Algoma Steel Group Inc. (ASTL) Key Metrics

NASDAQ: ASTLValuation, returns, debt and efficiency ratios over 10 years.

ASTL key metrics, FY2013–FY2026

Fiscal year ended March 31, 2026 · Canadian dollars

ASTL returns How much profit the business earns on the capital it uses.

Return on equity−88.2 pts
−98.5%
FY2026 · hover or tap a bar for each year
FY2020: −58.7%FY2021: −32.1% (+26.5 pts)FY2022: 97.7% (+129.8 pts)FY2023: 19.6% (−78.1 pts)FY2024: 7.1% (−12.5 pts)FY2025: −10.3% (−17.4 pts)FY2026: −98.5% (−88.2 pts)
FY2013FY2026
Return on invested capital−29.0 pts
−38.5%
FY2026 · hover or tap a bar for each year
FY2013: −11.9%FY2014: −27.6% (−15.7 pts)FY2020: −12.9%FY2021: 8.3% (+21.3 pts)FY2022: 136.6% (+128.3 pts)FY2023: 21.9% (−114.7 pts)FY2024: 8.4% (−13.5 pts)FY2025: −9.5% (−17.9 pts)FY2026: −38.5% (−29.0 pts)
FY2013FY2026
Return on assets−31.9 pts
−37.2%
FY2026 · hover or tap a bar for each year
FY2013: −10.8%FY2014: −17.0% (−6.2 pts)FY2020: −9.6%FY2021: −4.5% (+5.1 pts)FY2022: 40.4% (+44.9 pts)FY2023: 11.6% (−28.8 pts)FY2024: 4.1% (−7.5 pts)FY2025: −5.3% (−9.4 pts)FY2026: −37.2% (−31.9 pts)
FY2013FY2026
Free cash flow margin−1.6 pts
−18.9%
FY2026 · hover or tap a bar for each year
FY2013: −2.3%FY2014: 2.3% (+4.6 pts)FY2019: 7.0% (+4.7 pts)FY2020: −6.1% (−13.1 pts)FY2021: −3.5% (+2.5 pts)FY2022: 28.8% (+32.3 pts)FY2023: −5.6% (−34.4 pts)FY2024: −7.0% (−1.4 pts)FY2025: −17.3% (−10.3 pts)FY2026: −18.9% (−1.6 pts)
FY2013FY2026
Asset turnover+35.2%
0.79
FY2026 · hover or tap a bar for each year
FY2013: 0.99FY2014: 0.97 (−2.0%)FY2020: 1.07FY2021: 1.06 (−0.8%)FY2022: 1.79 (+68.9%)FY2023: 1.08 (−39.8%)FY2024: 1.09 (+1.0%)FY2025: 0.58 (−46.6%)FY2026: 0.79 (+35.2%)
FY2013FY2026

ASTL returns on capital

ROEROICROA

Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.

ASTL debt vs cash

Total debtCash & short-term investments

Debt includes short- and long-term borrowings and, where reported, lease liabilities.

