Algoma Capex To Depreciation vs Book Value Per Share Analysis

ASTL Stock

10.33 0.07 0.67%

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 Capex To Depreciation and its Book Value Per Share 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.

Capex To Depreciation vs Book Value Per Share

Capex To Depreciation vs Book Value Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Algoma Steel Group Capex To Depreciation account and Book Value Per Share. At this time, the significance of the direction appears to have pay attention.

The correlation between Algoma Steel's Capex To Depreciation and Book Value Per Share is -0.94. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Book Value Per Share 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 Capex To Depreciation and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Algoma Steel Group are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Capex To Depreciation i.e., Algoma Steel's Capex To Depreciation and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

-0.94

Relationship Direction	Negative
Relationship Strength	Significant

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Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

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.

As of the 10th of June 2024, Tax Provision is likely to drop to about 86.3 M. In addition to that, Selling General Administrative is likely to drop to about 86.8 M

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	87M	95.3M	85.8M	79.5M
Total Operating Expenses	103M	2.5B	2.9B	3.0B

Reconciled Depreciation Total Operating Expenses

Algoma Steel fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Common Stock Shares Outstanding	Long Term Debt Total
Other Current Liab		0.23	-0.64	0.55	0.48	-0.33	-0.69	0.85	0.12	-0.11	0.07	0.72	0.58	-0.62	0.42	-0.48	0.44	-0.17	-0.46	0.75	-0.18	-0.67	-0.47	0.36	-0.04	-0.21
Total Current Liabilities	0.23		-0.01	-0.2	-0.34	-0.15	0.25	-0.13	-0.31	0.01	-0.09	-0.15	-0.03	0.12	-0.07	0.11	-0.09	-0.18	0.09	0.14	-0.18	-0.12	0.09	-0.08	0.15	0.12
Other Liab	-0.64	-0.01		-0.77	-0.89	0.16	0.87	-0.8	-0.59	-0.21	-0.66	-0.77	-0.37	0.85	-0.43	0.54	-0.46	-0.28	0.49	-0.21	-0.28	0.25	0.51	-0.45	0.42	0.47
Net Tangible Assets	0.55	-0.2	-0.77		0.92	0.38	-0.78	0.86	0.81	-0.22	0.81	0.89	0.78	-0.44	0.86	-0.92	0.87	0.64	-0.91	0.48	0.64	-0.58	-0.92	0.9	-0.75	-0.74
Retained Earnings	0.48	-0.34	-0.89	0.92		0.11	-0.9	0.81	0.78	0.09	0.78	0.85	0.53	-0.68	0.63	-0.71	0.65	0.52	-0.69	0.27	0.51	-0.35	-0.7	0.67	-0.59	-0.58
Accounts Payable	-0.33	-0.15	0.16	0.38	0.11		0.26	-0.03	0.46	-0.67	0.56	0.04	0.45	0.53	0.56	-0.61	0.54	0.73	-0.61	-0.02	0.73	-0.15	-0.61	0.68	-0.79	-0.69
Other Assets	-0.69	0.25	0.87	-0.78	-0.9	0.26		-0.88	-0.58	-0.29	-0.47	-0.9	-0.48	0.79	-0.52	0.51	-0.53	-0.23	0.52	-0.48	-0.23	0.48	0.52	-0.47	0.25	0.28
Net Receivables	0.85	-0.13	-0.8	0.86	0.81	-0.03	-0.88		0.6	-0.17	0.45	0.96	0.78	-0.62	0.72	-0.76	0.75	0.3	-0.74	0.65	0.29	-0.65	-0.75	0.65	-0.37	-0.46
Inventory	0.12	-0.31	-0.59	0.81	0.78	0.46	-0.58	0.6		-0.19	0.82	0.73	0.64	-0.17	0.78	-0.75	0.81	0.9	-0.76	0.08	0.9	-0.2	-0.75	0.73	-0.66	-0.53
Other Current Assets	-0.11	0.01	-0.21	-0.22	0.09	-0.67	-0.29	-0.17	-0.19		-0.09	-0.08	-0.59	-0.46	-0.45	0.58	-0.51	-0.3	0.53	-0.19	-0.3	0.2	0.54	-0.45	0.37	0.42
Other Stockholder Equity	0.07	-0.09	-0.66	0.81	0.78	0.56	-0.47	0.45	0.82	-0.09		0.54	0.44	-0.27	0.64	-0.73	0.64	0.8	-0.71	-0.02	0.8	-0.16	-0.72	0.76	-0.88	-0.78
Total Current Assets	0.72	-0.15	-0.77	0.89	0.85	0.04	-0.9	0.96	0.73	-0.08	0.54		0.81	-0.51	0.82	-0.77	0.83	0.47	-0.79	0.65	0.46	-0.67	-0.78	0.73	-0.41	-0.42
Common Stock	0.58	-0.03	-0.37	0.78	0.53	0.45	-0.48	0.78	0.64	-0.59	0.44	0.81		0.0	0.95	-0.9	0.96	0.58	-0.92	0.72	0.57	-0.77	-0.92	0.86	-0.51	-0.51
