Arconic (Arconic) Cash-to-Debt : 0.16 (As of Jun. 2023)

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What is Arconic Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Arconic's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.16.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Arconic couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for Arconic's Cash-to-Debt or its related term are showing as below:

ARNC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.2 Max: 0.57
Current: 0.16

During the past 7 years, Arconic's highest Cash to Debt Ratio was 0.57. The lowest was 0.11. And the median was 0.20.

ARNC's Cash-to-Debt is not ranked
in the Industrial Products industry.
Industry Median: 1.18 vs ARNC: 0.16

Arconic Cash-to-Debt Historical Data

The historical data trend for Arconic's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Arconic Cash-to-Debt Chart

Arconic Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.22

0.19

0.55

0.20

0.15

Arconic Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															0.14	0.17	0.15	0.11	0.16

Competitive Comparison of Arconic's Cash-to-Debt

For the Metal Fabrication subindustry, Arconic's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Arconic's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Arconic's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Arconic's Cash-to-Debt falls into.

Arconic Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Arconic's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	261	/	(34	+	1680)
	=	0.15

Arconic's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	266	/	(36	+	1676)
	=	0.16

Arconic (NYSE:ARNC) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Arconic Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Arconic's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Arconic (Arconic) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Arconic Corp (NYSE:ARNC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

201 Isabella Street, Pittsburgh, PA, USA, 15212-5872

Website

https://www.arconic.com

Arconic Corp is engaged in the manufacturing of aluminum sheets, plates, extrusions, and architectural products, serving the ground transportation, aerospace, building and construction, industrial, and packaging end-markets. The firm's operating segments include Rolled Products, Extrusions, and Building and Construction Systems (BCS). It generates a majority of its revenue from the Rolled Products segment which is used in the production of finished goods ranging from automotive body panels and airframes to industrial plate and brazing sheets. It sells the products globally and derives key revenue from the U.S.

Executives

William F. Austen	director	222 SOUTH 9TH STREET, SUITE 2300, MINNEAPOLIS MN 55402-4099
Ellis Allen Jones	director	1835 DUEBER AVE. SW, CANTON OH 44706
Diana B. Perreiah	officer: Executive Vice President	201 ISABELLA STREET, PITTSBURGH PA 15212
Melissa M Miller	officer: Executive Vice President	201 ISABELLA STREET, PITTSBURGH PA 15212
Robert L. Woodall	officer: Executive Vice President	201 ISABELLA STREET, PITTSBURGH PA 15212
Carol S Eicher	director	ROHM AND HAAS COMPANY, 100 INDEPENDENCE MALL WEST, PHILADELPHIA PA 19106
Jacques M Croisetiere	director	C/O MORTON INTERNATIONAL INC, 100 N RIVERSIDE PLZ, CHICAGO IL 60606
Jeffrey Stafeil	director	1707 PADDINGTON CIRCLE, KESWICK VA 22947
Margaret S Billson	director	2503 CLARK CARR LOOP SE, ALBUQUERQUE NM 87106
Christopher L Ayers	director	5626 MISSION DRIVE, MISSION HILL KS 66208
Elmer L Doty	director
Daniel G Fayock	officer: EVP & Chief Legal Officer	201 ISABELLA STREET, PITTSBURGH PA 15212
E Stanley Oneal	director	MERRILL LYNCH CORPORATE SECRETARY, 222 BROADWAY, 17TH FLOOR, NEW YORK NY 10038
Mark J Vrablec	officer: EVP	201 ISABELLA STREET, PITTSBURGH PA 15212
Mary Zik	officer: Vice President and Controller	201 ISABELLA STREET, SUITE 200, PITTSBURGH PA 15212-5872