Howmet Aerospace Inc (HWM)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 10,519,000 | 10,428,000 | 10,255,000 | 10,219,000 | 11,446,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $10,519,000K
= 0.00
The debt-to-assets ratio for Howmet Aerospace Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt to finance its assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely funded by equity, implying a lower financial risk. It suggests that Howmet Aerospace Inc has a strong financial position with a lower dependency on borrowed funds to support its operations and investment activities. This stability in the debt-to-assets ratio reflects a prudent financial strategy focused on maintaining a healthy balance sheet structure.
Peer comparison
Dec 31, 2024