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Alcoa AA Debt-to-assets

Debt-to-assets at other companies

Albemarle logo
AlbemarleALB
0.1×-0.1×
Reliance logo
RelianceRS
0.2×0.0×
Nucor logo
NucorNUE
0.0×
Carpenter Technology logo
Carpenter TechnologyCRS
0.2×0.0×
Steel Dynamics logo
Steel DynamicsSTLD
0.3×0.0×
ATI logo
ATIATI
0.3×0.0×

Other financials

Income statement

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Revenue$3.2B-5.2%
Gross profit$681.0M-26.9%
Net income$425.0M-22.5%
EPS (diluted)$1.60-22.7%

Balance sheet

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Cash & equivalents$1.4B+12.6%
Total debt$2.6B-2.6%
Total assets$16.6B+14.2%

Cash flow

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Operating cash flow-$179.0M-339%
CapEx$119.0M+28.0%
Free cash flow-$298.0M-1,556%

Valuation

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Market cap$16.29B+122%
Enterprise value$17.49B+101%
P/E15.8×+7.2×
P/S1.3×+0.7×

Profitability

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Gross margin15.2%-5.2pp
Net margin8.2%+1.4pp

Returns & leverage

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Return on equity1.3%+0.7pp
Debt / equity0.5×+0.1×
Current ratio1.5×-0.2×

Where this comes from

Calculated from Alcoa’s reported figures.

Based on the most recent quarter.

The official record: Alcoa’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Alcoa's debt-to-assets?
Alcoa (AA) reported debt-to-assets of 0.2× in Q1 2026.
How has Alcoa's debt-to-assets changed year-over-year?
Alcoa's debt-to-assets decreased by 14.7% year-over-year, from 0.2× to 0.2×.
What is the long-term trend for Alcoa's debt-to-assets?
Over 4 years (2021 to 2025), Alcoa's debt-to-assets has grown at a 2.3% compound annual growth rate (CAGR), from 0.6× to 0.7×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.