Alcoa Corporate Bonds and Current Financial Leverage

AA -- USA Stock  

USD 45.56  0.75  1.67%

Alcoa financial leverage is the degree to which the firm utilises its fixed-income securities. Companies with high leverage are usually considered to be at financial risk. Alcoa financial risk is the risk to Alcoa stockholders that is caused by an increase in debt. In other words with a high degree of financial leverage come high interest payments which usually reduces Earnings Per Share (EPS). Check also analysis of Alcoa Fundamentals Over Time.

Alcoa Financial Leverage Rating

Acceptable
Total Macroaxis Rating
 
BBB-
Average S&P Rating

Alcoa Debt to Cash Allocation

The company reports 1.46 B of total liabilities with total debt to equity ratio (D/E) of 19.4 which implies that the company may not be able to produce enough cash to satisfy its debt commitments. Alcoa Corporation has Current Ratio of 1.36 which is generally considered normal.

Alcoa Financial Leverage Over Time

Interest burden is a component of DuPont return on equity analysis calculated by dividing Earnings before Tax by Earning Before Interest and Taxes EBIT . This will be 1 for a company with no Interest Expense.
 Financial Leverage 
      Timeline 

Alcoa Leverage Ratio Over Time

Leverage Ratio is a measure of a firms financial leverage, calculated by dividing Average Assets by Average Equity. A component of DuPont return on equity analysis.
 Leverage Ratio 
      Timeline 
 
Piotroski F Score   
8  Strong

Alcoa Corporate Bonds Issued

Issue DateMaturityCouponRef CouponS&P Rating
013817AJ0 5.9%01/25/200702/01/20275.92.25
BBB-
013817AK7 5.95%01/25/200702/01/20375.955.375
BBB-
013817AL5 5.55%01/25/200702/01/20175.550.375
BBB-
013817AP6 5.72%05/03/200702/23/20195.721.5
BBB-
013817AQ4 5.87%05/03/200702/23/20225.872.0
BBB-
013817AS0 6.75%07/15/200807/15/20186.750.875
BBB-
013817AU5 6.15%08/03/201008/15/20206.151.5
BBB-
013817AV3 5.4%04/21/201104/15/20215.42.0
BBB-
013817AW1 5.125%09/22/201410/01/20245.1252.25
BBB-
022249AU0 6.75%01/27/199801/15/20286.752.25
BBB-
022249BA3 6.5%10/05/199806/15/20186.50.875
BBB-

Alcoa Historical Debt Patterns

Total Debt

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Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for Alcoa and Reliance Steel Aluminum. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Check also analysis of Alcoa Fundamentals Over Time. Please also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.