Algoma Steel (ASTLW) Deferred Taxes (2021 - 2024)
Algoma Steel (ASTLW) 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 (ASTLW) 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 | Algoma Steel | - | - | -92.32 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |