Alcoa Corp (AA)

Financial leverage ratio

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Total assets US$ in thousands 16,212,000 14,064,000 14,155,000 14,756,000 15,025,000
Total stockholders’ equity US$ in thousands 6,133,000 5,157,000 4,251,000 5,076,000 4,672,000
Financial leverage ratio 2.64 2.73 3.33 2.91 3.22

December 31, 2025 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $16,212,000K ÷ $6,133,000K
= 2.64