debt vs Retained Earnings

Long Term Debt 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 Long Term Debt account and Retained Earnings. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Algoma Steel's Long Term Debt and Retained Earnings is -0.69. Overlapping area represents the amount of variation of Long Term Debt 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 Long Term Debt 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 Long Term Debt 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 Long Term Debt i.e., Algoma Steel's Long Term Debt and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.69

Relationship Direction	Negative
Relationship Strength	Weak

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Long Term Debt

Long-term debt is a debt that Algoma Steel Group has held for over one year. Long-term debt appears on Algoma Steel Group balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Algoma Steel Group balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

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 3.5 B in 2024, whereas Tax Provision is likely to drop slightly above 37.7 M in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	3.8B	2.8B	2.8B	2.7B
Depreciation And Amortization	87.1M	98.9M	115M	83.6M

Total Revenue Depreciation And Amortization

Algoma Steel fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	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	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Short Long Term Debt Total	Long Term Debt	Net Receivables	Other Current Assets	Net Invested Capital
Total Assets		0.19	-0.03	0.86	0.38	-0.71	0.62	0.11	0.48	0.23	0.27	0.41	0.48	-0.59	-0.64	0.76	-0.02	-0.58	0.75	-0.28	0.94	-0.92	-0.96	0.71	0.82	0.99
Other Current Liab	0.19		0.93	-0.06	0.35	-0.41	-0.31	0.24	0.01	0.34	-0.32	0.22	0.01	0.02	-0.81	-0.12	0.64	0.24	-0.06	0.28	0.26	-0.16	-0.19	0.19	0.27	0.23
Total Current Liabilities	-0.03	0.93		-0.18	0.09	-0.11	-0.3	0.0	0.03	0.11	-0.15	0.34	0.03	0.11	-0.64	-0.22	0.44	0.22	-0.1	0.12	0.03	0.05	0.04	0.03	0.08	0.01
Total Stockholder Equity	0.86	-0.06	-0.18		0.01	-0.36	0.92	-0.33	0.52	-0.22	0.68	0.61	0.52	-0.76	-0.5	0.85	-0.46	-0.9	0.89	-0.69	0.81	-0.91	-0.91	0.72	0.6	0.85
Property Plant And Equipment Net	0.38	0.35	0.09	0.01		-0.46	-0.24	0.88	-0.52	0.94	-0.61	-0.15	-0.52	0.05	-0.36	0.24	0.72	0.36	-0.32	0.59	0.24	-0.25	-0.29	-0.11	0.29	0.38
Net Debt	-0.71	-0.41	-0.11	-0.36	-0.46		0.02	-0.45	-0.39	-0.43	0.35	0.19	-0.39	0.25	0.62	-0.15	-0.52	0.01	-0.36	-0.33	-0.82	0.63	0.66	-0.71	-0.68	-0.69
Retained Earnings	0.62	-0.31	-0.3	0.92	-0.24	0.02		-0.57	0.45	-0.45	0.89	0.7	0.45	-0.7	-0.22	0.83	-0.75	-0.97	0.83	-0.89	0.53	-0.7	-0.69	0.49	0.37	0.62
Accounts Payable	0.11	0.24	0.0	-0.33	0.88	-0.45	-0.57		-0.53	0.93	-0.84	-0.46	-0.53	0.26	-0.09	-0.13	0.82	0.65	-0.53	0.84	0.05	0.04	0.01	-0.2	0.05	0.06
Cash	0.48	0.01	0.03	0.52	-0.52	-0.39	0.45	-0.53		-0.51	0.49	0.26	1.0	-0.31	-0.22	0.17	-0.41	-0.53	0.84	-0.5	0.6	-0.41	-0.44	0.71	0.58	0.48
Non Current Assets Total	0.23	0.34	0.11	-0.22	0.94	-0.43	-0.45	0.93	-0.51		-0.73	-0.27	-0.51	0.19	-0.22	0.09	0.78	0.52	-0.44	0.72	0.12	-0.07	-0.11	-0.26	0.21	0.21
Non Currrent Assets Other	0.27	-0.32	-0.15	0.68	-0.61	0.35	0.89	-0.84	0.49	-0.73		0.75	0.49	-0.56	-0.03	0.58	-0.92	-0.91	0.74	-1.0	0.22	-0.39	-0.36	0.31	0.1	0.27
