Alcoa Corp (AA)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,138,000 | 1,313,000 | 1,396,000 | 1,358,000 | 976,000 | 926,000 | 990,000 | 1,138,000 | 1,363,000 | 1,432,000 | 1,638,000 | 1,554,000 | 1,814,000 | 1,452,000 | 1,652,000 | 2,544,000 | 1,607,000 | 1,736,000 | 965,000 | 829,000 |
| Short-term investments | US$ in thousands | — | 5,000 | 38,000 | 22,000 | 29,000 | 33,000 | 93,000 | 106,000 | -21,000 | 207,000 | 224,000 | — | — | 1,146,000 | 1,113,000 | 1,055 | 1,051 | 1,034 | — | — |
| Total current liabilities | US$ in thousands | 3,395,000 | 3,459,000 | 3,166,000 | 3,041,000 | 3,030,000 | 2,624,000 | 2,596,000 | 2,785,000 | 3,004,000 | 2,954,000 | 3,236,000 | 3,466,000 | 3,223,000 | 2,929,000 | 2,671,000 | 3,221,000 | 2,761,000 | 2,276,000 | 2,241,000 | 2,223,000 |
| Cash ratio | 0.34 | 0.38 | 0.45 | 0.45 | 0.33 | 0.37 | 0.42 | 0.45 | 0.45 | 0.55 | 0.58 | 0.45 | 0.56 | 0.89 | 1.04 | 0.79 | 0.58 | 0.76 | 0.43 | 0.37 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,138,000K
+ $—K)
÷ $3,395,000K
= 0.34
The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents. Looking at the data provided for Alcoa Corp, the cash ratio fluctuated over the years.
The cash ratio saw a general upward trend from March 2020 to June 2021, indicating an improvement in Alcoa's ability to meet its short-term obligations with its cash reserves during this period. The highest cash ratio of 1.04 was observed in June 2021, suggesting a strong liquidity position at that time.
However, there was a slight decline in the cash ratio from June 2021 to September 2021, followed by further fluctuations in the subsequent quarters up to December 2024. The cash ratio ranged from 0.33 to 0.89 during this period, indicating varying levels of liquidity.
Overall, the cash ratio for Alcoa Corp ranged between 0.33 and 1.04 over the years, reflecting fluctuations in the company's cash position relative to its short-term liabilities. It is essential for stakeholders to monitor these changes to assess the company's liquidity and financial health effectively.
Peer comparison
Dec 31, 2024