Alcoa Corp (AA)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,405,000 | 4,365,000 | 4,670,000 | 4,946,000 | 5,250,000 | 5,350,000 | 5,863,000 | 5,598,000 | 5,026,000 | 4,285,000 | 4,201,000 | 4,891,000 | 4,520,000 | 4,053,000 | 3,179,000 | 3,333,000 | 3,530,000 | 3,643,000 | 3,818,000 | 4,114,000 |
| Total current liabilities | US$ in thousands | 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 | 2,303,000 | 2,241,000 | 2,223,000 | 2,563,000 | 2,455,000 | 2,531,000 | 2,803,000 |
| Current ratio | 1.45 | 1.66 | 1.80 | 1.78 | 1.75 | 1.81 | 1.81 | 1.62 | 1.56 | 1.46 | 1.57 | 1.52 | 1.64 | 1.76 | 1.42 | 1.50 | 1.38 | 1.48 | 1.51 | 1.47 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,405,000K ÷ $3,030,000K
= 1.45
The current ratio of Alcoa Corp has shown some fluctuations over the past eight quarters. The company's current ratio was at its lowest in Q4 2023 at 1.45 and has since increased to 1.66 in Q3 2023, then further to 1.80 in Q2 2023. This indicates an improvement in the company's short-term liquidity position.
However, it is worth noting that the current ratio declined slightly in Q1 2023 to 1.78 compared to the previous quarter. Overall, the current ratio has remained relatively stable within a range of 1.62 to 1.81 over the past two years, indicating that Alcoa Corp has maintained a healthy level of current assets relative to its current liabilities during this period.
While the current ratio is a key indicator of a company's ability to meet its short-term obligations, it is important to consider other financial metrics and factors to gain a comprehensive understanding of Alcoa Corp's overall financial health.
Peer comparison
Dec 31, 2023