Albemarle Corp (ALB)

Debt-to-equity 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-equity ratio		0.31	0.35	0.31	0.31	0.38	0.35	0.36	0.35	0.40	0.46	0.53	0.34	0.36	0.36	0.33	0.35	0.65	0.71	0.78	0.80

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,118,140K ÷ $9,961,520K
= 0.31

The debt-to-equity ratio of Albemarle Corp has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio declined from 0.80 in March 2020 to 0.31 by the end of December 2024. This downward trend indicates that the company has been reducing its reliance on debt to finance its operations in favor of equity financing. A lower debt-to-equity ratio generally signifies a healthier financial position, as it suggests a lower level of financial risk and leverage. However, it is important to note that a very low debt-to-equity ratio may also indicate underutilization of debt for capital growth opportunities. Overall, the decreasing trend in Albemarle Corp's debt-to-equity ratio indicates a positive shift towards a more balanced and sustainable capital structure.