Alcoa Corp (AA)
Debt-to-capital 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 5,159,000 | 5,250,000 | 3,899,000 | 3,994,000 | 4,251,000 | 4,509,000 | 4,842,000 | 4,690,000 | 5,076,000 | 5,371,000 | 5,666,000 | 4,579,000 | 4,638,000 | 3,878,000 | 3,769,000 | 3,248,000 | 3,287,000 | 3,395,000 | 3,705,000 | 4,275,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
The debt-to-capital ratio for Alcoa Corp has consistently been reported as 0.00 across all the quarters from March 2020 to December 2024. This indicates that the company has not had any debt in relation to its capital during this period. A debt-to-capital ratio of 0.00 signifies that the company's capital structure has been financed entirely by equity, rather than debt. While a low or zero debt-to-capital ratio may suggest financial stability and lower financial risk due to the absence of debt obligations, it could also indicate missed opportunities for leveraging debt for potential growth or tax advantages. It is important to consider other financial metrics and factors when evaluating the overall financial health and performance of Alcoa Corp.
Peer comparison
Dec 31, 2024