Howmet Aerospace Inc (HWM)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,500,000 | 3,794,000 | 3,989,000 | 3,988,000 | 4,162,000 | 4,170,000 | 4,169,000 | 4,228,000 | 4,227,000 | 4,272,000 | 4,227,000 | 4,224,000 | 4,699,000 | 4,697,000 | 4,695,000 | 5,777,000 | 4,906,000 | 4,905,000 | 5,901,000 | 5,899,000 |
| Total assets | US$ in thousands | 10,428,000 | 10,166,000 | 10,233,000 | 10,174,000 | 10,255,000 | 9,929,000 | 10,052,000 | 10,129,000 | 10,219,000 | 10,357,000 | 10,379,000 | 10,971,000 | 11,443,000 | 11,339,000 | 11,363,000 | 18,465,000 | 17,562,000 | 17,484,000 | 17,913,000 | 18,361,000 |
| Debt-to-assets ratio | 0.34 | 0.37 | 0.39 | 0.39 | 0.41 | 0.42 | 0.41 | 0.42 | 0.41 | 0.41 | 0.41 | 0.39 | 0.41 | 0.41 | 0.41 | 0.31 | 0.28 | 0.28 | 0.33 | 0.32 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,500,000K ÷ $10,428,000K
= 0.34
The debt-to-assets ratio of Howmet Aerospace Inc has been trending downwards over the past two years, indicating an improving financial position in terms of debt management. As of Q4 2023, the ratio stands at 0.36, down from 0.42 in Q1 2022. This indicates that for every dollar of assets, the company carries $0.36 of debt. The decreasing trend suggests that the company is becoming more effective at managing its debt levels relative to its asset base. This could be a positive sign for investors and creditors, as it shows a lower risk of financial distress and better financial stability.
Peer comparison
Dec 31, 2023