Albemarle Corp (ALB)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	9,961,520	10,240,600	11,222,600	11,532,800	9,412,180	9,897,820	9,815,310	9,212,740	7,982,630	6,732,640	6,085,290	5,826,600	5,625,270	5,694,120	6,165,550	5,746,380	4,268,230	4,124,880	4,024,470	3,878,000
Debt-to-capital ratio		0.24	0.26	0.24	0.23	0.27	0.26	0.26	0.26	0.29	0.32	0.35	0.25	0.26	0.26	0.25	0.26	0.39	0.42	0.44	0.44

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,118,140K ÷ ($3,118,140K + $9,961,520K)
= 0.24

The debt-to-capital ratio for Albemarle Corp has exhibited fluctuations over the past few years, ranging from 0.23 to 0.44. The ratio decreased from 0.44 in March 2020 to 0.26 in March 2021, reflecting a significant reduction in debt relative to total capital employed. Subsequently, the ratio remained relatively stable in the range of 0.25 to 0.35 until December 2022.

From December 2022 onwards, there was another apparent decline in the debt-to-capital ratio, reaching a low of 0.23 in March 2024, indicating a decreasing dependence on debt financing compared to total capital. However, the ratio slightly increased to 0.26 by September 2024. Overall, Albemarle Corp's debt-to-capital ratio has shown a downward trend over the analyzed period, suggesting a potential improvement in the company's financial leverage and more conservative capital structure management.