Alcoa Return on Investment vs Long Term Debt to Equity Analysis

AA Stock  USD 31.03  0.59  1.94%   
Trend analysis of Alcoa Corp balance sheet accounts such as Total Assets of 12.7 B or Short and Long Term Debt Total of 1.6 B provides information on Alcoa Corp's total assets, liabilities, and equity, which is the actual value of Alcoa Corp to its prevalent stockholders. By breaking down trends over time using Alcoa Corp balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alcoa Corp. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.

About Alcoa Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Alcoa Corp at a specified time, usually calculated after every quarter, six months, or one year. Alcoa Corp Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Alcoa Corp and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Alcoa currently owns. An asset can also be divided into two categories, current and non-current.

Alcoa Corp Balance Sheet Chart

Alcoa Corp Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Alcoa Corp uses and utilizes its capital. It also shows what exactly a company owns and owes.
At present, Alcoa Corp's Common Stock Shares Outstanding is projected to increase significantly based on the last few years of reporting. The current year's Total Current Liabilities is expected to grow to about 3.2 B, whereas Total Assets are forecasted to decline to about 12.7 B.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Total Assets

Total assets refers to the total amount of Alcoa Corp assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Alcoa Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Alcoa Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alcoa Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alcoa Corp. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.At present, Alcoa Corp's Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 26.15, whereas Tax Provision is forecasted to decline to about 179.6 M.
 2021 2022 2023 2024 (projected)
Interest Expense195M106M107M147.5M
Depreciation And Amortization664M617M632M599.4M

Alcoa Corp fundamental ratios Correlations

-0.550.370.120.48-0.420.42-0.43-0.45-0.110.080.120.47-0.45-0.26-0.420.380.470.33-0.79-0.430.440.07-0.360.380.46
-0.55-0.81-0.77-0.390.85-0.480.830.960.55-0.580.25-0.740.960.150.48-0.81-0.75-0.180.90.81-0.66-0.530.39-0.82-0.65
0.37-0.810.760.5-0.970.75-0.96-0.88-0.240.76-0.210.88-0.89-0.29-0.531.00.880.36-0.62-0.950.910.44-0.580.810.9
0.12-0.770.760.51-0.730.37-0.71-0.86-0.650.55-0.020.7-0.86-0.1-0.310.760.70.39-0.62-0.750.550.73-0.110.680.57
0.48-0.390.50.51-0.540.59-0.54-0.52-0.10.090.620.65-0.51-0.25-0.430.50.650.84-0.5-0.60.570.54-0.090.360.66
-0.420.85-0.97-0.73-0.54-0.831.00.910.2-0.670.19-0.90.910.150.48-0.97-0.9-0.410.670.98-0.94-0.40.66-0.9-0.94
0.42-0.480.750.370.59-0.83-0.84-0.550.140.49-0.010.71-0.54-0.04-0.230.750.710.52-0.42-0.830.950.02-0.740.70.95
-0.430.83-0.96-0.71-0.541.0-0.840.890.17-0.670.2-0.90.890.130.47-0.96-0.9-0.410.660.98-0.95-0.370.68-0.9-0.95
-0.450.96-0.88-0.86-0.520.91-0.550.890.44-0.530.18-0.881.00.120.57-0.88-0.89-0.310.810.88-0.73-0.620.43-0.87-0.74
-0.110.55-0.24-0.65-0.10.20.140.170.44-0.41-0.11-0.050.470.25-0.16-0.23-0.05-0.040.560.20.0-0.61-0.35-0.18-0.01
0.08-0.580.760.550.09-0.670.49-0.67-0.53-0.41-0.270.37-0.58-0.47-0.090.750.370.11-0.34-0.670.640.28-0.320.460.6
0.120.25-0.21-0.020.620.19-0.010.20.18-0.11-0.27-0.10.15-0.40.12-0.21-0.10.640.020.12-0.110.430.46-0.39-0.02
0.47-0.740.880.70.65-0.90.71-0.9-0.88-0.050.37-0.1-0.86-0.07-0.70.891.00.44-0.64-0.880.840.43-0.60.830.86
-0.450.96-0.89-0.86-0.510.91-0.540.891.00.47-0.580.15-0.860.20.57-0.89-0.87-0.310.820.88-0.73-0.640.4-0.84-0.74
-0.260.15-0.29-0.1-0.250.15-0.040.130.120.25-0.47-0.4-0.070.20.3-0.29-0.07-0.150.210.13-0.16-0.44-0.240.26-0.18
-0.420.48-0.53-0.31-0.430.48-0.230.470.57-0.16-0.090.12-0.70.570.3-0.54-0.7-0.060.460.43-0.38-0.330.2-0.34-0.4
0.38-0.811.00.760.5-0.970.75-0.96-0.88-0.230.75-0.210.89-0.89-0.29-0.540.890.36-0.62-0.950.910.43-0.590.810.9
0.47-0.750.880.70.65-0.90.71-0.9-0.89-0.050.37-0.11.0-0.87-0.07-0.70.890.44-0.65-0.880.840.43-0.60.830.86
0.33-0.180.360.390.84-0.410.52-0.41-0.31-0.040.110.640.44-0.31-0.15-0.060.360.44-0.24-0.530.480.44-0.150.30.55
-0.790.9-0.62-0.62-0.50.67-0.420.660.810.56-0.340.02-0.640.820.210.46-0.62-0.65-0.240.64-0.53-0.450.24-0.63-0.55
-0.430.81-0.95-0.75-0.60.98-0.830.980.880.2-0.670.12-0.880.880.130.43-0.95-0.88-0.530.64-0.94-0.420.63-0.88-0.94
0.44-0.660.910.550.57-0.940.95-0.95-0.730.00.64-0.110.84-0.73-0.16-0.380.910.840.48-0.53-0.940.2-0.740.80.99
0.07-0.530.440.730.54-0.40.02-0.37-0.62-0.610.280.430.43-0.64-0.44-0.330.430.430.44-0.45-0.420.20.30.240.25
-0.360.39-0.58-0.11-0.090.66-0.740.680.43-0.35-0.320.46-0.60.4-0.240.2-0.59-0.6-0.150.240.63-0.740.3-0.74-0.69
0.38-0.820.810.680.36-0.90.7-0.9-0.87-0.180.46-0.390.83-0.840.26-0.340.810.830.3-0.63-0.880.80.24-0.740.78
0.46-0.650.90.570.66-0.940.95-0.95-0.74-0.010.6-0.020.86-0.74-0.18-0.40.90.860.55-0.55-0.940.990.25-0.690.78
Click cells to compare fundamentals

