Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Albemarle Corp., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Albemarle Corp. current ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Albemarle Corp. quick ratio improved from Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Albemarle Corp. cash ratio deteriorated from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Current Ratio
Albemarle Corp., current ratio calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Current assets | 6,657,575) | 5,186,917) | 4,296,971) | 3,350,104) | 2,336,483) | 2,007,981) | 2,078,106) | 2,151,354) | 2,009,394) | 2,206,184) | 2,227,012) | 2,292,409) | 2,155,181) | 2,225,109) | 1,969,752) | 2,036,637) | 1,987,176) | 1,998,421) | 2,059,577) | 2,283,070) | 2,158,725) | |||||||
| Current liabilities | 3,505,369) | 2,741,015) | 2,487,951) | 1,781,762) | 2,103,338) | 1,874,335) | 1,591,042) | 984,928) | 953,256) | 1,801,849) | 1,612,739) | 1,420,803) | 1,192,926) | 1,408,996) | 1,421,243) | 1,399,981) | 1,278,191) | 1,183,173) | 1,127,009) | 1,041,661) | 868,860) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||
| Current ratio1 | 1.90 | 1.89 | 1.73 | 1.88 | 1.11 | 1.07 | 1.31 | 2.18 | 2.11 | 1.22 | 1.38 | 1.61 | 1.81 | 1.58 | 1.39 | 1.45 | 1.55 | 1.69 | 1.83 | 2.19 | 2.48 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | ||||||||||||||||||||||||||||
| Linde plc | 0.73 | 0.79 | 0.74 | 0.74 | 0.84 | 0.74 | 0.81 | 0.71 | 0.74 | 0.80 | 0.83 | 0.80 | 0.74 | — | — | — | — | — | — | — | — | |||||||
| Sherwin-Williams Co. | 1.00 | 0.99 | 1.00 | 0.87 | 0.88 | 0.88 | 0.83 | 0.84 | 0.90 | 1.00 | 1.19 | 1.09 | 0.94 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 6,657,575 ÷ 3,505,369 = 1.90
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Albemarle Corp. current ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Quick Ratio
Albemarle Corp., quick ratio calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Cash and cash equivalents | 1,586,734) | 1,499,142) | 1,382,803) | 930,596) | 463,325) | 439,272) | 595,049) | 823,572) | 569,859) | 746,724) | 702,073) | 736,696) | 553,228) | 613,110) | 317,823) | 398,183) | 465,274) | 555,320) | 641,226) | 908,144) | 692,188) | |||||||
| Trade accounts receivable, less allowance for doubtful accounts | 1,351,915) | 1,190,970) | 1,035,117) | 962,215) | 658,733) | 556,922) | 520,746) | 455,222) | 532,964) | 530,838) | 516,166) | 517,626) | 518,703) | 612,651) | 637,037) | 624,808) | 603,542) | 605,712) | 550,788) | 571,032) | 606,968) | |||||||
| Other accounts receivable | 312,560) | 185,819) | 135,709) | 124,409) | 71,225) | 66,184) | 56,298) | 58,256) | 60,558) | 61,958) | 61,522) | 76,957) | 73,765) | 67,551) | 86,556) | 105,207) | 57,019) | 52,059) | 41,961) | 44,451) | 43,410) | |||||||
| Total quick assets | 3,251,209) | 2,875,931) | 2,553,629) | 2,017,220) | 1,193,283) | 1,062,378) | 1,172,093) | 1,337,050) | 1,163,381) | 1,339,520) | 1,279,761) | 1,331,279) | 1,145,696) | 1,293,312) | 1,041,416) | 1,128,198) | 1,125,835) | 1,213,091) | 1,233,975) | 1,523,627) | 1,342,566) | |||||||
| Current liabilities | 3,505,369) | 2,741,015) | 2,487,951) | 1,781,762) | 2,103,338) | 1,874,335) | 1,591,042) | 984,928) | 953,256) | 1,801,849) | 1,612,739) | 1,420,803) | 1,192,926) | 1,408,996) | 1,421,243) | 1,399,981) | 1,278,191) | 1,183,173) | 1,127,009) | 1,041,661) | 868,860) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||
| Quick ratio1 | 0.93 | 1.05 | 1.03 | 1.13 | 0.57 | 0.57 | 0.74 | 1.36 | 1.22 | 0.74 | 0.79 | 0.94 | 0.96 | 0.92 | 0.73 | 0.81 | 0.88 | 1.03 | 1.09 | 1.46 | 1.55 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | ||||||||||||||||||||||||||||
| Linde plc | 0.56 | 0.61 | 0.56 | 0.56 | 0.65 | 0.55 | 0.63 | 0.52 | 0.56 | 0.59 | 0.64 | 0.61 | 0.54 | — | — | — | — | — | — | — | — | |||||||
| Sherwin-Williams Co. | 0.49 | 0.46 | 0.50 | 0.46 | 0.46 | 0.44 | 0.45 | 0.45 | 0.48 | 0.50 | 0.71 | 0.60 | 0.48 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 3,251,209 ÷ 3,505,369 = 0.93
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Albemarle Corp. quick ratio improved from Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
Cash Ratio
Albemarle Corp., cash ratio calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Cash and cash equivalents | 1,586,734) | 1,499,142) | 1,382,803) | 930,596) | 463,325) | 439,272) | 595,049) | 823,572) | 569,859) | 746,724) | 702,073) | 736,696) | 553,228) | 613,110) | 317,823) | 398,183) | 465,274) | 555,320) | 641,226) | 908,144) | 692,188) | |||||||
| Total cash assets | 1,586,734) | 1,499,142) | 1,382,803) | 930,596) | 463,325) | 439,272) | 595,049) | 823,572) | 569,859) | 746,724) | 702,073) | 736,696) | 553,228) | 613,110) | 317,823) | 398,183) | 465,274) | 555,320) | 641,226) | 908,144) | 692,188) | |||||||
| Current liabilities | 3,505,369) | 2,741,015) | 2,487,951) | 1,781,762) | 2,103,338) | 1,874,335) | 1,591,042) | 984,928) | 953,256) | 1,801,849) | 1,612,739) | 1,420,803) | 1,192,926) | 1,408,996) | 1,421,243) | 1,399,981) | 1,278,191) | 1,183,173) | 1,127,009) | 1,041,661) | 868,860) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||
| Cash ratio1 | 0.45 | 0.55 | 0.56 | 0.52 | 0.22 | 0.23 | 0.37 | 0.84 | 0.60 | 0.41 | 0.44 | 0.52 | 0.46 | 0.44 | 0.22 | 0.28 | 0.36 | 0.47 | 0.57 | 0.87 | 0.80 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | ||||||||||||||||||||||||||||
| Linde plc | 0.28 | 0.33 | 0.25 | 0.24 | 0.31 | 0.21 | 0.32 | 0.21 | 0.27 | 0.27 | 0.35 | 0.33 | 0.26 | — | — | — | — | — | — | — | — | |||||||
| Sherwin-Williams Co. | 0.02 | 0.03 | 0.02 | 0.04 | 0.06 | 0.03 | 0.05 | 0.04 | 0.06 | 0.05 | 0.14 | 0.04 | 0.05 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 1,586,734 ÷ 3,505,369 = 0.45
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Albemarle Corp. cash ratio deteriorated from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |