Albemarle Balance Sheet Health
Financial Health criteria checks 5/6
Albemarle has a total shareholder equity of $11.8B and total debt of $3.4B, which brings its debt-to-equity ratio to 29%. Its total assets and total liabilities are $19.0B and $7.2B respectively.
Key information
29.0%
Debt to equity ratio
US$3.42b
Debt
Interest coverage ratio | n/a |
Cash | US$2.06b |
Equity | US$11.80b |
Total liabilities | US$7.23b |
Total assets | US$19.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: A1LB34's short term assets ($5.8B) exceed its short term liabilities ($2.1B).
Long Term Liabilities: A1LB34's short term assets ($5.8B) exceed its long term liabilities ($5.2B).
Debt to Equity History and Analysis
Debt Level: A1LB34's net debt to equity ratio (11.6%) is considered satisfactory.
Reducing Debt: A1LB34's debt to equity ratio has reduced from 47% to 29% over the past 5 years.
Debt Coverage: A1LB34's debt is well covered by operating cash flow (20.5%).
Interest Coverage: Insufficient data to determine if A1LB34's interest payments on its debt are well covered by EBIT.