Alcoa Net Debt vs Cash Analysis

AAI Stock

64.21 0.84 1.29%

Alcoa financial indicator trend analysis is way more than just evaluating Alcoa Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alcoa Inc is a good investment. Please check the relationship between Alcoa Net Debt and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alcoa Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alcoa Inc Net Debt account and Cash. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Alcoa's Net Debt and Cash is -0.56. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash in the same time period over historical financial statements of Alcoa Inc, assuming nothing else is changed. The correlation between historical values of Alcoa's Net Debt and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Alcoa Inc are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Debt i.e., Alcoa's Net Debt and Cash go up and down completely randomly.

Correlation Coefficient

-0.56

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Cash

Cash refers to the most liquid asset of Alcoa Inc, which is listed under current asset account on Alcoa Inc balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Alcoa customers. The amounts must be unrestricted with restricted cash listed in a different Alcoa account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from Alcoa's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alcoa Inc 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 Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Selling General Administrative is likely to gain to about 237.3 M in 2024, whereas Tax Provision is likely to drop slightly above 179.6 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	195M	106M	107M	146.0M
Depreciation And Amortization	664M	617M	632M	657.2M

Interest Expense Depreciation And Amortization

Alcoa fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Short Term Investments
Total Assets		0.09	0.85	0.95	0.93	0.99	0.2	0.14	0.73	0.8	-0.17	0.99	0.97	-0.13	0.85	0.98	0.37	0.92	-0.38	-0.47	0.97	0.96	0.04	-0.52	0.97	0.62
Short Long Term Debt Total	0.09		-0.09	0.04	-0.04	0.08	0.03	0.69	0.12	0.1	0.18	0.04	-0.09	0.21	-0.12	0.21	0.38	0.24	0.16	0.36	0.3	0.2	0.36	0.32	0.28	-0.31
Other Current Liab	0.85	-0.09		0.73	0.82	0.89	-0.23	0.14	0.44	0.45	-0.41	0.91	0.9	-0.42	0.54	0.84	0.31	0.79	-0.73	-0.26	0.79	0.8	-0.4	-0.31	0.79	0.55
Total Current Liabilities	0.95	0.04	0.73		0.88	0.91	0.41	-0.03	0.82	0.92	-0.01	0.91	0.94	0.05	0.94	0.93	0.49	0.86	-0.23	-0.62	0.92	0.92	0.26	-0.55	0.91	0.57
Total Stockholder Equity	0.93	-0.04	0.82	0.88		0.92	0.24	0.13	0.71	0.7	-0.31	0.93	0.93	-0.29	0.84	0.92	0.28	0.73	-0.28	-0.5	0.89	0.79	-0.01	-0.64	0.9	0.68
Property Plant And Equipment Net	0.99	0.08	0.89	0.91	0.92		0.09	0.21	0.65	0.74	-0.27	1.0	0.97	-0.23	0.79	0.98	0.3	0.93	-0.44	-0.42	0.96	0.95	-0.08	-0.47	0.96	0.6
Current Deferred Revenue	0.2	0.03	-0.23	0.41	0.24	0.09		-0.39	0.71	0.54	0.59	0.09	0.13	0.63	0.61	0.14	0.26	0.05	0.48	-0.43	0.18	0.14	0.8	-0.47	0.19	0.03
Net Debt	0.14	0.69	0.14	-0.03	0.13	0.21	-0.39		-0.25	-0.05	-0.56	0.17	0.04	-0.53	-0.18	0.29	-0.13	0.19	0.09	0.3	0.32	0.14	-0.21	0.29	0.28	-0.11
Retained Earnings	0.73	0.12	0.44	0.82	0.71	0.65	0.71	-0.25		0.75	0.4	0.65	0.66	0.42	0.85	0.67	0.6	0.61	-0.11	-0.36	0.68	0.68	0.55	-0.69	0.7	0.45
Accounts Payable	0.8	0.1	0.45	0.92	0.7	0.74	0.54	-0.05	0.75		0.1	0.73	0.77	0.2	0.93	0.79	0.44	0.74	0.11	-0.69	0.8	0.81	0.51	-0.55	0.79	0.54
Cash	-0.17	0.18	-0.41	-0.01	-0.31	-0.27	0.59	-0.56	0.4	0.1		-0.27	-0.26	0.99	0.04	-0.24	0.44	-0.05	0.13	0.05	-0.17	-0.04	0.68	0.0	-0.15	-0.28
Non Current Assets Total	0.99	0.04	0.91	0.91	0.93	1.0	0.09	0.17	0.65	0.73	-0.27		0.97	-0.23	0.79	0.97	0.3	0.92	-0.46	-0.43	0.95	0.94	-0.1	-0.48	0.95	0.61
Non Currrent Assets Other	0.97	-0.09	0.9	0.94	0.93	0.97	0.13	0.04	0.66	0.77	-0.26	0.97		-0.23	0.84	0.95	0.37	0.86	-0.43	-0.57	0.91	0.9	-0.06	-0.51	0.91	0.65
Cash And Short Term Investments	-0.13	0.21	-0.42	0.05	-0.29	-0.23	0.63	-0.53	0.42	0.2	0.99	-0.23	-0.23		0.1	-0.19	0.41	0.01	0.2	-0.01	-0.12	0.02	0.73	-0.02	-0.1	-0.26
Net Receivables	0.85	-0.12	0.54	0.94	0.84	0.79	0.61	-0.18	0.85	0.93	0.04	0.79	0.84	0.1		0.8	0.34	0.68	0.0	-0.68	0.78	0.77	0.39	-0.73	0.78	0.63
Good Will	0.98	0.21	0.84	0.93	0.92	0.98	0.14	0.29	0.67	0.79	-0.24	0.97	0.95	-0.19	0.8		0.38	0.91	-0.31	-0.46	0.99	0.94	0.04	-0.44	0.99	0.57
Common Stock Shares Outstanding	0.37	0.38	0.31	0.49	0.28	0.3	0.26	-0.13	0.6	0.44	0.44	0.3	0.37	0.41	0.34	0.38		0.38	-0.22	-0.15	0.43	0.42	0.5	-0.09	0.42	0.11
Non Current Liabilities Total	0.92	0.24	0.79	0.86	0.73	0.93	0.05	0.19	0.61	0.74	-0.05	0.92	0.86	0.01	0.68	0.91	0.38		-0.47	-0.3	0.92	0.99	0.01	-0.31	0.91	0.47
Inventory	-0.38	0.16	-0.73	-0.23	-0.28	-0.44	0.48	0.09	-0.11	0.11	0.13	-0.46	-0.43	0.2	0.0	-0.31	-0.22	-0.47		-0.25	-0.28	-0.42	0.62	-0.04	-0.28	-0.13
Other Current Assets	-0.47	0.36	-0.26	-0.62	-0.5	-0.42	-0.43	0.3	-0.36	-0.69	0.05	-0.43	-0.57	-0.01	-0.68	-0.46	-0.15	-0.3	-0.25		-0.44	-0.39	-0.24	0.27	-0.44	-0.34
Other Stockholder Equity	0.97	0.3	0.79	0.92	0.89	0.96	0.18	0.32	0.68	0.8	-0.17	0.95	0.91	-0.12	0.78	0.99	0.43	0.92	-0.28	-0.44		0.94	0.11	-0.38	1.0	0.51
Total Liab	0.96	0.2	0.8	0.92	0.79	0.95	0.14	0.14	0.68	0.81	-0.04	0.94	0.9	0.02	0.77	0.94	0.42	0.99	-0.42	-0.39	0.94		0.07	-0.38	0.94	0.51
Total Current Assets	0.04	0.36	-0.4	0.26	-0.01	-0.08	0.8	-0.21	0.55	0.51	0.68	-0.1	-0.06	0.73	0.39	0.04	0.5	0.01	0.62	-0.24	0.11	0.07		-0.3	0.11	0.03
Short Term Debt	-0.52	0.32	-0.31	-0.55	-0.64	-0.47	-0.47	0.29	-0.69	-0.55	0.0	-0.48	-0.51	-0.02	-0.73	-0.44	-0.09	-0.31	-0.04	0.27	-0.38	-0.38	-0.3		-0.44	-0.84
Common Stock	0.97	0.28	0.79	0.91	0.9	0.96	0.19	0.28	0.7	0.79	-0.15	0.95	0.91	-0.1	0.78	0.99	0.42	0.91	-0.28	-0.44	1.0	0.94	0.11	-0.44		0.56
Short Term Investments	0.62	-0.31	0.55	0.57	0.68	0.6	0.03	-0.11	0.45	0.54	-0.28	0.61	0.65	-0.26	0.63	0.57	0.11	0.47	-0.13	-0.34	0.51	0.51	0.03	-0.84	0.56

