Howmet Aerospace Balance Sheet Health
Financial Health criteria checks 4/6
Howmet Aerospace has a total shareholder equity of $4.0B and total debt of $3.7B, which brings its debt-to-equity ratio to 91.8%. Its total assets and total liabilities are $10.4B and $6.4B respectively. Howmet Aerospace's EBIT is $1.2B making its interest coverage ratio 6.1. It has cash and short-term investments of $610.0M.
Key information
91.8%
Debt to equity ratio
US$3.71b
Debt
Interest coverage ratio | 6.1x |
Cash | US$610.00m |
Equity | US$4.04b |
Total liabilities | US$6.39b |
Total assets | US$10.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HWM's short term assets ($3.3B) exceed its short term liabilities ($1.8B).
Long Term Liabilities: HWM's short term assets ($3.3B) do not cover its long term liabilities ($4.6B).
Debt to Equity History and Analysis
Debt Level: HWM's net debt to equity ratio (76.7%) is considered high.
Reducing Debt: HWM's debt to equity ratio has reduced from 113.3% to 91.8% over the past 5 years.
Debt Coverage: HWM's debt is well covered by operating cash flow (24.3%).
Interest Coverage: HWM's interest payments on its debt are well covered by EBIT (6.1x coverage).