Property Plant Equipment	-0.62	0.12	0.85	-0.44	-0.68	0.53	0.79	-0.62	-0.17	-0.46	-0.27	-0.51	0.0		-0.01	0.14	-0.02	0.19	0.07	-0.13	0.19	0.1	0.1	-0.04	0.08	0.21
Total Assets	0.42	-0.07	-0.43	0.86	0.63	0.56	-0.52	0.72	0.78	-0.45	0.64	0.82	0.95	-0.01		-0.91	0.98	0.76	-0.95	0.62	0.76	-0.72	-0.94	0.95	-0.68	-0.63
Short Long Term Debt Total	-0.48	0.11	0.54	-0.92	-0.71	-0.61	0.51	-0.76	-0.75	0.58	-0.73	-0.77	-0.9	0.14	-0.91		-0.94	-0.68	0.98	-0.48	-0.67	0.58	0.99	-0.94	0.77	0.77
Total Stockholder Equity	0.44	-0.09	-0.46	0.87	0.65	0.54	-0.53	0.75	0.81	-0.51	0.64	0.83	0.96	-0.02	0.98	-0.94		0.76	-0.97	0.57	0.75	-0.66	-0.96	0.93	-0.64	-0.59
Property Plant And Equipment Net	-0.17	-0.18	-0.28	0.64	0.52	0.73	-0.23	0.3	0.9	-0.3	0.8	0.47	0.58	0.19	0.76	-0.68	0.76		-0.71	0.0	1.0	-0.17	-0.7	0.75	-0.75	-0.58
Net Debt	-0.46	0.09	0.49	-0.91	-0.69	-0.61	0.52	-0.74	-0.76	0.53	-0.71	-0.79	-0.92	0.07	-0.95	0.98	-0.97	-0.71		-0.56	-0.7	0.66	1.0	-0.97	0.74	0.72
Cash	0.75	0.14	-0.21	0.48	0.27	-0.02	-0.48	0.65	0.08	-0.19	-0.02	0.65	0.72	-0.13	0.62	-0.48	0.57	0.0	-0.56		-0.01	-0.98	-0.55	0.55	-0.1	-0.18
Non Current Assets Total	-0.18	-0.18	-0.28	0.64	0.51	0.73	-0.23	0.29	0.9	-0.3	0.8	0.46	0.57	0.19	0.76	-0.67	0.75	1.0	-0.7	-0.01		-0.16	-0.69	0.74	-0.75	-0.57
Non Currrent Assets Other	-0.67	-0.12	0.25	-0.58	-0.35	-0.15	0.48	-0.65	-0.2	0.2	-0.16	-0.67	-0.77	0.1	-0.72	0.58	-0.66	-0.17	0.66	-0.98	-0.16		0.65	-0.68	0.29	0.34
Long Term Debt	-0.47	0.09	0.51	-0.92	-0.7	-0.61	0.52	-0.75	-0.75	0.54	-0.72	-0.78	-0.92	0.1	-0.94	0.99	-0.96	-0.7	1.0	-0.55	-0.69	0.65		-0.97	0.77	0.76
Cash And Short Term Investments	0.36	-0.08	-0.45	0.9	0.67	0.68	-0.47	0.65	0.73	-0.45	0.76	0.73	0.86	-0.04	0.95	-0.94	0.93	0.75	-0.97	0.55	0.74	-0.68	-0.97		-0.83	-0.79
Common Stock Shares Outstanding	-0.04	0.15	0.42	-0.75	-0.59	-0.79	0.25	-0.37	-0.66	0.37	-0.88	-0.41	-0.51	0.08	-0.68	0.77	-0.64	-0.75	0.74	-0.1	-0.75	0.29	0.77	-0.83		0.96
Long Term Debt Total	-0.21	0.12	0.47	-0.74	-0.58	-0.69	0.28	-0.46	-0.53	0.42	-0.78	-0.42	-0.51	0.21	-0.63	0.77	-0.59	-0.58	0.72	-0.18	-0.57	0.34	0.76	-0.79	0.96

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Algoma Steel Account Relationship Matchups

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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:

How To Invest In Algoma

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Is Algoma Stock a good investment?

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What is Algoma Steel's Net Worth?

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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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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 Capex To Depreciation vs Book Value Per Share Analysis

Capex To Depreciation vs Book Value Per Share

Capex To Depreciation vs Book Value Per Share Correlation Analysis

Correlation Coefficient

Capex To Depreciation

Book Value Per Share

Algoma Steel fundamental ratios Correlations

Algoma Steel Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Additional Information and Resources on Investing in Algoma Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Long Term Debt	+ 1.0	Net Debt
Long Term Debt	+ 0.99	Short Long Term Debt Total
Total Stockholder Equity	+ 0.98	Total Assets
Net Debt	+ 0.98	Short Long Term Debt Total
Total Current Assets	+ 0.96	Net Receivables

Non Currrent Assets Other	- 0.98	Cash
Cash And Short Term Investments	- 0.97	Long Term Debt
Cash And Short Term Investments	- 0.97	Net Debt
Net Debt	- 0.97	Total Stockholder Equity
Long Term Debt	- 0.96	Total Stockholder Equity
Net Debt	- 0.95	Total Assets