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Alcoa Account Relationship Matchups

Alcoa fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	20.8B	14.9B	15.0B	14.8B	14.2B	14.8B
Short Long Term Debt Total	2.6B	2.8B	2.6B	1.9B	1.9B	1.7B
Other Current Liab	1.3B	1.2B	1.1B	1.0B	1.1B	993.3M
Total Current Liabilities	3.6B	2.8B	3.2B	3.0B	3.0B	2.8B
Total Stockholder Equity	5.8B	3.3B	4.7B	5.1B	4.3B	4.5B
Property Plant And Equipment Net	11.3B	7.2B	6.6B	6.5B	6.8B	7.5B
Current Deferred Revenue	147.9M	91M	374M	230M	129.3M	214.1M
Net Debt	1.5B	1.0B	52M	503M	971M	813.8M
Retained Earnings	(789.5M)	(725M)	(315M)	(570M)	(1.3B)	(1.2B)
Accounts Payable	2.1B	1.4B	1.7B	1.8B	1.7B	1.5B
Cash	1.3B	1.6B	1.8B	1.4B	944M	1.1B
Non Current Assets Total	15.8B	10.3B	10B	9.5B	9.8B	10.8B
Non Currrent Assets Other	1.8B	1.3B	1.5B	1.4B	1.5B	1.3B
Cash And Short Term Investments	1.3B	1.6B	1.8B	1.4B	944M	1.2B
Net Receivables	938.9M	556M	884M	909M	808M	800.6M
Good Will	214.5M	213.4M	145M	144M	146M	141.9M
Common Stock Shares Outstanding	185M	186M	190M	181M	178M	147.9M
Liabilities And Stockholders Equity	20.8B	14.9B	15.0B	14.8B	14.2B	14.8B
Non Current Liabilities Total	8.8B	7.1B	5.5B	5.2B	5.3B	5.8B
Inventory	2.3B	1.4B	2.0B	2.4B	2.2B	2.2B
Other Current Assets	404.0M	959M	372M	551M	495M	554.1M
Other Stockholder Equity	13.7B	9.7B	9.6B	9.2B	9.2B	9.0B
Total Liab	12.4B	9.8B	8.7B	8.2B	8.3B	8.6B
Total Current Assets	5.0B	4.5B	5.0B	5.3B	4.4B	4.0B
Accumulated Other Comprehensive Income	(7.1B)	(5.6B)	(4.6B)	(3.5B)	(3.6B)	(3.8B)
Short Term Debt	1.4M	88.2M	79M	76M	1M	51.4M
Common Stock	2.6M	2.8M	2.8M	2M	1.8M	1.9M
Short Term Investments	83.9M	27.2M	19.3M	196.7M	42.6M	70.6M

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