Albemarle Corp (ALB)

Debt-to-assets 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
Long-term debt	US$ in thousands	3,118,140	3,565,990	3,519,500	3,519,450	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
Total assets	US$ in thousands	16,609,600	17,455,200	18,388,300	19,032,300	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
Debt-to-assets ratio		0.19	0.20	0.19	0.18	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

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,118,140K ÷ $16,609,600K
= 0.19

The debt-to-assets ratio of Albemarle Corp has shown a declining trend from 0.32 as of March 31, 2020, to 0.19 as of December 31, 2024. This indicates that the company has been reducing its level of debt relative to its total assets over the period, which is generally a positive sign as it suggests improved financial stability and lower financial risk. However, there was a slight increase in the ratio in the middle of 2022, reaching 0.26, before once again trending downward. Overall, the decreasing trend in the debt-to-assets ratio reflects a stronger financial position for Albemarle Corp in terms of its leverage and debt management.