Alcoa Balance Sheet Health

Financial Health criteria checks 3/6

Alcoa has a total shareholder equity of $5.3B and total debt of $2.9B, which brings its debt-to-equity ratio to 56.1%. Its total assets and total liabilities are $14.5B and $9.3B respectively. Alcoa's EBIT is $424.0M making its interest coverage ratio 5.5. It has cash and short-term investments of $1.3B.

Key information

56.1%

Debt to equity ratio

US$2.95b

Debt

Interest coverage ratio5.5x
CashUS$1.31b
EquityUS$5.25b
Total liabilitiesUS$9.29b
Total assetsUS$14.54b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 185's short term assets ($4.9B) exceed its short term liabilities ($3.5B).

Long Term Liabilities: 185's short term assets ($4.9B) do not cover its long term liabilities ($5.8B).


Debt to Equity History and Analysis

Debt Level: 185's net debt to equity ratio (31.1%) is considered satisfactory.

Reducing Debt: 185's debt to equity ratio has increased from 28.2% to 56.1% 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: 185 has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 185 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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