Alcoa Balance Sheet Health
Financial Health criteria checks 3/6
Alcoa has a total shareholder equity of $5.4B and total debt of $2.6B, which brings its debt-to-equity ratio to 47.6%. Its total assets and total liabilities are $14.3B and $8.9B respectively. Alcoa's EBIT is $2.0M making its interest coverage ratio 0. It has cash and short-term investments of $1.4B.
Key information
47.6%
Debt to equity ratio
US$2.58b
Debt
| Interest coverage ratio | 0.03x |
| Cash | US$1.40b |
| Equity | US$5.42b |
| Total liabilities | US$8.89b |
| Total assets | US$14.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AAI's short term assets ($4.9B) exceed its short term liabilities ($3.2B).
Long Term Liabilities: AAI's short term assets ($4.9B) do not cover its long term liabilities ($5.7B).
Debt to Equity History and Analysis
Debt Level: AAI's net debt to equity ratio (21.8%) is considered satisfactory.
Reducing Debt: AAI's debt to equity ratio has increased from 26.3% to 47.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: AAI has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if AAI has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.