Alcoa Corp (AA)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 5,159,000 | 4,251,000 | 5,076,000 | 4,672,000 | 3,311,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $5,159,000K)
= 0.00
Based on the provided data for Alcoa Corp's debt-to-capital ratio from December 31, 2020, to December 31, 2024, the ratio remained constant at 0.00 throughout the period. This indicates that the company had no debt in relation to its capital structure over these five years. A debt-to-capital ratio of 0.00 suggests that Alcoa Corp financed its operations solely through equity, without relying on external debt to support its business activities. This could reflect a conservative financial strategy aimed at reducing financial risk and ensuring financial stability. It also indicates that the company's shareholders have a significant stake in the business and that the company may have had strong cash flows or reserves to fund its operations without the need for debt.
Peer comparison
Dec 31, 2024