Alcoa Corp (AA)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total stockholders’ equity | US$ in thousands | 4,251,000 | 4,509,000 | 4,842,000 | 4,690,000 | 5,076,000 | 5,371,000 | 5,666,000 | 4,579,000 | 4,672,000 | 3,878,000 | 3,769,000 | 3,248,000 | 3,311,000 | 3,395,000 | 3,705,000 | 4,275,000 | 4,112,000 | 4,539,000 | 4,895,000 | 5,157,000 |
| Financial leverage ratio | 3.33 | 3.09 | 2.92 | 3.06 | 2.91 | 2.77 | 2.77 | 3.49 | 3.22 | 3.66 | 3.83 | 4.60 | 4.49 | 4.20 | 3.59 | 3.19 | 3.56 | 3.23 | 3.14 | 3.09 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $14,155,000K ÷ $4,251,000K
= 3.33
The financial leverage ratio of Alcoa Corp has shown fluctuations over the past eight quarters. The ratio ranged from a low of 2.77 in Q3 2022 to a high of 3.49 in Q1 2022.
The trend indicates an increase in leverage from Q2 2023 to Q4 2023, reaching 3.33, which may suggest an increase in the company's reliance on debt to finance its operations during that period.
Overall, it is important for investors and stakeholders to closely monitor changes in the financial leverage ratio as it can provide insights into the firm's capital structure and risk profile.
Peer comparison
Dec 31, 2023