Albemarle Corp (ALB)

Current ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	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
Total current assets	US$ in thousands	3,842,260	4,669,610	5,225,700	5,822,720	5,216,920	7,125,560	7,454,780	6,657,580	5,186,920	4,296,970	3,350,100	2,336,480	1,993,680	2,078,110	2,151,350	2,009,390	2,206,180	2,227,010	2,292,410	2,155,180
Total current liabilities	US$ in thousands	1,966,460	1,910,720	1,958,460	2,050,700	3,560,460	3,941,610	4,291,510	3,505,370	2,741,020	2,487,950	1,781,760	2,103,340	1,874,340	1,591,040	984,928	953,256	1,801,850	1,612,740	1,420,800	1,192,930
Current ratio		1.95	2.44	2.67	2.84	1.47	1.81	1.74	1.90	1.89	1.73	1.88	1.11	1.06	1.31	2.18	2.11	1.22	1.38	1.61	1.81

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $3,842,260K ÷ $1,966,460K
= 1.95

The current ratio of Albemarle Corp fluctuated over the past few years, indicating changes in its liquidity position. It stood at 1.81 as of March 31, 2020, showing that the company had $1.81 in current assets for every $1 in current liabilities.

The ratio decreased to 1.06 by December 31, 2021, signaling potential liquidity challenges. However, by March 31, 2022, the ratio improved to 1.11, suggesting a better ability to meet short-term obligations.

Subsequently, the current ratio increased to 2.84 as of March 31, 2024, reflecting a significant improvement in liquidity compared to previous periods. This surge may indicate a stronger financial position, potentially resulting from increased current assets or decreased current liabilities.

Overall, monitoring Albemarle Corp's current ratio is crucial for assessing its short-term liquidity and ability to cover immediate financial obligations. A ratio above 1 signifies a healthy liquidity position, while a ratio below 1 may raise concerns about the company's ability to meet short-term obligations.