Stock Analysis on Net

Albemarle Corp. (NYSE:ALB)

This company has been moved to the archive! The financial data has not been updated since May 3, 2023.

Analysis of Solvency Ratios
Quarterly Data

Microsoft Excel

Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.


Solvency Ratios (Summary)

Albemarle Corp., solvency ratios (quarterly data)

Microsoft Excel
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
Debt Ratios
Debt to equity 0.35 0.40 0.50 0.57 0.43 0.43 0.36 0.33 0.35 0.84 0.86 0.88 0.81 0.78 0.50 0.50 0.50 0.48 0.48 0.44 0.39
Debt to capital 0.26 0.29 0.33 0.36 0.30 0.30 0.26 0.25 0.26 0.46 0.46 0.47 0.45 0.44 0.33 0.33 0.33 0.32 0.32 0.30 0.28
Debt to assets 0.18 0.21 0.24 0.28 0.22 0.22 0.19 0.19 0.20 0.34 0.35 0.35 0.32 0.31 0.24 0.23 0.23 0.22 0.23 0.21 0.20
Financial leverage 1.91 1.94 2.05 2.06 1.96 1.95 1.90 1.75 1.79 2.45 2.48 2.53 2.54 2.51 2.12 2.13 2.14 2.11 2.12 2.04 1.99
Coverage Ratios
Interest coverage 37.07 27.07 20.62 6.37 10.94 4.73 4.93 11.43 5.98 7.85 7.68 9.20 11.41 13.00 16.64 15.64 18.76 17.87

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).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Albemarle Corp. debt to equity ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Albemarle Corp. debt to capital ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Albemarle Corp. debt to assets ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Albemarle Corp. financial leverage ratio decreased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Albemarle Corp. interest coverage ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.

Debt to Equity

Albemarle Corp., debt to equity calculation (quarterly data)

Microsoft Excel
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 portion of long-term debt 2,167 2,128 251,216 251,304 503,795 389,920 611 623 616 804,677 603,787 406,201 35,615 187,336 539,960 490,691 425,684 307,294 286,188 208,681 39,216
Long-term debt, excluding current portion 3,233,393 3,214,972 3,118,753 3,205,730 1,985,696 2,004,319 2,021,487 2,043,794 2,030,032 2,767,381 2,940,533 3,132,191 3,105,225 2,862,921 1,381,984 1,398,419 1,393,904 1,397,916 1,411,605 1,406,724 1,436,852
Total debt 3,235,560 3,217,100 3,369,969 3,457,034 2,489,491 2,394,239 2,022,098 2,044,417 2,030,648 3,572,058 3,544,320 3,538,392 3,140,840 3,050,257 1,921,944 1,889,110 1,819,588 1,705,210 1,697,793 1,615,405 1,476,068
 
Total Albemarle Corporation shareholders’ equity 9,212,735 7,982,627 6,732,636 6,085,291 5,826,600 5,625,266 5,694,116 6,165,549 5,746,384 4,268,227 4,124,881 4,024,472 3,878,004 3,932,250 3,836,559 3,800,801 3,672,274 3,585,321 3,528,844 3,693,576 3,800,310
Solvency Ratio
Debt to equity1 0.35 0.40 0.50 0.57 0.43 0.43 0.36 0.33 0.35 0.84 0.86 0.88 0.81 0.78 0.50 0.50 0.50 0.48 0.48 0.44 0.39
Benchmarks
Debt to Equity, Competitors2
Linde plc 0.47 0.45 0.41 0.40 0.38 0.32 0.38 0.34 0.34 0.34 0.39 0.38 0.38 0.28 0.27 0.28 0.28

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
Debt to equity = Total debt ÷ Total Albemarle Corporation shareholders’ equity
= 3,235,560 ÷ 9,212,735 = 0.35

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Albemarle Corp. debt to equity ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.

