Algoma Other Current Assets vs Other Current Liab Analysis

ASTLW Stock

USD 0.07 0.01 16.67%

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 Other Current Assets and its Other Current Liab 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.

Other Current Assets vs Other Current Liab

Other Current Assets vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Algoma Steel Group Other Current Assets account and Other Current Liab. At this time, the significance of the direction appears to have strong relationship.

The correlation between Algoma Steel's Other Current Assets and Other Current Liab is 0.7. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Other Current Liab 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 Other Current Assets and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Algoma Steel Group are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Other Current Assets i.e., Algoma Steel's Other Current Assets and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.7

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Other Current Liab

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.

Enterprise Value is likely to climb to about 3.2 B in 2026, whereas Tax Provision is likely to drop slightly above 43.4 M in 2026.

	2023	2024	2025	2026 (projected)
Total Revenue	2.8B	2.5B	2.8B	2.7B
Depreciation And Amortization	115M	137.1M	157.6M	118.9M

Total Revenue Depreciation And Amortization

Algoma Steel fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Long Term Debt
Total Assets		-0.54	0.86	0.0	0.83	0.79	-0.51	0.59	0.49	0.39	0.73	0.2	0.52	0.39	0.26	-0.68	-0.35	0.91	0.63	-0.56	-0.35	0.8	-0.43	-0.34	0.87	-0.89
Short Long Term Debt Total	-0.54		-0.68	0.19	-0.86	-0.03	0.94	-0.89	0.25	-0.59	0.05	0.6	-0.49	-0.59	-0.81	0.76	0.81	-0.62	-0.73	0.88	0.93	-0.82	0.48	0.73	-0.74	0.81
Other Current Liab	0.86	-0.68		0.23	0.82	0.53	-0.69	0.55	0.28	0.56	0.48	0.0	0.54	0.56	0.49	-0.76	-0.58	0.71	0.7	-0.61	-0.47	0.82	-0.28	-0.36	0.96	-0.92
Total Current Liabilities	0.0	0.19	0.23		-0.12	0.07	0.12	-0.28	0.01	0.03	0.08	0.21	0.35	0.03	-0.22	0.08	-0.3	-0.12	0.05	0.11	0.22	-0.07	0.85	0.11	0.04	0.01
Total Stockholder Equity	0.83	-0.86	0.82	-0.12		0.41	-0.81	0.89	0.06	0.56	0.33	-0.29	0.62	0.56	0.62	-0.84	-0.7	0.85	0.8	-0.87	-0.78	0.91	-0.49	-0.69	0.85	-0.93
Property Plant And Equipment Net	0.79	-0.03	0.53	0.07	0.41		0.09	0.1	0.88	-0.21	1.0	0.71	0.17	-0.21	-0.38	-0.35	0.15	0.71	0.19	-0.02	0.19	0.25	-0.26	0.18	0.52	-0.56
Net Debt	-0.51	0.94	-0.69	0.12	-0.81	0.09		-0.83	0.35	-0.83	0.16	0.69	-0.5	-0.83	-0.92	0.66	0.8	-0.5	-0.7	0.87	0.88	-0.89	0.4	0.72	-0.75	0.75
Retained Earnings	0.59	-0.89	0.55	-0.28	0.89	0.1	-0.83		-0.28	0.54	0.01	-0.54	0.65	0.54	0.71	-0.74	-0.76	0.75	0.82	-0.97	-0.92	0.85	-0.46	-0.9	0.59	-0.72
