Algoma Historical Balance Sheet
| ASTLW Stock | USD 1.62 0.11 6.36% |
Trend analysis of Algoma Steel Group balance sheet accounts such as Other Current Liab of 211.7 M, Total Current Liabilities of 406.7 M or Total Stockholder Equity of 1.6 B provides information on Algoma Steel's total assets, liabilities, and equity, which is the actual value of Algoma Steel Group to its prevalent stockholders. By breaking down trends over time using Algoma Steel balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Algoma Steel Group latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Algoma Steel Group is a good buy for the upcoming year.
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About Algoma Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Algoma Steel Group at a specified time, usually calculated after every quarter, six months, or one year. Algoma Steel Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Algoma Steel and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Algoma currently owns. An asset can also be divided into two categories, current and non-current.
Algoma Steel Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Algoma Steel assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Algoma Steel Group books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Algoma Steel balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Algoma Steel Group are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Most accounts from Algoma Steel's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts 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 balance sheet accounts, 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. At this time, Algoma Steel's Net Receivables is fairly stable compared to the past year. Other Current Assets is likely to climb to about 90.5 M in 2024, whereas Other Current Liabilities is likely to drop slightly above 211.7 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 151.3M | 74.5M | 267.9M | 211.7M | Total Assets | 2.7B | 2.5B | 2.7B | 2.3B |
Algoma Steel balance sheet Correlations
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Algoma Steel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Algoma Stock Analysis
When running Algoma Steel's price analysis, check to measure Algoma Steel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Algoma Steel is operating at the current time. Most of Algoma Steel's value examination focuses on studying past and present price action to predict the probability of Algoma Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Algoma Steel's price. Additionally, you may evaluate how the addition of Algoma Steel to your portfolios can decrease your overall portfolio volatility.