Other Assets	0.41	0.22	0.34	0.61	-0.15	0.19	0.7	-0.46	0.26	-0.27	0.75		0.26	-0.56	-0.44	0.68	-0.49	-0.71	0.57	-0.78	0.32	-0.48	-0.47	0.21	0.16	0.41
Cash And Short Term Investments	0.48	0.01	0.03	0.52	-0.52	-0.39	0.45	-0.53	1.0	-0.51	0.49	0.26		-0.31	-0.22	0.17	-0.41	-0.53	0.84	-0.5	0.6	-0.41	-0.44	0.71	0.58	0.48
Common Stock Shares Outstanding	-0.59	0.02	0.11	-0.76	0.05	0.25	-0.7	0.26	-0.31	0.19	-0.56	-0.56	-0.31		0.45	-0.68	0.36	0.76	-0.66	0.57	-0.64	0.78	0.73	-0.59	-0.19	-0.54
Non Current Liabilities Total	-0.64	-0.81	-0.64	-0.5	-0.36	0.62	-0.22	-0.09	-0.22	-0.22	-0.03	-0.44	-0.22	0.45		-0.36	-0.36	0.27	-0.4	0.07	-0.7	0.69	0.7	-0.61	-0.5	-0.66
Inventory	0.76	-0.12	-0.22	0.85	0.24	-0.15	0.83	-0.13	0.17	0.09	0.58	0.68	0.17	-0.68	-0.36		-0.4	-0.79	0.64	-0.59	0.6	-0.8	-0.8	0.31	0.46	0.75
Other Stockholder Equity	-0.02	0.64	0.44	-0.46	0.72	-0.52	-0.75	0.82	-0.41	0.78	-0.92	-0.49	-0.41	0.36	-0.36	-0.4		0.76	-0.56	0.9	0.03	0.12	0.09	-0.1	0.09	-0.01
Total Liab	-0.58	0.24	0.22	-0.9	0.36	0.01	-0.97	0.65	-0.53	0.52	-0.91	-0.71	-0.53	0.76	0.27	-0.79	0.76		-0.87	0.92	-0.56	0.72	0.7	-0.55	-0.32	-0.57
Total Current Assets	0.75	-0.06	-0.1	0.89	-0.32	-0.36	0.83	-0.53	0.84	-0.44	0.74	0.57	0.84	-0.66	-0.4	0.64	-0.56	-0.87		-0.74	0.78	-0.77	-0.78	0.78	0.62	0.74
Intangible Assets	-0.28	0.28	0.12	-0.69	0.59	-0.33	-0.89	0.84	-0.5	0.72	-1.0	-0.78	-0.5	0.57	0.07	-0.59	0.9	0.92	-0.74		-0.24	0.41	0.38	-0.32	-0.11	-0.29
Common Stock	0.94	0.26	0.03	0.81	0.24	-0.82	0.53	0.05	0.6	0.12	0.22	0.32	0.6	-0.64	-0.7	0.6	0.03	-0.56	0.78	-0.24		-0.93	-0.95	0.87	0.74	0.91
Short Long Term Debt Total	-0.92	-0.16	0.05	-0.91	-0.25	0.63	-0.7	0.04	-0.41	-0.07	-0.39	-0.48	-0.41	0.78	0.69	-0.8	0.12	0.72	-0.77	0.41	-0.93		0.99	-0.78	-0.59	-0.89
Long Term Debt	-0.96	-0.19	0.04	-0.91	-0.29	0.66	-0.69	0.01	-0.44	-0.11	-0.36	-0.47	-0.44	0.73	0.7	-0.8	0.09	0.7	-0.78	0.38	-0.95	0.99		-0.77	-0.69	-0.94
Net Receivables	0.71	0.19	0.03	0.72	-0.11	-0.71	0.49	-0.2	0.71	-0.26	0.31	0.21	0.71	-0.59	-0.61	0.31	-0.1	-0.55	0.78	-0.32	0.87	-0.78	-0.77		0.54	0.68
Other Current Assets	0.82	0.27	0.08	0.6	0.29	-0.68	0.37	0.05	0.58	0.21	0.1	0.16	0.58	-0.19	-0.5	0.46	0.09	-0.32	0.62	-0.11	0.74	-0.59	-0.69	0.54		0.88
Net Invested Capital	0.99	0.23	0.01	0.85	0.38	-0.69	0.62	0.06	0.48	0.21	0.27	0.41	0.48	-0.54	-0.66	0.75	-0.01	-0.57	0.74	-0.29	0.91	-0.89	-0.94	0.68	0.88

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Algoma Long Term Debt vs Retained Earnings Analysis

Long Term Debt vs Retained Earnings

Long Term Debt vs Retained Earnings Correlation Analysis

Correlation Coefficient

Long Term Debt

Retained Earnings

Algoma Steel fundamental ratios Correlations

Algoma Steel Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

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Cash And Short Term Investments	+ 1.0	Cash
Net Invested Capital	+ 0.99	Total Assets
Long Term Debt	+ 0.99	Short Long Term Debt Total
Common Stock	+ 0.94	Total Assets
Non Current Assets Total	+ 0.94	Property Plant And Equipment Net
Total Current Liabilities	+ 0.93	Other Current Liab

Intangible Assets	- 1.0	Non Currrent Assets Other
Total Liab	- 0.97	Retained Earnings
Long Term Debt	- 0.96	Total Assets
Long Term Debt	- 0.95	Common Stock
Net Invested Capital	- 0.94	Long Term Debt
Short Long Term Debt Total	- 0.93	Common Stock