Accounts Payable	0.49	0.25	0.28	0.01	0.06	0.88	0.35	-0.28		-0.39	0.91	0.79	-0.27	-0.39	-0.57	-0.06	0.5	0.33	-0.22	0.39	0.52	-0.11	-0.26	0.58	0.31	-0.29
Cash	0.39	-0.59	0.56	0.03	0.56	-0.21	-0.83	0.54	-0.39		-0.26	-0.62	0.41	1.0	0.85	-0.35	-0.58	0.21	0.48	-0.63	-0.58	0.8	-0.19	-0.54	0.61	-0.49
Non Current Assets Total	0.73	0.05	0.48	0.08	0.33	1.0	0.16	0.01	0.91	-0.26		0.75	0.09	-0.26	-0.44	-0.29	0.23	0.64	0.11	0.07	0.28	0.17	-0.24	0.27	0.47	-0.5
Non Currrent Assets Other	0.2	0.6	0.0	0.21	-0.29	0.71	0.69	-0.54	0.79	-0.62	0.75		-0.23	-0.62	-0.8	0.16	0.62	0.11	-0.27	0.57	0.75	-0.39	0.12	0.62	-0.09	0.09
Other Assets	0.52	-0.49	0.54	0.35	0.62	0.17	-0.5	0.65	-0.27	0.41	0.09	-0.23		0.41	0.43	-0.55	-0.78	0.62	0.85	-0.75	-0.61	0.67	0.2	-0.78	0.39	-0.46
Cash And Short Term Investments	0.39	-0.59	0.56	0.03	0.56	-0.21	-0.83	0.54	-0.39	1.0	-0.26	-0.62	0.41		0.85	-0.35	-0.58	0.21	0.48	-0.63	-0.58	0.8	-0.19	-0.54	0.61	-0.49
Net Receivables	0.26	-0.81	0.49	-0.22	0.62	-0.38	-0.92	0.71	-0.57	0.85	-0.44	-0.8	0.43	0.85		-0.53	-0.72	0.23	0.62	-0.77	-0.85	0.76	-0.37	-0.71	0.53	-0.49
Common Stock Shares Outstanding	-0.68	0.76	-0.76	0.08	-0.84	-0.35	0.66	-0.74	-0.06	-0.35	-0.29	0.16	-0.55	-0.35	-0.53		0.62	-0.73	-0.8	0.75	0.68	-0.73	0.44	0.59	-0.72	0.8
Non Current Liabilities Total	-0.35	0.81	-0.58	-0.3	-0.7	0.15	0.8	-0.76	0.5	-0.58	0.23	0.62	-0.78	-0.58	-0.72	0.62		-0.44	-0.78	0.86	0.86	-0.7	-0.1	0.82	-0.51	0.58
Inventory	0.91	-0.62	0.71	-0.12	0.85	0.71	-0.5	0.75	0.33	0.21	0.64	0.11	0.62	0.21	0.23	-0.73	-0.44		0.74	-0.69	-0.51	0.75	-0.44	-0.54	0.71	-0.83
Other Current Assets	0.63	-0.73	0.7	0.05	0.8	0.19	-0.7	0.82	-0.22	0.48	0.11	-0.27	0.85	0.48	0.62	-0.8	-0.78	0.74		-0.89	-0.77	0.82	-0.21	-0.85	0.59	-0.67
Other Stockholder Equity	-0.56	0.88	-0.61	0.11	-0.87	-0.02	0.87	-0.97	0.39	-0.63	0.07	0.57	-0.75	-0.63	-0.77	0.75	0.86	-0.69	-0.89		0.93	-0.88	0.31	0.95	-0.59	0.7
Total Liab	-0.35	0.93	-0.47	0.22	-0.78	0.19	0.88	-0.92	0.52	-0.58	0.28	0.75	-0.61	-0.58	-0.85	0.68	0.86	-0.51	-0.77	0.93		-0.76	0.35	0.89	-0.5	0.6
Total Current Assets	0.8	-0.82	0.82	-0.07	0.91	0.25	-0.89	0.85	-0.11	0.8	0.17	-0.39	0.67	0.8	0.76	-0.73	-0.7	0.75	0.82	-0.88	-0.76		-0.41	-0.73	0.84	-0.84
Short Term Debt	-0.43	0.48	-0.28	0.85	-0.49	-0.26	0.4	-0.46	-0.26	-0.19	-0.24	0.12	0.2	-0.19	-0.37	0.44	-0.1	-0.44	-0.21	0.31	0.35	-0.41		0.15	-0.46	0.49
Intangible Assets	-0.34	0.73	-0.36	0.11	-0.69	0.18	0.72	-0.9	0.58	-0.54	0.27	0.62	-0.78	-0.54	-0.71	0.59	0.82	-0.54	-0.85	0.95	0.89	-0.73	0.15		-0.31	0.43
Common Stock	0.87	-0.74	0.96	0.04	0.85	0.52	-0.75	0.59	0.31	0.61	0.47	-0.09	0.39	0.61	0.53	-0.72	-0.51	0.71	0.59	-0.59	-0.5	0.84	-0.46	-0.31		-0.96
Long Term Debt	-0.89	0.81	-0.92	0.01	-0.93	-0.56	0.75	-0.72	-0.29	-0.49	-0.5	0.09	-0.46	-0.49	-0.49	0.8	0.58	-0.83	-0.67	0.7	0.6	-0.84	0.49	0.43	-0.96

