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 ratio | 5.5x |
| Cash | US$1.31b |
| Equity | US$5.25b |
| Total liabilities | US$9.29b |
| Total assets | US$14.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AA1 *'s short term assets ($4.9B) exceed its short term liabilities ($3.5B).
Long Term Liabilities: AA1 *'s short term assets ($4.9B) do not cover its long term liabilities ($5.8B).
Debt to Equity History and Analysis
Debt Level: AA1 *'s net debt to equity ratio (31.1%) is considered satisfactory.
Reducing Debt: AA1 *'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: AA1 * has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if AA1 * has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.