Howmet Aerospace Inc (HWM)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 4,554,000 | 4,037,000 | 3,601,000 | 3,508,000 | 3,580,000 |
| Debt-to-capital ratio | 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 + $4,554,000K)
= 0.00
The debt-to-capital ratio for Howmet Aerospace Inc remained consistently at 0.00 from December 31, 2020, through December 31, 2024. This indicates that the company has not utilized debt to finance its operations and investments during this period. A debt-to-capital ratio of 0.00 typically suggests that the company's capital structure is predominantly equity-financed, which may imply lower financial risk and greater financial stability. However, it is important to note that a very low debt-to-capital ratio may also mean missed opportunities for leverage and potential tax benefits associated with debt financing.
Peer comparison
Dec 31, 2024