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
We Think Albemarle (NYSE:ALB) Can Stay On Top Of Its Debt
Jan 15Is Albemarle (NYSE:ALB) Using Too Much Debt?
Oct 09Is Albemarle (NYSE:ALB) A Risky Investment?
Jun 19Here's Why Albemarle (NYSE:ALB) Can Manage Its Debt Responsibly
Mar 13Recent updates
At US$119, Is It Time To Put Albemarle Corporation (NYSE:ALB) On Your Watch List?
Mar 27Albemarle Is Losing Money, Lithium Market Turnaround Is Near (Rating Upgrade)
Mar 26Albemarle: When A Growth Stock Was A Cyclical Stock All Along (Rating Upgrade)
Mar 04Albemarle (NYSE:ALB) Is Due To Pay A Dividend Of $0.40
Feb 26Albemarle's (NYSE:ALB) Conservative Accounting Might Explain Soft Earnings
Feb 22Need To Know: Analysts Just Made A Substantial Cut To Their Albemarle Corporation (NYSE:ALB) Estimates
Feb 16Albemarle: It's Time To Look At Lithium
Feb 05Albemarle: Overvaluation Amid Current Headwinds
Jan 30Calculating The Intrinsic Value Of Albemarle Corporation (NYSE:ALB)
Jan 28Albemarle: There May Be More Pain
Jan 20We Think Albemarle (NYSE:ALB) Can Stay On Top Of Its Debt
Jan 15Albemarle: Take Advantage Of Lithium's Rocky Run
Jan 10Investors Don't See Light At End Of Albemarle Corporation's (NYSE:ALB) Tunnel
Jan 01Albemarle: Buy This Dirt-Cheap Dividend Aristocrat Before Everyone Else Does
Dec 15Rare Stock Picks In November 2023 - From 31 Discerning Analysts
Dec 07Is Now The Time To Look At Buying Albemarle Corporation (NYSE:ALB)?
Dec 06Albemarle: More Pain Short Term
Nov 29Returns Are Gaining Momentum At Albemarle (NYSE:ALB)
Nov 08I Recently Bought Albemarle Stock And Here Is My Strategy
Nov 07Is Albemarle Stock A Buy Amid Electric Car Market Expansion
Oct 27Albemarle (NYSE:ALB) Is Paying Out A Dividend Of $0.40
Oct 27Albemarle: Lithium Weakness Will Pass
Oct 19Albemarle: Bottoming And Heading Higher From Here
Oct 13Is Albemarle (NYSE:ALB) Using Too Much Debt?
Oct 09Albemarle: Bigger Is Not Always Better
Oct 02Is Now The Time To Put Albemarle (NYSE:ALB) On Your Watchlist?
Sep 25Albemarle: Top Of The Cycle, Bottom Of The Trough
Sep 14Albemarle's Big Purchase Sets It Up For Long-Term Success
Sep 06Should You Investigate Albemarle Corporation (NYSE:ALB) At US$190?
Aug 26Albemarle: The Gift Is Back As Shares Plunge
Aug 25We Like Albemarle's (NYSE:ALB) Returns And Here's How They're Trending
Jul 31Albemarle And SQM: These Amazing Stocks Entered High Quality And Bad Momentum Screener
Jul 31Albemarle Vs. SQM: Better Lithium Investment
Jul 25Albemarle: Shares Attractive On Valuation, But Bearish Technical Trends Seen
Jun 23Is Albemarle (NYSE:ALB) A Risky Investment?
Jun 19Albemarle: Great Growth Prospects, But Valuations Make It A Hold
May 23Here's Why Albemarle (NYSE:ALB) Has Caught The Eye Of Investors
May 23Albemarle (NYSE:ALB) Is Very Good At Capital Allocation
Apr 22Why Albemarle Corporation (NYSE:ALB) Could Be Worth Watching
Apr 10Here's Why Albemarle (NYSE:ALB) Can Manage Its Debt Responsibly
Mar 13Albemarle raises dividend by 1.3% to $0.40
Feb 23Albemarle: A Picks And Shovels Play (Literally) For The EV Revolution
Feb 07Industry Analysts Just Made A Captivating Upgrade To Their Albemarle Corporation (NYSE:ALB) Revenue Forecasts
Feb 01Albemarle: Just The Start
Jan 31Does Albemarle (NYSE:ALB) Deserve A Spot On Your Watchlist?
Jan 23Financial Position Analysis
Short Term Liabilities: ALB's short term assets ($5.2B) exceed its short term liabilities ($3.6B).
Long Term Liabilities: ALB's short term assets ($5.2B) exceed its long term liabilities ($5.0B).
Debt to Equity History and Analysis
Debt Level: ALB's net debt to equity ratio (32.8%) is considered satisfactory.
Reducing Debt: ALB's debt to equity ratio has reduced from 45.2% to 42% over the past 5 years.
Debt Coverage: ALB's debt is well covered by operating cash flow (32.7%).
Interest Coverage: ALB's interest payments on its debt are well covered by EBIT (4.8x coverage).