Algoma Steel (ASTL) Deferred Taxes (2021 - 2024)

Algoma Steel (ASTL) reported Deferred Taxes of -$5.2 for Q1 2024, down 550.0% on a YoY basis from $1.16 in Q2 2023, and down 130.06% quarter-over-quarter from $17.3 in Q4 2023.

Algoma Steel (ASTL) Deferred Taxes (2021 - 2024) Analysis & Trends

Algoma Steel has reported Deferred Taxes for 4 years, with the latest figure at -$5.2 in Q1 2024.

  • For the quarter ending Q1 2024, Deferred Taxes fell 550.0% year-over-year to -$5.2; the trailing twelve-month figure through Mar 2024 stood at -$4.2 (up 79.21% YoY), and the FY2025 full-year result was -$106.8, down 3545.16% from the prior year.
  • Deferred Taxes for Q1 2024 stood at -$5.2, down from $17.3 in the prior quarter.
  • The five-year high for Deferred Taxes was $78.3 in Q3 2021, with the low at -$15.5 in Q3 2022.
  • Historically, Deferred Taxes has averaged $10.77 across 4 years, with a median of -$0.6 in 2022.
  • Annual changes were most pronounced in 2023 — Deferred Taxes surged 75.76% — and 2024, when it plunged 550.0%.
  • Algoma Steel's Deferred Taxes stood at $9.0 in 2021, then slumped by 272.22% to -$15.5 in 2022, then soared by 211.61% to $17.3 in 2023, then slumped by 130.06% to -$5.2 in 2024.
  • The last three Deferred Taxes figures came in at -$5.2 (Q1 2024), $17.3 (Q4 2023), and -$0.8 (Q1 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Deferred Taxes (Qtr)
1 Ternium 94.27 Bn 84.31 Bn 686.87 Mn -
2 Nucor 58.23 Bn 56.84 Bn 1.50 Bn -34.00 Mn
3 ArcelorMittal 51.15 Bn 48.81 Bn - 2.00 Mn
4 Steel Dynamics 38.88 Bn 38.02 Bn 763.22 Mn 32.67 Mn
5 Reliance 20.36 Bn 20.12 Bn 1.17 Bn -
6 Cleveland-Cliffs 7.71 Bn 7.86 Bn -82.00 Mn -85.00 Mn
7 Algoma Steel 2.77 Bn 2.77 Bn -92.32 -
8 National Steel 2.24 Bn -552.84 Mn 479.33 Mn -
9 Worthington Steel 2.07 Bn 2.07 Bn 76.10 Mn -7.00 Mn
10 NWPX Infrastructure 1.13 Bn 1.11 Bn 26.67 Mn 791,000.00

Historic Data

Download Data
DateValue
Mar 31, 2024 -5.20
Dec 31, 2023 17.30
Mar 31, 2023 -0.80
Sep 30, 2022 -15.50
Jun 30, 2022 -0.60
Mar 31, 2022 -3.30
Dec 31, 2021 9.00
Sep 30, 2021 78.30
Jun 30, 2021 17.70