Howmet Aerospace Balance Sheet Health
Financial Health criteria checks 4/6
Howmet Aerospace has a total shareholder equity of $4.1B and total debt of $3.7B, which brings its debt-to-equity ratio to 90.4%. Its total assets and total liabilities are $10.4B and $6.3B respectively. Howmet Aerospace's EBIT is $1.3B making its interest coverage ratio 6.8. It has cash and short-term investments of $533.0M.
Key information
90.4%
Debt to equity ratio
US$3.69b
Debt
Interest coverage ratio | 6.8x |
Cash | US$533.00m |
Equity | US$4.09b |
Total liabilities | US$6.32b |
Total assets | US$10.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HWMCL's short term assets ($3.3B) exceed its short term liabilities ($1.7B).
Long Term Liabilities: HWMCL's short term assets ($3.3B) do not cover its long term liabilities ($4.6B).
Debt to Equity History and Analysis
Debt Level: HWMCL's net debt to equity ratio (77.3%) is considered high.
Reducing Debt: HWMCL's debt to equity ratio has reduced from 122.3% to 90.4% over the past 5 years.
Debt Coverage: HWMCL's debt is well covered by operating cash flow (28.6%).
Interest Coverage: HWMCL's interest payments on its debt are well covered by EBIT (6.8x coverage).