Algoma Steel Group Inc. balance sheet

At the end of fiscal 2025, Algoma Steel Group Inc. had total assets of $1.54bn, total liabilities of $1.18bn and shareholders' equity of $358m. It held $56.5m in cash against $353m of debt: net debt of $296m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Algoma Steel Group Inc.: balance sheet, annual
Fiscal year	2020Mar 2020	2021Mar 2021	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Dec 2025
Cash and equivalents	—	—	—	—	—	57
Inventory	—	330	385	534	597	415
Total current assets	—	670	1,535	1,010	932	789
Total assets	—	1,236	2,158	1,816	1,976	1,543
Total current liabilities	—	277	431	254	316	363
Total debt	0	0	0	0	0	353
Total liabilities	—	1,098	890	734	867	1,185
Shareholders' equity	212	138	1,268	1,081	1,110	358
Net debt (negative = net cash)	—	—	—	—	—	296

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Algoma Steel Group Inc.'s SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Algoma Steel Group Inc.