Debt to Capital

Albemarle Corp., debt to capital calculation (quarterly data)

Microsoft Excel
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 portion of long-term debt 2,167 2,128 251,216 251,304 503,795 389,920 611 623 616 804,677 603,787 406,201 35,615 187,336 539,960 490,691 425,684 307,294 286,188 208,681 39,216
Long-term debt, excluding current portion 3,233,393 3,214,972 3,118,753 3,205,730 1,985,696 2,004,319 2,021,487 2,043,794 2,030,032 2,767,381 2,940,533 3,132,191 3,105,225 2,862,921 1,381,984 1,398,419 1,393,904 1,397,916 1,411,605 1,406,724 1,436,852
Total debt 3,235,560 3,217,100 3,369,969 3,457,034 2,489,491 2,394,239 2,022,098 2,044,417 2,030,648 3,572,058 3,544,320 3,538,392 3,140,840 3,050,257 1,921,944 1,889,110 1,819,588 1,705,210 1,697,793 1,615,405 1,476,068
Total Albemarle Corporation shareholders’ equity 9,212,735 7,982,627 6,732,636 6,085,291 5,826,600 5,625,266 5,694,116 6,165,549 5,746,384 4,268,227 4,124,881 4,024,472 3,878,004 3,932,250 3,836,559 3,800,801 3,672,274 3,585,321 3,528,844 3,693,576 3,800,310
Total capital 12,448,295 11,199,727 10,102,605 9,542,325 8,316,091 8,019,505 7,716,214 8,209,966 7,777,032 7,840,285 7,669,201 7,562,864 7,018,844 6,982,507 5,758,503 5,689,911 5,491,862 5,290,531 5,226,637 5,308,981 5,276,378
Solvency Ratio
Debt to capital1 0.26 0.29 0.33 0.36 0.30 0.30 0.26 0.25 0.26 0.46 0.46 0.47 0.45 0.44 0.33 0.33 0.33 0.32 0.32 0.30 0.28
Benchmarks
Debt to Capital, Competitors2
Linde plc 0.32 0.31 0.29 0.29 0.28 0.24 0.27 0.25 0.25 0.25 0.28 0.28 0.27 0.22 0.21 0.22 0.22

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
Debt to capital = Total debt ÷ Total capital
= 3,235,560 ÷ 12,448,295 = 0.26

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Albemarle Corp. debt to capital ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.

Debt to Assets

Albemarle Corp., debt to assets calculation (quarterly data)

Microsoft Excel
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 portion of long-term debt 2,167 2,128 251,216 251,304 503,795 389,920 611 623 616 804,677 603,787 406,201 35,615 187,336 539,960 490,691 425,684 307,294 286,188 208,681 39,216
Long-term debt, excluding current portion 3,233,393 3,214,972 3,118,753 3,205,730 1,985,696 2,004,319 2,021,487 2,043,794 2,030,032 2,767,381 2,940,533 3,132,191 3,105,225 2,862,921 1,381,984 1,398,419 1,393,904 1,397,916 1,411,605 1,406,724 1,436,852
Total debt 3,235,560 3,217,100 3,369,969 3,457,034 2,489,491 2,394,239 2,022,098 2,044,417 2,030,648 3,572,058 3,544,320 3,538,392 3,140,840 3,050,257 1,921,944 1,889,110 1,819,588 1,705,210 1,697,793 1,615,405 1,476,068
 
Total assets 17,564,358 15,456,522 13,828,502 12,520,405 11,416,058 10,974,118 10,832,325 10,796,926 10,290,302 10,450,946 10,231,983 10,170,253 9,847,638 9,860,863 8,141,603 8,094,414 7,871,062 7,581,674 7,487,195 7,538,363 7,556,340
Solvency Ratio
Debt to assets1 0.18 0.21 0.24 0.28 0.22 0.22 0.19 0.19 0.20 0.34 0.35 0.35 0.32 0.31 0.24 0.23 0.23 0.22 0.23 0.21 0.20
Benchmarks
Debt to Assets, Competitors2
Linde plc 0.23 0.22 0.21 0.21 0.20 0.17 0.20 0.18 0.19 0.18 0.20 0.20 0.20 0.16 0.16 0.16 0.15

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
Debt to assets = Total debt ÷ Total assets
= 3,235,560 ÷ 17,564,358 = 0.18

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Albemarle Corp. debt to assets ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.

