Howmet Aerospace Balance Sheet Health
Financial Health criteria checks 4/6
Howmet Aerospace has a total shareholder equity of $4.3B and total debt of $3.7B, which brings its debt-to-equity ratio to 85.6%. Its total assets and total liabilities are $10.7B and $6.4B respectively. Howmet Aerospace's EBIT is $1.4B making its interest coverage ratio 7.7. It has cash and short-term investments of $752.0M.
Key information
85.6%
Debt to equity ratio
US$3.66b
Debt
| Interest coverage ratio | 7.7x |
| Cash | US$752.00m |
| Equity | US$4.28b |
| Total liabilities | US$6.40b |
| Total assets | US$10.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HWM's short term assets ($3.6B) exceed its short term liabilities ($2.4B).
Long Term Liabilities: HWM's short term assets ($3.6B) do not cover its long term liabilities ($4.0B).
Debt to Equity History and Analysis
Debt Level: HWM's net debt to equity ratio (68%) is considered high.
Reducing Debt: HWM's debt to equity ratio has reduced from 130.2% to 85.6% over the past 5 years.
Debt Coverage: HWM's debt is well covered by operating cash flow (33.4%).
Interest Coverage: HWM's interest payments on its debt are well covered by EBIT (7.7x coverage).