Algoma Steel Group Inc.
ASTL, ASTLW · Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) · EDGAR filings ↗
Grade
F38Cyclical integrated steelmaker in a deep loss year with negative gross margin and roughly one quarter of cash.
Strengths
- Effective internal controls with a clean audit opinion from Deloitte
- Current ratio 2.18 provides some near-term liquidity cushion
Risks
- Negative gross margin (-81%, 10th pct) and operating margin (-64%); ROE -2.75 and ROA -0.64
- Only ~0.8 quarters of cash runway, debt/equity 0.99 (80th pct) and large negative FCF (~-$288M)
Notable findings
- No interest coverageInterest coverage -18.39 (cannot cover interest)
- Net lossNet loss (net margin -64.6%)
- Cash burnNegative free cash flow (-288.2M)
Key metrics
Gross margin
-80.5%
Operating margin
-63.6%
Net margin
-64.6%
Return on equity
-274.6%
Return on assets
-63.7%
ROIC
-107.5%
Debt / equity
1.0×
Interest coverage
-18.4×
Current ratio
2.2×
Free cash flow
-$288M
Tangible book value
$359M
Cash & investments
$57M
Cash runway
1q
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2026-03-12 | 2025-12-31 | 0001193125-26-102628 ↗ |
| 40-F | 2025-03-13 | 2024-12-31 | 0001193125-25-053106 ↗ |
| 40-F | 2024-06-21 | 2024-03-31 | 0001193125-24-164729 ↗ |
| 40-F | 2023-06-22 | 2023-03-31 | 0001193125-23-171446 ↗ |
| 20-F | 2022-06-17 | 2022-03-31 | 0001193125-22-176453 ↗ |
| 20-F | 2021-10-22 | 2021-10-19 | 0001193125-21-305238 ↗ |