Algoma Steel Group Stock Current Ratio
| 9ZY Stock | 10.00 0.10 0.99% |
ALGOMA STEEL GROUP fundamentals help investors to digest information that contributes to ALGOMA STEEL's financial success or failures. It also enables traders to predict the movement of ALGOMA Stock. The fundamental analysis module provides a way to measure ALGOMA STEEL's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ALGOMA STEEL stock.
ALGOMA |
ALGOMA STEEL GROUP Company Current Ratio Analysis
ALGOMA STEEL's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
| Competition |
In accordance with the recently published financial statements, ALGOMA STEEL GROUP has a Current Ratio of 0.0 times. This is 100.0% lower than that of the Basic Materials sector and 100.0% lower than that of the Steel industry. The current ratio for all Germany stocks is 100.0% higher than that of the company.
ALGOMA Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ALGOMA STEEL's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of ALGOMA STEEL could also be used in its relative valuation, which is a method of valuing ALGOMA STEEL by comparing valuation metrics of similar companies.ALGOMA STEEL is currently under evaluation in current ratio category among its peers.
ALGOMA Fundamentals
| Return On Equity | 0.66 | |||
| Return On Asset | 0.28 | |||
| Profit Margin | 0.21 % | |||
| Operating Margin | 0.31 % | |||
| Shares Outstanding | 103.86 M | |||
| Shares Owned By Insiders | 10.64 % | |||
| Shares Owned By Institutions | 70.29 % | |||
| Revenue | 3.54 B | |||
| Gross Profit | 1.51 B | |||
| EBITDA | 1.19 B | |||
| Book Value Per Share | 14.78 X | |||
| Earnings Per Share | 4.58 X | |||
| Market Capitalization | 818.92 M | |||
| Annual Yield | 0.02 % | |||
| Last Dividend Paid | 0.2 |
About ALGOMA STEEL Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ALGOMA STEEL GROUP's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ALGOMA STEEL using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ALGOMA STEEL GROUP based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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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 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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.