Alcoa (AA) Debt-to-Equity

: 0.45 (As of Dec. 2023)

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Alcoa's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $79 Mil. Alcoa's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,836 Mil. Alcoa's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $4,251 Mil. Alcoa's debt to equity for the quarter that ended in Dec. 2023 was 0.45.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

AA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.34 Max: 0.79
Current: 0.45

During the past 11 years, the highest Debt-to-Equity Ratio of Alcoa was 0.79. The lowest was 0.02. And the median was 0.34.

AA's Debt-to-Equity is ranked worse than
73.43% of 1306 companies
in the Metals & Mining industry
Industry Median: 0.13 vs AA: 0.45

Alcoa Debt-to-Equity Historical Data

The historical data trend for Alcoa's Debt-to-Equity 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.

* Premium members only.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 0.46 [6] => 0.79 [7] => 0.40 [8] => 0.37 [9] => 0.45 )

Alcoa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.46

0.79

0.40

0.37

0.45

Alcoa Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.37	0.39	0.37	0.40	0.45

Competitive Comparison

For the Aluminum subindustry, Alcoa's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Alcoa Debt-to-Equity Distribution

For the Metals & Mining industry and Basic Materials sector, Alcoa's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Alcoa's Debt-to-Equity falls into.

Alcoa Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Alcoa's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(79	+	1836)	/	4251
	=	0.45

Alcoa's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(79	+	1836)	/	4251
	=	0.45

Alcoa (NYSE:AA) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Alcoa Debt-to-Equity Related Terms

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

Alcoa (AA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alcoa Corp (NYSE:AA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AA1:Mexico 1AA:Italy 185:Germany 185:Germany 185:Germany ALCA:Austria

Address

201 Isabella Street, Suite 500, Pittsburgh, PA, USA, 15212-5858

Website

https://www.alcoa.com

Alcoa Corp is a vertically integrated aluminum company whose operations include bauxite mining, alumina refining, and the manufacture of primary aluminum. It is the world's largest bauxite miner and alumina refiner by production volume, and its profits are closely tied to prevailing commodity prices along the aluminum supply chain. The company segments include Bauxite; Alumina and Aluminum. It generates maximum revenue from the Aluminum segment. Geographically, it derives a majority of its revenue from the United States.

Executives

Renee Henry	officer: SVP & Controller	201 ISABELLA STREET, STE 500, PITTSBURGH PA 15212
Nicol Gagstetter	officer: EVP & Chief Ext. Aff. Officer	201 ISABELLA STREET, SUITE 500, PITTSBURGH PA 15212
Andrew Hastings	officer: EVP & Gen. Counsel	201 ISABELLA STREET, SUITE 500, PITTSBURGH PA 15212
De Oliveira Marques Roberto	director	C/O MONDELEZ INTERNATIONAL, INC., THREE PARKWAY NORTH, DEERFIELD IL 60048
Roy Christopher Harvey	director, officer: President, CEO & Director	201 ISABELLA STREET, SUITE 500, PITTSBURGH PA 15212
Renato Bacchi	officer: EVP & Chief Strategy Officer	201 ISABELLA STREET, SUITE 500, PITTSBURGH PA 15212
Harden Sonya Elam	officer: EVP & Chief Ext. Aff. Officer	201 ISABELLA STREET, SUITE 500, PITTSBURGH PA 15212
William F Oplinger	officer: Executive VP & CFO	201 ISABELLA STREET, SUITE 500, PITTSBURGH PA 15212
Jeffrey D. Heeter	officer: EVP, Gen. Counsel & Secretary	C/O ALCOA CORPORATION, 201 ISABELLA STREET, SUITE 500, PITTSBURGH PA 15212
Tammi A Jones	officer: EVP & CHRO	201 ISABELLA STREET, SUITE 500, PITTSBURGH PA 15212
Jackson Prince Roberts	director	201 ISABELLA STREET, SUITE 500, PITTSBURGH PA 15212
John D Slaven	officer: EVP & Chief Strategy Officer	201 ISABELLA STREET, SUITE 500, PITTSBURGH PA 15212-5858
Kelly R. Thomas	officer: EVP & Chief Commercial Officer	25825 SCIENCE PARK DRIVE, SUITE 400, BEACHWOOD OH 44122
Molly S. Beerman	officer: Vice President and Controller	201 ISABELLA STREET, SUITE 500, PITTSBURGH PA 15212
Benjamin D Kahrs	officer: EVP, Chief Innovation Officer	201 ISABELLA STREET, SUITE 500, PITTSBURGH PA 15212