Algoma Cash And Short Term Investments from 2010 to 2024
| ASTL Stock | USD 7.45 0.19 2.49% |
Cash And Short Term Investments | First Reported 2012-12-31 | Previous Quarter 213.6 M | Current Value 94.7 M | Quarterly Volatility 313.7 M |
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 82 M, Interest Expense of 37.6 M or Total Revenue of 2.6 B, as well as many indicators such as Price To Sales Ratio of 0.53, Dividend Yield of 0.011 or PTB Ratio of 0.87. Algoma financial statements analysis is a perfect complement when working with Algoma Steel Valuation or Volatility modules.
Algoma | Cash And Short Term Investments |
Latest Algoma Steel's Cash And Short Term Investments Growth Pattern
Below is the plot of the Cash And Short Term Investments of Algoma Steel Group over the last few years. Short Term Investments is an account in the current assets section of Algoma Steel Group balance sheet. This account contains Algoma Steel investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Algoma Steel Group fairly quickly. It is the sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash. Algoma Steel's Cash And Short Term Investments 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.
| Cash And Short Term Investments | 10 Years Trend |
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Cash And Short Term Investments |
| Timeline |
Algoma Cash And Short Term Investments Regression Statistics
| Arithmetic Mean | 228,784,000 | |
| Geometric Mean | 120,259,525 | |
| Coefficient Of Variation | 97.31 | |
| Mean Deviation | 136,216,000 | |
| Median | 265,000,000 | |
| Standard Deviation | 222,629,773 | |
| Sample Variance | 49564T | |
| Range | 911.7M | |
| R-Value | 0.52 | |
| Mean Square Error | 39213.1T | |
| R-Squared | 0.27 | |
| Significance | 0.05 | |
| Slope | 25,643,607 | |
| Total Sum of Squares | 693896.2T |
Algoma Cash And Short Term Investments History
About Algoma Steel Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Algoma Steel income statement, its balance sheet, and the statement of cash flows. Algoma Steel investors use historical funamental indicators, such as Algoma Steel's Cash And Short Term Investments, to determine how well the company is positioned to perform in the future. Although Algoma Steel investors may use each financial statement separately, they are all related. The changes in Algoma Steel's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Algoma Steel's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Algoma Steel Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Algoma Steel. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Cash And Short Term Investments | 284.5 M | 272.2 M |
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Additional Information and Resources on Investing in Algoma Stock
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:Check out the analysis of Algoma Steel Correlation against competitors. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Algoma Steel. If investors know Algoma will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Algoma Steel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.34) | Dividend Share 0.266 | Earnings Share 0.47 | Revenue Per Share 26.303 | Quarterly Revenue Growth 0.084 |
The market value of Algoma Steel Group is measured differently than its book value, which is the value of Algoma that is recorded on the company's balance sheet. Investors also form their own opinion of Algoma Steel's value that differs from its market value or its book value, called intrinsic value, which is Algoma Steel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Algoma Steel's market value can be influenced by many factors that don't directly affect Algoma Steel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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.