Alcoa (AAPRB.PFD) Interest Expense : $-518.00 Mil (TTM As of Sep. 2016)

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What is Alcoa Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Alcoa's interest expense for the three months ended in Sep. 2016 was $ -133.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2016 was $-518.00 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Alcoa's Operating Income for the three months ended in Sep. 2016 was $ 367.00 Mil. Alcoa's Interest Expense for the three months ended in Sep. 2016 was $ -133.00 Mil. Alcoa's Interest Coverage for the quarter that ended in Sep. 2016 was 2.76. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Alcoa Interest Expense Historical Data

The historical data trend for Alcoa's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Alcoa Interest Expense Chart

Alcoa Annual Data

Trend

Dec06

Dec07

Dec08

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Dec10

Dec11

Dec12

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Dec15

Interest Expense

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-524.00

-490.00

-453.00

-473.00

-498.00

Alcoa Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Interest Expense	Get a 7-Day Free Trial															-123.00	-129.00	-127.00	-129.00	-133.00

Alcoa Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-518.00 Mil.

Alcoa (NYSE:AAPRB.PFD) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Alcoa's Interest Expense for the three months ended in Sep. 2016 was $-133.00 Mil. Its Operating Income for the three months ended in Sep. 2016 was $367.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2016 was $9,501.00 Mil.

Alcoa's Interest Coverage for the quarter that ended in Sep. 2016 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2016 )	/	Interest Expense (Q: Sep. 2016 )
	=	-1	*	367	/	-133
	=	2.76

The higher the ratio, the stronger the company's financial strength is.

Alcoa Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alcoa Inc (NYSE:AAPRB.PFD) » Definitions » Interest Expense

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Address

Website

https://www.arconic.com

Arconic Inc, formerly known as Alcoa Inc was first incorporated as the Pittsburgh Reduction Company on October 1, 1888. The Company is engaged in manufacturing and engineering lightweight metals. Its products include aluminum, titanium, and nickel, used in aerospace, automotive, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial applications. The Company is also engaged in the production and management of aluminum, fabricated aluminum, and alumina combined, through its active participation in all aspects of the industry: technology, mining, refining, smelting, fabricating, and recycling. It has investments and operating activities in, among others, Australia, Brazil, China, Guinea, Iceland, Russia, and Saudi Arabia. The Company operates in segments including Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. The Company's Global Rolled Products segment represents its midstream operations. The Engineered Products and Solutions segment represents a portion of the Company's downstream operations. Its downstream portfolio includes two segments Engineered Products and Solutions and Transportation and Construction Solutions. The Engineered Products and Solutions consist of Alcoa Titanium & Engineered Products; Alcoa Fastening Systems & Rings; Alcoa Forgings and Extrusions; and Alcoa Power and Propulsion. The Company's Transportation and Construction Solutions segment represents a portion of its downstream operations. The raw materials used includes bauxite, alloying materials, caustic soda, alumina, electricity, aluminum fluoride, fuel oil, calcined petroleum coke, lime (CaO), cathode blocks, natural gas, electricity, liquid pitch, natural gas, titanium alloys, titanium sponge and resin. The Company's trademark products include Howmet metal castings, Huck fasteners, Kawneer building panels and Dura-Bright wheels with easy-clean surface treatments.