Algoma Steel Group (Algoma Steel Group) Interest Expense : $-28 Mil (TTM As of Dec. 2023)

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What is Algoma Steel Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Algoma Steel Group's interest expense for the three months ended in Dec. 2023 was $ -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-28 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Algoma Steel Group's Operating Income for the three months ended in Dec. 2023 was $ -28 Mil. Algoma Steel Group's Interest Expense for the three months ended in Dec. 2023 was $ -8 Mil. Algoma Steel Group did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Algoma Steel Group Interest Expense Historical Data

The historical data trend for Algoma Steel Group's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Algoma Steel Group Interest Expense Chart

Algoma Steel Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Interest Expense

-56.52

-67.07

-46.29

-23.83

Algoma Steel Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial											-6.63	-5.26	-7.45	-7.54	-7.60

Algoma Steel Group Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-28 Mil.

Algoma Steel Group (NAS:ASTL) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Algoma Steel Group's Interest Expense for the three months ended in Dec. 2023 was $-8 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-28 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $94 Mil.

Algoma Steel Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Algoma Steel Group did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Algoma Steel Group (Algoma Steel Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Algoma Steel Group Inc (NAS:ASTL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

9ZY:Germany ASTL:Canada

Address

105 West Street, Sault Ste., Marie, ON, CAN, P6A 7B4

Website

https://www.algoma.com

Algoma Steel Group Inc is a Canadian company engaged in the production of clean and consistent light gauge steel. The company offers a range of hot and cold rolled steel sheet and plate products. The firm operates in a single segment of basic steel production including sheets, plates, slabs, and freights. The Company's revenue is generated from contracts to produce, ship, and deliver steel products Geographically it serves Canada, the United States, and the rest of the world, whilst driving key revenue from domestic sales. The company generates the majority of its revenue from the sale of Steel sheets and strips.