Algoma Steel Group Inc - Asset Resilience Ratio
Algoma Steel Group Inc (ASTL) has an Asset Resilience Ratio of -0.12% as of June 2024. The Asset Resilience Ratio measures the percentage of a company's total assets that are held in liquid form (cash and short-term investments). This metric indicates how well-positioned the company is to handle unexpected financial challenges, economic downturns, or strategic opportunities without requiring external financing. Check how strategically is Algoma Steel Group Inc's equity deployed to assess the company's strategic physical and investment asset allocation.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio Trend (None–None)
This chart shows how Algoma Steel Group Inc's Asset Resilience Ratio has changed over time. See net asset quality index of Algoma Steel Group Inc to measure how much of total assets are equity-financed.
Liquid Assets Composition Over Time
This chart breaks down Algoma Steel Group Inc's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time. For market capitalisation and broader financial context, see ASTL market cap overview.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 0% |
| Short-term Investments | CA$-3.90 Million | -0.12% |
| Total Liquid Assets | CA$-3.90 Million | -0.12% |
Asset Resilience Insights
- Limited Liquidity: Algoma Steel Group Inc maintains only -0.12% of assets in liquid form.
- This low level may indicate efficient asset utilization but could pose risks during economic downturns.
- The company primarily holds liquidity in cash and equivalents rather than short-term investments.
Algoma Steel Group Inc Industry Peers by Asset Resilience Ratio
Compare Algoma Steel Group Inc's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
Hang Zhou Iron & Steel Co Ltd
SHG:600126 |
Steel | 2.38% |
|
HBIS Co Ltd
SHE:000709 |
Steel | 0.20% |
|
Hyundai Steel
KO:004020 |
Steel | 2.96% |
|
SANDUR MANGANESE AND IRON ORES LTD
NSE:SANDUMA |
Steel | 3.16% |
|
Henan Hengxing Science & Technology Co Ltd
SHE:002132 |
Steel | -0.33% |
|
Mount Gibson Iron Ltd
AU:MGX |
Steel | 67.29% |
|
Yieh Hsing Enterprise Co Ltd
TW:2007 |
Steel | 1.01% |
|
Bansal Wire Industries Ltd
NSE:BANSALWIRE |
Steel | 1.16% |
Annual Asset Resilience Ratio for Algoma Steel Group Inc (None–None)
The table below shows the annual Asset Resilience Ratio data for Algoma Steel Group Inc.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| No yearly data available. | ||||
About Algoma Steel Group Inc
Algoma Steel Group Inc. produces and sells steel products in Canada, the United States, and internationally. The company offers flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural tube product manufacturers, and the light manufacturing and transportation indu… Read more