Alcoa Corp (AA)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 14,065,000 | 14,155,000 | 14,756,000 | 15,025,000 | 14,860,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $14,065,000K
= 0.00
The debt-to-assets ratio for Alcoa Corp has been consistently reported as 0.00 from December 31, 2020, to December 31, 2024. This indicates that Alcoa Corp has not utilized any debt to finance its assets during this period. It suggests that the company may be relying more on equity financing rather than taking on debt to support its operations and expansion. A lower debt-to-assets ratio is generally viewed positively as it signifies lower financial risk and potential flexibility in managing debt obligations. However, it is important to consider other financial metrics and the overall financial health of the company to gain a comprehensive understanding of its financial position.
Peer comparison
Dec 31, 2024