Financial Leverage

Albemarle Corp., financial leverage calculation (quarterly data)

Microsoft Excel
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)
Total assets 17,564,358 15,456,522 13,828,502 12,520,405 11,416,058 10,974,118 10,832,325 10,796,926 10,290,302 10,450,946 10,231,983 10,170,253 9,847,638 9,860,863 8,141,603 8,094,414 7,871,062 7,581,674 7,487,195 7,538,363 7,556,340
Total Albemarle Corporation shareholders’ equity 9,212,735 7,982,627 6,732,636 6,085,291 5,826,600 5,625,266 5,694,116 6,165,549 5,746,384 4,268,227 4,124,881 4,024,472 3,878,004 3,932,250 3,836,559 3,800,801 3,672,274 3,585,321 3,528,844 3,693,576 3,800,310
Solvency Ratio
Financial leverage1 1.91 1.94 2.05 2.06 1.96 1.95 1.90 1.75 1.79 2.45 2.48 2.53 2.54 2.51 2.12 2.13 2.14 2.11 2.12 2.04 1.99
Benchmarks
Financial Leverage, Competitors2
Linde plc 2.01 1.99 1.98 1.96 1.93 1.85 1.90 1.84 1.84 1.86 1.89 1.89 1.88 1.76 1.72 1.72 1.79

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
Financial leverage = Total assets ÷ Total Albemarle Corporation shareholders’ equity
= 17,564,358 ÷ 9,212,735 = 1.91

2 Click competitor name to see calculations.

Solvency ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Albemarle Corp. financial leverage ratio decreased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.

Interest Coverage

Albemarle Corp., interest coverage calculation (quarterly data)

Microsoft Excel
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)
Net income (loss) attributable to Albemarle Corporation 1,238,580 1,132,445 897,215 406,773 253,383 (3,824) (392,781) 424,600 95,677 84,635 98,301 85,624 107,204 90,391 155,070 154,198 133,569 129,596 129,745 302,461 131,760
Add: Net income attributable to noncontrolling interest 38,123 29,341 33,991 33,819 28,164 14,293 18,348 21,608 22,021 17,542 18,744 18,134 16,431 15,852 16,548 20,772 17,957 16,453 13,734 8,225 7,165
Add: Income tax expense 276,963 24,102 196,938 89,018 80,530 15,024 (114,670) 106,985 22,107 (10,101) 30,653 15,431 18,442 (5,105) 25,341 30,411 37,514 11,196 33,167 80,102 20,361
Add: Interest and financing expenses 26,777 24,039 29,691 41,409 27,834 5,306 5,136 7,152 43,882 19,152 19,227 17,852 16,885 22,400 11,108 11,601 12,586 12,571 12,988 13,308 13,538
Earnings before interest and tax (EBIT) 1,580,443 1,209,927 1,157,835 571,019 389,911 30,799 (483,967) 560,345 183,687 111,228 166,925 137,041 158,962 123,538 208,067 216,982 201,626 169,816 189,634 404,096 172,824
Solvency Ratio
Interest coverage1 37.07 27.07 20.62 6.37 10.94 4.73 4.93 11.43 5.98 7.85 7.68 9.20 11.41 13.00 16.64 15.64 18.76 17.87

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
Interest coverage = (EBITQ1 2023 + EBITQ4 2022 + EBITQ3 2022 + EBITQ2 2022) ÷ (Interest expenseQ1 2023 + Interest expenseQ4 2022 + Interest expenseQ3 2022 + Interest expenseQ2 2022)
= (1,580,443 + 1,209,927 + 1,157,835 + 571,019) ÷ (26,777 + 24,039 + 29,691 + 41,409) = 37.07

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Albemarle Corp. interest coverage ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.