Alcoa Corp (AA)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,914,000 | 4,866,000 | 4,903,000 | 4,881,000 | 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 | 4,026,000 | 3,179,000 | 3,333,000 |
| 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 |
| Current ratio | 1.45 | 1.41 | 1.55 | 1.61 | 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 | 1.77 | 1.42 | 1.50 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,914,000K ÷ $3,395,000K
= 1.45
The current ratio of Alcoa Corp has exhibited some fluctuations over the past few years, ranging from 1.41 to 1.81. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered a favorable sign of liquidity.
Looking at the trend, the current ratio peaked at 1.81 on both June 30, 2022, and September 30, 2022, suggesting a strong ability to cover short-term obligations at that point in time. However, by December 31, 2023, the ratio dropped to 1.45, the lowest point in the period analyzed.
Overall, the current ratio of Alcoa Corp has shown some variability, but has generally stayed above 1, indicating that the company has a sufficient level of current assets to meet its short-term liabilities. It is important to further examine the composition of current assets and liabilities to gain a deeper understanding of the company's liquidity position.
Peer comparison
Dec 31, 2024