Alcoa Balance Sheet Health
Financial Health criteria checks 3/6
Alcoa has a total shareholder equity of $5.4B and total debt of $2.5B, which brings its debt-to-equity ratio to 47%. Its total assets and total liabilities are $14.3B and $8.9B respectively. Alcoa's EBIT is $46.0M making its interest coverage ratio 0.8. It has cash and short-term investments of $1.4B.
Key information
47.0%
Debt to equity ratio
US$2.55b
Debt
| Interest coverage ratio | 0.8x |
| Cash | US$1.40b |
| Equity | US$5.42b |
| Total liabilities | US$8.89b |
| Total assets | US$14.31b |
Recent financial health updates
Is Alcoa (NYSE:AA) A Risky Investment?
May 23
Is Alcoa (NYSE:AA) Using Debt Sensibly?
Sep 17Is Alcoa (NYSE:AA) A Risky Investment?
Jun 19Alcoa (NYSE:AA) Takes On Some Risk With Its Use Of Debt
Feb 21Recent updates
Little Excitement Around Alcoa Corporation's (NYSE:AA) Revenues As Shares Take 30% Pounding
Aug 03Alcoa Corporation: Great News Justifies Additional Upside
Jul 11What Alcoa Corporation's (NYSE:AA) 30% Share Price Gain Is Not Telling You
May 31Alcoa: Time For A Brief Commercial Break - Then What? (Technical Analysis)
May 28Is Alcoa (NYSE:AA) A Risky Investment?
May 23Alcoa Earnings Preview: The Set Up Could Lead To A Selloff
Apr 14Investors Aren't Buying Alcoa Corporation's (NYSE:AA) Revenues
Apr 09Alcoa's Purchase Of Alumina Limited: The Market Is Right On This One
Feb 26What It Takes For Alcoa Stock To Double
Jan 19Alcoa: Hold This Major Aluminum Producer
Dec 26Alcoa Corporation (NYSE:AA) Held Back By Insufficient Growth Even After Shares Climb 29%
Dec 25Alcoa: Highly Cyclical And Getting Ready To Run Again
Dec 04Alcoa Has A Very Bright Future, But Not Without Risks
Oct 23Alcoa (NYSE:AA) Will Pay A Dividend Of $0.10
Oct 22Alcoa Corporation Is Still Not Cheap Enough
Sep 25Is Alcoa (NYSE:AA) Using Debt Sensibly?
Sep 17Alcoa (NYSE:AA) Has Affirmed Its Dividend Of $0.10
Jul 31Why Alcoa Could Double If Demand Improves
Jul 20Is Alcoa (NYSE:AA) A Risky Investment?
Jun 19Alcoa: Exploring The Mystery Of High Tax Rates
Jun 12Alcoa (NYSE:AA) Will Pay A Dividend Of $0.10
May 08Returns On Capital At Alcoa (NYSE:AA) Paint A Concerning Picture
Apr 25Alcoa declares $0.10 dividend
Feb 23Alcoa (NYSE:AA) Takes On Some Risk With Its Use Of Debt
Feb 21Alcoa Stock: A Sleeper Pick That Could Wake Up With A Bang!
Feb 09Alcoa Q4 2022 Earnings Preview: Holders will survive even if results let down, current valuations solid
Jan 17Alcoa: Aluminum Colossus On Alumina Legs
Jan 09Alcoa's Stock Surges After Reporting Worse Than Expected Results
Oct 26Financial Position Analysis
Short Term Liabilities: AA's short term assets ($4.9B) exceed its short term liabilities ($3.2B).
Long Term Liabilities: AA's short term assets ($4.9B) do not cover its long term liabilities ($5.7B).
Debt to Equity History and Analysis
Debt Level: AA's net debt to equity ratio (21.3%) is considered satisfactory.
Reducing Debt: AA's debt to equity ratio has increased from 26.3% to 47% 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: AA has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if AA has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.