ASTL cash returned to shareholders

DividendsBuybacksFree cash flow

ASTL key metrics in Canadian dollars

FY2013–FY2026
FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2014FY2013
Returns & profitability
Return on equity (ROE)−98.5%−10.3%7.1%19.6%97.7%−32.1%−58.7%———
Return on invested capital (ROIC)−38.5%−9.5%8.4%21.9%136.6%8.3%−12.9%—−27.6%−11.9%
Return on assets (ROA)−37.2%−5.3%4.1%11.6%40.4%−4.5%−9.6%—−17.0%−10.8%
Return on tangible assets−46.6%−4.9%3.9%12.2%31.9%−4.9%−9.6%—−18.2%−11.3%
Free cash flow margin−18.9%−17.3%−7.0%−5.6%28.8%−3.5%−6.1%7.0%2.3%−2.3%
Income quality (OCF / net income)——2.800.591.47——8.57——
Financial health
Total debtC$862.0MC$673.2MC$146.1MC$122.7MC$96.2MC$615.8MC$801.8M—C$1.30BC$1.13B
Cash & short-term investmentsC$77.5MC$266.9MC$97.9MC$247.4MC$915.3MC$21.2MC$265.0M—C$3.6MC$32.5M
Net debtC$784.5MC$406.3MC$48.2M−C$124.7M−C$819.1MC$594.6MC$536.8M—C$1.29BC$1.10B
Debt / equity1.760.450.100.080.063.542.67———
Debt / assets0.410.210.050.050.040.400.44—0.720.60
Net debt / EBITDA——0.16−0.25−0.636.2320.03——63.83
Current ratio2.183.072.953.983.572.422.34—0.402.29
Quick ratio1.031.281.061.872.671.231.34—0.170.95
Interest coverage-9.1-4.44.027.536.31.0-3.1———
Working capitalC$585.0MC$1.02BC$834.0MC$1.02BC$1.38BC$494.2MC$584.9M—−C$719.9MC$334.6M
Invested capitalC$1.28BC$1.91BC$1.55BC$1.34BC$763.5MC$768.4MC$836.7M—C$761.2MC$797.7M
Tangible asset valueC$490.8MC$1.51BC$1.50BC$1.46BC$1.58BC$172.3MC$297.1M—−C$606.8M−C$380.1M
Net current asset value−C$542.4M−C$171.3MC$88.9MC$372.9MC$805.5M−C$537.3M−C$509.6M—−C$1.85B−C$1.58B
Capital allocation
Dividends paidC$14.8MC$14.9MC$27.9MC$30.7MC$9.3MC$9.3MC$9.3MC$9.3MC$9.3M—
Share buybacks (net)——C$0C$553.2MC$384.2M—————
Dividend payout ratio——26.5%10.3%1.1%——28.9%——
Dividends + buybacks / free cash flow————35.9%——4.9%22.9%—
Capex / revenue15.8%12.2%17.5%12.0%4.4%4.0%5.8%3.2%1.7%2.7%
Capex / operating cash flow——166.2%188.1%13.3%886.4%—31.5%42.2%632.1%
Capex / depreciation0.922.094.263.501.930.820.891.180.270.37
Stock-based compensation / revenue−0.9%1.4%0.0%−0.2%1.0%0.8%−3.6%———
SG&A / revenue5.3%—4.8%3.6%2.7%4.0%2.9%———
Efficiency
Days sales outstanding53.748.034.445.632.553.346.5—32.335.4
Days of inventory on hand96.1169.3112.291.971.395.078.3—58.967.1
Days payables outstanding12.928.914.88.77.89.98.1—26.129.3
Cash conversion cycle (days)136.9188.4131.8128.796.0138.4116.7—65.273.3
Receivables turnover6.807.6010.628.0111.256.857.85—11.2910.31
Payables turnover28.3812.6324.6741.7646.8236.9744.97—14.0112.48
Inventory turnover3.802.163.253.975.123.844.66—6.195.44
Asset turnover0.790.581.091.081.791.061.07—0.970.99
Average receivablesC$306.6MC$224.6MC$263.3MC$346.8MC$338.4MC$261.9MC$249.3M—C$158.8MC$180.9M
Average payablesC$96.9MC$144.1MC$100.9MC$57.2MC$49.0MC$44.3MC$45.3M—C$139.4MC$151.0M
Average inventoryC$724.2MC$843.5MC$765.2MC$601.4MC$447.6MC$426.1MC$436.9M—C$315.3MC$346.6M
Intangibles / total assets0.0%0.0%0.0%0.0%0.0%0.1%0.2%—4.2%4.3%

Computed from ASTL's annual financial statements (latest annual report filed March 12, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Canadian dollars; data from EODHD. Averages use the opening and closing balance of each year.

ASTL valuation and financial ratios

Algoma Steel earned a return on equity of −98.5% and a return on invested capital of −38.5% in fiscal 2026. It ended the year with C$862.0 million of debt and C$77.5 million in cash and short-term investments, net debt of C$784.5 million. It returned C$14.8 million to shareholders: C$14.8 million in dividends and C$0 in share buybacks.

See the ASTL income statement, the ASTL chart for price history, or the ASTL stock overview for the latest quote and news.

ASTL key metrics FAQ

What is Algoma Steel's return on equity?

Algoma Steel's return on equity (ROE) was −98.5% in fiscal 2026: net income of -C$984.9 million on average shareholders' equity of C$999.8 million.

What is Algoma Steel's ROIC?

Algoma Steel's return on invested capital was −38.5% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.

How much debt does Algoma Steel have?

Algoma Steel had total debt of C$862.0 million at the end of fiscal 2026, a debt-to-equity ratio of 1.76.

What is Algoma Steel's current ratio?

Algoma Steel's current ratio was 2.18 at the end of fiscal 2026: current assets were 2.18 times current liabilities.

Steel key metrics