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Algoma Steel Account Relationship Matchups

Algoma Steel fundamental ratios Accounts

	2021	2022	2023	2024	2025	2026 (projected)
Total Assets	2.7B	2.5B	2.7B	3.2B	3.7B	2.5B
Short Long Term Debt Total	96.2M	122.3M	146.1M	673.2M	605.9M	490.6M
Other Current Liab	408.5M	257.3M	267.9M	317.8M	365.5M	253.9M
Total Current Liabilities	537.5M	343.4M	428.5M	490.3M	441.3M	404.9M
Total Stockholder Equity	1.6B	1.5B	1.5B	1.5B	1.7B	1.8B
Property Plant And Equipment Net	773.7M	1.1B	1.4B	1.7B	1.9B	1.2B
Net Debt	(819.1M)	(125.1M)	48.2M	406.3M	365.7M	305.7M
Retained Earnings	77.8M	211.6M	288.4M	102M	117.3M	123.2M
Accounts Payable	54.6M	59.8M	142M	146.1M	168.0M	105.9M
Cash	915.3M	247.4M	97.9M	266.9M	306.9M	254.3M
Non Current Assets Total	777.1M	1.1B	1.4B	1.7B	1.9B	1.2B
Non Currrent Assets Other	2.3M	7.1M	7.6M	16.6M	14.9M	8.1M
Cash And Short Term Investments	915.3M	247.4M	97.9M	266.9M	306.9M	254.3M
Net Receivables	402.3M	291.2M	235.4M	213.7M	245.8M	272.8M
Common Stock Shares Outstanding	148.0M	147M	133M	108.5M	97.7M	92.8M
Liabilities And Stockholders Equity	2.7B	2.5B	2.7B	3.2B	3.7B	2.5B
Non Current Liabilities Total	573.5M	650M	745.1M	1.2B	1.1B	833.0M
Inventory	480M	722.7M	807.8M	879.2M	1.0B	601.2M
Other Current Assets	134.6M	119.4M	121.4M	146.6M	168.6M	118.7M
Total Liab	1.1B	993.4M	1.2B	1.7B	1.5B	1.2B
Total Current Assets	1.9B	1.4B	1.3B	1.5B	1.7B	1.2B
Accumulated Other Comprehensive Income	152M	313.6M	267.1M	431.7M	496.5M	521.3M
Short Term Debt	10.1M	11.9M	16.5M	26.4M	23.8M	22.6M
Intangible Assets	1.1M	900K	700K	500K	450K	427.5K
Common Stock	1.4B	958.4M	963.9M	974.8M	1.1B	835.3M
Long Term Debt	525.7M	85.2M	110.4M	127.4M	114.7M	223.1M
Net Invested Capital	789.6M	1.7B	1.6B	1.6B	1.9B	1.5B
Property Plant And Equipment Gross	936.3M	773.7M	1.5B	1.9B	2.2B	1.4B
Short Long Term Debt	90.1M	10.1M	11.9M	16.5M	14.9M	14.1M
Net Working Capital	494.2M	1.4B	1.0B	834M	959.1M	949.3M

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Algoma Other Current Assets vs Other Current Liab Analysis

Other Current Assets vs Other Current Liab

Other Current Assets vs Other Current Liab Correlation Analysis

Correlation Coefficient

Other Current Assets

Other Current Liab

Algoma Steel fundamental ratios Correlations

Algoma Steel Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Algoma Steel fundamental ratios Accounts

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Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 0.96	Other Current Liab
Intangible Assets	+ 0.95	Other Stockholder Equity
Net Debt	+ 0.94	Short Long Term Debt Total
Total Liab	+ 0.93	Short Long Term Debt Total

Other Stockholder Equity	- 0.97	Retained Earnings
Long Term Debt	- 0.96	Common Stock
Long Term Debt	- 0.93	Total Stockholder Equity
Total Liab	- 0.92	Retained Earnings
Net Receivables	- 0.92	Net Debt
Long Term Debt	- 0.92	Other Current Liab