Alcoa Corp (AA)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,732,000 | 1,809,000 | 1,808,000 | 1,806,000 | 1,806,000 | 1,725,000 | 1,725,000 | 1,727,000 | 1,726,000 | 1,724,000 | 2,216,000 | 2,214,000 | 2,463,000 | 2,538,000 | 1,800,000 | 1,801,000 | 1,799,000 | 1,805,000 | 1,804,000 | 1,802,000 |
| Total assets | US$ in thousands | 14,155,000 | 13,917,000 | 14,128,000 | 14,369,000 | 14,756,000 | 14,885,000 | 15,709,000 | 15,988,000 | 15,025,000 | 14,197,000 | 14,438,000 | 14,931,000 | 14,860,000 | 14,250,000 | 13,300,000 | 13,651,000 | 14,631,000 | 14,670,000 | 15,349,000 | 15,956,000 |
| Debt-to-assets ratio | 0.12 | 0.13 | 0.13 | 0.13 | 0.12 | 0.12 | 0.11 | 0.11 | 0.11 | 0.12 | 0.15 | 0.15 | 0.17 | 0.18 | 0.14 | 0.13 | 0.12 | 0.12 | 0.12 | 0.11 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,732,000K ÷ $14,155,000K
= 0.12
The debt-to-assets ratio for Alcoa Corp has been relatively stable at around 0.11 to 0.13 over the past eight quarters. This indicates that the company's level of debt in relation to its total assets has been consistently low, ranging from 11% to 13%. A lower ratio suggests that the company relies less on debt financing to support its operations and investments, which could be viewed positively as it indicates a lower financial risk. However, it is important to consider other factors such as the company's overall financial health and industry norms to gain a more comprehensive understanding of its debt management strategy.
Peer comparison
Dec 31, 2023