Albemarle Balance Sheet Health
Financial Health criteria checks 6/6
Albemarle has a total shareholder equity of $9.7B and total debt of $4.1B, which brings its debt-to-equity ratio to 42%. Its total assets and total liabilities are $18.3B and $8.6B respectively. Albemarle's EBIT is $467.1M making its interest coverage ratio 4.8. It has cash and short-term investments of $889.9M.
Key information
42.0%
Debt to equity ratio
US$4.06b
Debt
Interest coverage ratio | 4.8x |
Cash | US$889.90m |
Equity | US$9.67b |
Total liabilities | US$8.61b |
Total assets | US$18.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0HC7's short term assets ($5.2B) exceed its short term liabilities ($3.6B).
Long Term Liabilities: 0HC7's short term assets ($5.2B) exceed its long term liabilities ($5.0B).
Debt to Equity History and Analysis
Debt Level: 0HC7's net debt to equity ratio (32.8%) is considered satisfactory.
Reducing Debt: 0HC7's debt to equity ratio has reduced from 45.2% to 42% over the past 5 years.
Debt Coverage: 0HC7's debt is well covered by operating cash flow (32.7%).
Interest Coverage: 0HC7's interest payments on its debt are well covered by EBIT (4.8x coverage).