Is Algoma Steel Group Inc. (ASTLW) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | N/A | N/A | N/A | N/A | ? INSUFFICIENT DATA |
| DJIM | N/A | N/A | N/A | N/A | ? INSUFFICIENT DATA |
| MSCI | 5.5% / 33% | 3.7% / 33% | 10.0% / 33% | 0.36% / 5% | ✓ HALAL |
| S&P | N/A | N/A | N/A | N/A | ? INSUFFICIENT DATA |
| FTSE | 5.5% / 33% | 3.7% / 33% | 10.0% / 50% | 0.36% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | -30.4% | |
| Operating Margin | -90.0% | |
| Net Margin | -47.2% | |
| Return on Equity (ROE) | -98.5% | |
| Return on Assets (ROA) | -18.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$66M |
| Free Cash Flow | -$395M |
| Total Debt | $862M |
| Debt-to-Equity | 186.5 |
| Current Ratio | 2.2 |
| Total Assets | $2.1B |
Price & Trading
| Last Close | $0.07 |
| Beta | 1.5 |
About Algoma Steel Group Inc. (ASTLW)
Algoma Steel Group Inc. produces and sells steel products in Canada, the United States, and internationally. The company offers flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural tube product manufacturers, and the light manufacturing and transportation industries; and plate steel products consisting of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, armored products for military applications, diameter pipelines, and wind energy generation equipment. It also provides by-products, such as furnace and buckwheat coke, braize coke, and flue dust; high sulpur beach and kish iron, BOF pit grissly and scrap, BOF and pellet fines, and mill roll scale; light oil and coal tar; granulated and air cooled slag; and machine shop turnings, used mill rolls, recycled oil, non-ferrous metal, and lime fines. The company was founded in 1901 and is headquartered in Sault Sainte Marie, Canada.
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Frequently Asked Questions
Is Algoma Steel Group Inc. (ASTLW) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Algoma Steel Group Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Algoma Steel Group Inc.'s debt ratio?
Algoma Steel Group Inc.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 5.5%.
What are Algoma Steel Group Inc.'s key financial metrics?
Algoma Steel Group Inc. has a market capitalization of N/A, and revenue of $2.1B. The company maintains a gross margin of -30.4% and a net margin of -47.2%. Return on equity stands at -98.5%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.