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Alcoa AA Interest coverage

Interest coverage at other companies

Albemarle logo
AlbemarleALB
-0.7×-0.4×
Reliance logo
RelianceRS
18.6×-6.2×
Carpenter Technology logo
Carpenter TechnologyCRS
15.3×+5.6×
Steel Dynamics logo
Steel DynamicsSTLD
19.1×-6.9×
ATI logo
ATIATI
11×+6.2×

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 trailing twelve months.

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 interest coverage?
Alcoa (AA) reported interest coverage of 7.4× in Q1 2026.
How has Alcoa's interest coverage changed year-over-year?
Alcoa's interest coverage decreased by 8.1% year-over-year, from 8× to 7.4×.
What is the long-term trend for Alcoa's interest coverage?
Over 2 years (2021 to 2025), Alcoa's interest coverage has grown at a 18.2% compound annual growth rate (CAGR), from 22.7× to 31.7×.
What does interest coverage mean?
How many times the company's operating profit covers its interest bill.
How do you interpret interest coverage?
Higher is safer; below ~2× is a warning that earnings provide little cushion against the debt burden. Debt-free companies have no interest expense and the ratio is left blank.
How does interest coverage compare across companies?
Comparable across leveraged non-financials; less relevant for net-cash companies with negligible interest.