Howmet Aerospace Balance Sheet Health
Financial Health criteria checks 4/6
Howmet Aerospace has a total shareholder equity of $4.5B and total debt of $3.4B, which brings its debt-to-equity ratio to 75.4%. Its total assets and total liabilities are $10.6B and $6.1B respectively. Howmet Aerospace's EBIT is $1.5B making its interest coverage ratio 8.8. It has cash and short-term investments of $475.0M.
Key information
75.4%
Debt to equity ratio
US$3.39b
Debt
| Interest coverage ratio | 8.8x |
| Cash | US$475.00m |
| Equity | US$4.50b |
| Total liabilities | US$6.06b |
| Total assets | US$10.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HWM *'s short term assets ($3.4B) exceed its short term liabilities ($1.5B).
Long Term Liabilities: HWM *'s short term assets ($3.4B) do not cover its long term liabilities ($4.5B).
Debt to Equity History and Analysis
Debt Level: HWM *'s net debt to equity ratio (64.8%) is considered high.
Reducing Debt: HWM *'s debt to equity ratio has reduced from 134.6% to 75.4% over the past 5 years.
Debt Coverage: HWM *'s debt is well covered by operating cash flow (37.6%).
Interest Coverage: HWM *'s interest payments on its debt are well covered by EBIT (8.8x coverage).