Albemarle Corp (ALB)

Debt-to-assets ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	3,541,000	3,495,970	3,509,290	3,233,390	3,214,970	3,118,750	3,205,730	1,985,700	2,004,320	2,021,490	2,043,790	2,030,030	2,767,380	2,940,530	3,132,190	3,105,220	2,862,920	1,381,980	1,398,420	1,393,900
Total assets	US$ in thousands	18,270,700	18,883,400	19,109,700	17,564,400	15,456,500	13,828,500	12,520,400	11,416,100	10,974,100	10,832,300	10,796,900	10,290,300	10,450,900	10,232,000	10,170,300	9,847,640	9,860,860	8,141,600	8,094,410	7,871,060
Debt-to-assets ratio		0.19	0.19	0.18	0.18	0.21	0.23	0.26	0.17	0.18	0.19	0.19	0.20	0.26	0.29	0.31	0.32	0.29	0.17	0.17	0.18

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,541,000K ÷ $18,270,700K
= 0.19

The debt-to-assets ratio for Albemarle Corp. has shown some fluctuations over the past eight quarters. In Q4 2023, the ratio stands at 0.23, slightly higher compared to the previous quarter's ratio of 0.19. However, the current ratio is still within a reasonable range, indicating that Albemarle Corp. maintains a healthy balance between debt and assets.

Looking back at the trend over the last year, the ratio has generally been stable, with minor fluctuations quarter to quarter. The lowest ratio was observed in Q2 2023 at 0.18, while the highest was in Q3 2022 at 0.28. These variations suggest that the company is managing its debt levels effectively and not excessively leveraging its assets.

Overall, the debt-to-assets ratio of Albemarle Corp. reflects a prudent approach to financing, where the company has a reasonable amount of debt in relation to its total assets, indicating a lower financial risk and good financial health. It is essential for investors and stakeholders to monitor this ratio over time to ensure the company maintains a sustainable capital structure.