Alcoa Interest Coverage Trend from 2010 to 2021

AA -  USA Stock  

USD 46.94  1.38  3.03%

Alcoa Corp Interest Coverage is increasing over the years with stable fluctuation. Ongoing Interest Coverage is projected to grow to 1.28 this year. From 2010 to 2021 Alcoa Corp Interest Coverage quarterly data regression line had arithmetic mean of 2.90 and r-squared of  0.09. Alcoa Corp Direct Expenses is projected to decrease significantly based on the last few years of reporting. The past year's Direct Expenses was at 7.97 Billion. The current year Cost of Revenue is expected to grow to about 8.1 B, whereas Consolidated Income is forecasted to decline to (15.1 M).

Alcoa Historical Trends 

 
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Check Alcoa Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Alcoa main balance sheet or income statement drivers, such as Direct Expenses of 9.6 B, Cost of Revenue of 8.1 B or Earning Before Interest and Taxes EBIT of 175.9 M, as well as many exotic indicators such as Interest Coverage of 1.28, Long Term Debt to Equity of 0.8 or Calculated Tax Rate of 66.01. Alcoa financial statements analysis is a perfect complement when working with Alcoa Corp Valuation or Volatility modules. It can also supplement various Alcoa Corp Technical models. Please continue to the analysis of Alcoa Corp Correlation against competitors.

Alcoa Interest Coverage Breakdown

Showing smoothed Interest Coverage of Alcoa Corp with missing and latest data points interpolated. Alcoa Corp's Interest Coverage historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Alcoa Corp's overall financial position and show how it may be relating to other accounts over time.
Interest Coverage10 Years Trend
Increasing
Stable
 Interest Coverage 
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      Timeline 

Alcoa Interest Coverage Regression Statistics

Arithmetic Mean 2.90
Geometric Mean 1.24
Coefficient Of Variation 165.37
Mean Deviation 3.40
Median 0.80
Standard Deviation 4.79
Sample Variance 22.92
Range 13.69
R-Value 0.30
Mean Square Error 22.95
R-Squared 0.09
Significance 0.34
Slope 0.40
Total Sum of Squares 252.13

Alcoa Interest Coverage History

2015  0.33 
2017  12.14 
2018  14.02 
2019  1.39 
2020  1.25 
2021  1.28 

About Alcoa Corp Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Alcoa Corp income statement, its balance sheet, and the statement of cash flows. Alcoa Corp investors use historical funamental indicators, such as Alcoa Corp's Interest Coverage, to determine how well the company is positioned to perform in the future. Although Alcoa Corp investors may use each financial statement separately, they are all related. The changes in Alcoa Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Alcoa Corp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Alcoa Corp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Alcoa Corp. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2021
Interest Coverage 1.25  1.28 
Earnings Before Interest Taxes and Depreciation Amortization EBITDA816 M840.1 M
Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Brazil, Canada, and internationally. The company was founded in 1888 and is headquartered in Pittsburgh, Pennsylvania. Alcoa Corp operates under Aluminum classification in the United States and is traded on New York Stock Exchange. It employs 12900 people.

Alcoa Corp Investors Sentiment

The influence of Alcoa Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Alcoa. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Alcoa Corp Implied Volatility

    
  70.45  
Alcoa Corp's implied volatility exposes the market's sentiment of Alcoa Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Alcoa Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Alcoa Corp stock will not fluctuate a lot when Alcoa Corp's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Alcoa Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Alcoa Corp's short interest history, or implied volatility extrapolated from Alcoa Corp options trading.

Current Sentiment - AA

Alcoa Corp Investor Sentiment

Nearly all of Macroaxis users are presently bullish on Alcoa Corp. What is your sentiment towards investing in Alcoa Corp? Are you bullish or bearish?
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98% Bullish
2% Bearish
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Please continue to the analysis of Alcoa Corp Correlation against competitors. 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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

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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.
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 Alcoa Corp value 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.