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Albemarle (Albemarle) Debt-to-Equity : 0.46 (As of Dec. 2023)


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What is Albemarle Debt-to-Equity?

Albemarle's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $626 Mil. Albemarle's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,655 Mil. Albemarle's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $9,412 Mil. Albemarle's debt to equity for the quarter that ended in Dec. 2023 was 0.45.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Albemarle's Debt-to-Equity or its related term are showing as below:

ALB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.42   Med: 0.56   Max: 2.16
Current: 0.46

During the past 13 years, the highest Debt-to-Equity Ratio of Albemarle was 2.16. The lowest was 0.42. And the median was 0.56.

ALB's Debt-to-Equity is ranked worse than
59.13% of 1397 companies
in the Chemicals industry
Industry Median: 0.35 vs ALB: 0.46

Albemarle Debt-to-Equity Historical Data

The historical data trend for Albemarle's Debt-to-Equity 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.

* Premium members only.

Albemarle Debt-to-Equity Chart

Albemarle Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.81 0.86 0.45 0.42 0.46

Albemarle Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.42 0.35 0.36 0.37 0.46

Competitive Comparison of Albemarle's Debt-to-Equity

For the Specialty Chemicals subindustry, Albemarle's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Albemarle's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Albemarle's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Albemarle's Debt-to-Equity falls into.



Albemarle Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Albemarle's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Albemarle's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Albemarle  (NYSE:ALB) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Albemarle Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Albemarle's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Albemarle (Albemarle) Business Description

Address
4250 Congress Street, Suite 900, Charlotte, NC, USA, 28209
Albemarle is one of the world's largest lithium producers. In the lithium industry, the majority of demand comes from batteries, where lithium is used as the energy storage material, particularly in electric vehicles. Albemarle is a fully integrated lithium producer. Its upstream resources include salt brine deposits in Chile and the U.S. and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the U.S., Australia, and China. Albemarle is a global leader in the production of bromine, used in flame retardants. It is also a major producer of oil refining catalysts.
Executives
Kristin M Coleman officer: EVP, General Counsel 140 HAZEL AVE., GLENCOE IL 60022
Neal Ravi Sheorey officer: Chief Financial Officer 4250 CONGRESS STREET, SUITE 900, CHARLOTTE NC 28209
Michael James Simmons officer: President - Ketjen 301 COMMERCE STREET, SUITE 3200, FORT WORTH TX 76102
Eric Norris officer: President, Lithium 1519 AUDUBON ROAD, CHARLOTTE NC 28211
J Kent Masters director ALBEMARLE CORP., 451 FLORIDA ST, BATON ROUGE LA 70801
Sean B. O'hollaren officer: Chief External Affairs Officer 4250 CONGRESS STREET, SUITE 900, CHARLOTTE NC 28209
Jacobus G. Fourie officer: Chief Capital Projects Officer 4250 CONGRESS STREET, SUITE 900, CHARLOTTE NC 28209
Scott Tozier officer: EVP & CFO ALBEMARLE CORP, 4250 CONGRESS ST STE 900, CHARLOTTE NC 28209
Karen G Narwold officer: EVP, Chief Admin Officer ALBEMARLE CORPORATION, 4250 CONGRESS ST, SUITE 900, CHARLOTTE NC 28209
Raphael Goszcz Crawford officer: President, Catalysts 4311 GREENBRIAR HILLS PLANTATION RD, CHARLOTTE NC 28277
Ralf Hans Cramer director MIERENDORSFSTRASSE 26, BENSHEIM 2M 64625
Netha N. Johnson officer: President, Bromine Specialties 3489 CRESTMOOR DRIVE, WOODBURY MN 55125
Barichivich John Clarence Iii officer: VP, Controller & CAO 4250 CONGRESS ST., SUITE 900, CHARLOTTE NC 28209
Kissam Luther C Iv director, officer: Chairman, President & CEO 3801 BERESFORD ROAD, CHARLOTTE NC 28211
Melissa H. Anderson officer: SVP, Chief HR Officer ALBEMARLE CORPORATION, 4250 CONGRESS ST. SUITE 900, CHARLOTTE NC 28209

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