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AlcoaXSWX:AA -1.68%69 Debt-to-Equity is 0.36 as of Mar. 2026, which is 8% below its 10-year median of 0.39. GuruFocus rates XSWX:AA with a GF Score™ of 69/100 and a GF Value™ of CHF24.52. The stock has 7 warning signs investors should review. Among 1,222 Metals & Mining companies, Alcoa ranks worse than 67.02% on this metric.
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:
XSWX:AA'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.39 Max: 0.91
Current: 0.36
During the past 13 years, the highest Debt-to-Equity Ratio of Alcoa was 0.91. The lowest was 0.03. And the median was 0.39.
XSWX:AA's Debt-to-Equity is ranked worse than 67.02% of 1222
companies
in the Metals & Mining industry
Industry Median: 0.15
vs XSWX:AA: 0.36
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
Alcoa Debt-to-Equity Historical Data
* Premium members only.
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.
XSWX:AA vs CENX, CSTM, KALU: Debt-to-Equity 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 vs Metals & Mining Industry
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.
* 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.
Alcoa (XSWX:AA) has a Debt-to-Equity of 0.36 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Alcoa and its competitors. This is near median its historical median of 0.39. Over the past decade, Alcoa's Debt-to-Equity has ranged from 0.03 to 0.91. According to the industry distribution chart, Alcoa ranks #819 out of 1222 companies in the Metals & Mining industry, placing it in the top 67%.
Is Alcoa's Debt-to-Equity too high?
Alcoa's current Debt-to-Equity of 0.36 is near median its 10-year median of 0.39. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 0.91. The Metals & Mining industry median Debt-to-Equity is 0.15. Alcoa's value of 0.36 is 140% above this industry median. Based on the distribution chart, Alcoa ranks #819 out of 1222 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Alcoa has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Alcoa's Debt-to-Equity compare to CENX and CSTM?
According to the Metals & Mining industry distribution chart, Alcoa ranks #819 out of 1222 companies for Debt-to-Equity. This places Alcoa in the lower half of its industry. The industry median Debt-to-Equity is 0.15. Alcoa's value of 0.36 is 140% above this benchmark. Historically, Alcoa's own Debt-to-Equity has ranged from 0.03 to 0.91 over the past decade. While the company's 10-year median is 0.39 vs. the industry median of 0.15, Alcoa has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Metals & Mining company?
The median Debt-to-Equity among Metals & Mining companies is 0.15, based on 1,222 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Alcoa's current Debt-to-Equity of 0.36 is 140% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Alcoa and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alcoa's current Debt-to-Equity is 0.36, which is near median its own 10-year median of 0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alcoa stock overvalued right now?
Alcoa (XSWX:AA) has a current Debt-to-Equity of 0.36. The stock's GF Value™ is CHF24.52, compared to a current price of CHF38.13 — trading 55.5% above its estimated fair value. The current Debt-to-Equity is 0.36, which is near median its 10-year median of 0.39 and 140% above the Metals & Mining industry median of 0.15. Alcoa's overall GF Score™ is 69/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Alcoa (XSWX:AA), the current Debt-to-Equity is 0.36 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Alcoa (XSWX:AA) Overvalued in 2026?
Based on GuruFocus' analysis, Alcoa stock appears to be overvalued.
The current stock price of CHF38.13 is trading 55.5% above its estimated GF Value™ of CHF24.52.
Key valuation signals for XSWX:AA:
Debt-to-Equity: 0.36 (near median its 10-year median of 0.39)
GF Value™: CHF24.52 vs. price of CHF38.13 (55.5% above fair value)
Industry Position: 140% above the Metals & Mining median (#819 of 1222)
No single metric tells the full story. See the XSWX:AA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alcoa is a vertically integrated aluminum company whose operations include bauxite mining, alumina refining, and manufacturing primary aluminum. It is one of the world's largest bauxite miners and alumina refiners by production volume, but sits outside the top-10 aluminum producers, a list dominated by Chinese companies. Profits are closely tied to prevailing commodity prices along the aluminum supply chain.Alcoa was the first mass producer of aluminum, launching the world-changing Hall-Heroult smelting process in the 1880s, making aluminum affordable. It listed as a public company in 1925. In 2016, Alcoa spun off its automotive and aerospace metal parts segment to focus on mining, smelting, and refining. It bought the 40% unowned balance of AWAC in mid-2024.
69GF Score
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