Alcoa Corp Account Relationship Matchups

Alcoa Corp fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding185.5M185.9M190M181M178.3M202.5M
Total Assets14.6B14.9B15.0B14.8B14.2B12.7B
Short Long Term Debt Total1.8B2.5B1.7B1.8B1.8B1.6B
Other Current Liab561M870M791M1.2B1.1B858M
Total Current Liabilities2.6B2.8B3.2B3.0B3.0B3.2B
Total Stockholder Equity4.1B3.3B4.6B5.1B4.3B4.6B
Other Liab4.3B4.6B3.8B3.3B3.8B4.3B
Net Tangible Assets3.9B3.3B4.6B5.1B4.6B4.6B
Property Plant And Equipment Net7.9B7.2B6.6B6.5B6.8B6.6B
Current Deferred Revenue517M486M757M88M79.2M75.2M
Net Debt921M858M(87M)444M835M444.6M
Accounts Payable1.5B1.4B1.7B1.8B1.7B1.8B
Cash879M1.6B1.8B1.4B976M1.2B
Non Current Assets Total11.1B10.3B10.0B9.5B9.8B9.5B
Non Currrent Assets Other1.2B1.3B1.5B1.4B1.4B1.2B
Other Assets1.7B10.3M(1.6B)1.9B1.7B1.2B
Long Term Debt1.8B2.5B1.7B1.8B1.7B1.6B
Cash And Short Term Investments879M1.6B1.8B1.4B1.0B1.2B
Net Receivables660M556M884M909M808M870.4M
Good Will151M150M145M144M146M120.2M
Liabilities And Stockholders Equity14.6B14.9B15.0B14.8B14.2B12.7B
Non Current Liabilities Total6.2B7.1B5.5B5.2B5.3B5.9B
Other Current Assets288M290M358M417M434M381.0M
Other Stockholder Equity9.6B9.7B9.6B9.2B9.2B9.2B
Total Liab8.8B9.9B8.8B8.2B8.3B9.1B
Long Term Investments1.1B1.1B1.2B1.1B979M1.0B
Property Plant And Equipment Gross7.9B7.2B19.8B19.6B20.4B13.5B
Total Current Assets3.5B4.5B5.0B5.3B4.4B4.4B
Accumulated Other Comprehensive Income(5.0B)(5.7B)(4.6B)(3.6B)(3.6B)(3.8B)
Intangible Assets52M45M36M29M37M46.1M
Property Plant Equipment8.0B7.2B6.6B6.5B5.8B6.8B
Long Term Debt Total1.8B2.5B1.7B1.8B2.1B1.7B
Noncontrolling Interest In Consolidated Entity1.8B1.7B1.6B1.5B1.4B1.5B
Retained Earnings(555M)(725M)(315M)(549M)(1.3B)(1.2B)
Retained Earnings Total Equity(555M)(725M)(315M)(570M)(513M)(487.4M)

Pair Trading with Alcoa Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Alcoa Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Alcoa Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Alcoa Stock

  0.61DC Dakota Gold CorpPairCorr
The ability to find closely correlated positions to Alcoa Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alcoa Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Alcoa Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Alcoa Corp to buy it.
The correlation of Alcoa Corp is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alcoa Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alcoa Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Alcoa Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Alcoa Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Alcoa Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Alcoa Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Alcoa Corp Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alcoa Corp. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.
Note that the Alcoa Corp information on this page should be used as a complementary analysis to other Alcoa Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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When running Alcoa Corp's price analysis, check to measure Alcoa Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alcoa Corp is operating at the current time. Most of Alcoa Corp's value examination focuses on studying past and present price action to predict the probability of Alcoa Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alcoa Corp's price. Additionally, you may evaluate how the addition of Alcoa Corp to your portfolios can decrease your overall portfolio volatility.
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Is Alcoa Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Alcoa Corp. If investors know Alcoa will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Alcoa Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.81
Dividend Share
0.4
Earnings Share
(3.65)
Revenue Per Share
59.275
Quarterly Revenue Growth
(0.03)
The market value of Alcoa Corp is measured differently than its book value, which is the value of Alcoa that is recorded on the company's balance sheet. Investors also form their own opinion of Alcoa Corp's value that differs from its market value or its book value, called intrinsic value, which is Alcoa Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alcoa Corp's market value can be influenced by many factors that don't directly affect Alcoa Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Alcoa Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alcoa Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alcoa Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.