Albemarle Corp (ALB)

Financial leverage 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
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
Total stockholders’ equity	US$ in thousands	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	3,932,250	3,836,560	3,800,800	3,672,270
Financial leverage ratio		1.94	1.91	1.95	1.91	1.94	2.05	2.06	1.96	1.95	1.90	1.75	1.79	2.45	2.48	2.53	2.54	2.51	2.12	2.13	2.14

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $18,270,700K ÷ $9,412,180K
= 1.94

The financial leverage ratio of Albemarle Corp. has shown relatively stable values over the past eight quarters, ranging from 1.91 to 2.06. The ratio indicates that, on average, the company's assets are financed with an average of 1.94 times debt.

A financial leverage ratio above 1 suggests that the company relies more on debt to finance its operations and investments, which can amplify returns but also increase financial risk. In the case of Albemarle Corp., the ratios above 1.9 indicate a significant usage of debt in its capital structure.

Overall, the trend shows that the company has been maintaining a fairly consistent level of financial leverage in the recent quarters. It is essential for stakeholders to monitor any significant changes in this ratio as it can impact the company's financial stability and risk profile.