Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Albemarle Corp., solvency ratios (quarterly data)
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Albemarle Corp. debt to equity ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Albemarle Corp. debt to capital ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Albemarle Corp. debt to assets ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Albemarle Corp. financial leverage ratio decreased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Albemarle Corp. interest coverage ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Debt to Equity
Albemarle Corp., debt to equity calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Current portion of long-term debt | 2,167) | 2,128) | 251,216) | 251,304) | 503,795) | 389,920) | 611) | 623) | 616) | 804,677) | 603,787) | 406,201) | 35,615) | 187,336) | 539,960) | 490,691) | 425,684) | 307,294) | 286,188) | 208,681) | 39,216) | |||||||
| Long-term debt, excluding current portion | 3,233,393) | 3,214,972) | 3,118,753) | 3,205,730) | 1,985,696) | 2,004,319) | 2,021,487) | 2,043,794) | 2,030,032) | 2,767,381) | 2,940,533) | 3,132,191) | 3,105,225) | 2,862,921) | 1,381,984) | 1,398,419) | 1,393,904) | 1,397,916) | 1,411,605) | 1,406,724) | 1,436,852) | |||||||
| Total debt | 3,235,560) | 3,217,100) | 3,369,969) | 3,457,034) | 2,489,491) | 2,394,239) | 2,022,098) | 2,044,417) | 2,030,648) | 3,572,058) | 3,544,320) | 3,538,392) | 3,140,840) | 3,050,257) | 1,921,944) | 1,889,110) | 1,819,588) | 1,705,210) | 1,697,793) | 1,615,405) | 1,476,068) | |||||||
| Total Albemarle Corporation shareholders’ equity | 9,212,735) | 7,982,627) | 6,732,636) | 6,085,291) | 5,826,600) | 5,625,266) | 5,694,116) | 6,165,549) | 5,746,384) | 4,268,227) | 4,124,881) | 4,024,472) | 3,878,004) | 3,932,250) | 3,836,559) | 3,800,801) | 3,672,274) | 3,585,321) | 3,528,844) | 3,693,576) | 3,800,310) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to equity1 | 0.35 | 0.40 | 0.50 | 0.57 | 0.43 | 0.43 | 0.36 | 0.33 | 0.35 | 0.84 | 0.86 | 0.88 | 0.81 | 0.78 | 0.50 | 0.50 | 0.50 | 0.48 | 0.48 | 0.44 | 0.39 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | ||||||||||||||||||||||||||||
| Linde plc | 0.47 | 0.45 | 0.41 | 0.40 | 0.38 | 0.32 | 0.38 | 0.34 | 0.34 | 0.34 | 0.39 | 0.38 | 0.38 | — | — | — | — | — | — | — | — | |||||||
| Sherwin-Williams Co. | 3.50 | 3.41 | 4.06 | 4.77 | 4.74 | 3.95 | 3.34 | 3.19 | 2.96 | 2.30 | 1.97 | 2.29 | 2.97 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Debt to equity = Total debt ÷ Total Albemarle Corporation shareholders’ equity
= 3,235,560 ÷ 9,212,735 = 0.35
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Albemarle Corp. debt to equity ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Debt to Capital
Albemarle Corp., debt to capital calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Current portion of long-term debt | 2,167) | 2,128) | 251,216) | 251,304) | 503,795) | 389,920) | 611) | 623) | 616) | 804,677) | 603,787) | 406,201) | 35,615) | 187,336) | 539,960) | 490,691) | 425,684) | 307,294) | 286,188) | 208,681) | 39,216) | |||||||
| Long-term debt, excluding current portion | 3,233,393) | 3,214,972) | 3,118,753) | 3,205,730) | 1,985,696) | 2,004,319) | 2,021,487) | 2,043,794) | 2,030,032) | 2,767,381) | 2,940,533) | 3,132,191) | 3,105,225) | 2,862,921) | 1,381,984) | 1,398,419) | 1,393,904) | 1,397,916) | 1,411,605) | 1,406,724) | 1,436,852) | |||||||
| Total debt | 3,235,560) | 3,217,100) | 3,369,969) | 3,457,034) | 2,489,491) | 2,394,239) | 2,022,098) | 2,044,417) | 2,030,648) | 3,572,058) | 3,544,320) | 3,538,392) | 3,140,840) | 3,050,257) | 1,921,944) | 1,889,110) | 1,819,588) | 1,705,210) | 1,697,793) | 1,615,405) | 1,476,068) | |||||||
| Total Albemarle Corporation shareholders’ equity | 9,212,735) | 7,982,627) | 6,732,636) | 6,085,291) | 5,826,600) | 5,625,266) | 5,694,116) | 6,165,549) | 5,746,384) | 4,268,227) | 4,124,881) | 4,024,472) | 3,878,004) | 3,932,250) | 3,836,559) | 3,800,801) | 3,672,274) | 3,585,321) | 3,528,844) | 3,693,576) | 3,800,310) | |||||||
| Total capital | 12,448,295) | 11,199,727) | 10,102,605) | 9,542,325) | 8,316,091) | 8,019,505) | 7,716,214) | 8,209,966) | 7,777,032) | 7,840,285) | 7,669,201) | 7,562,864) | 7,018,844) | 6,982,507) | 5,758,503) | 5,689,911) | 5,491,862) | 5,290,531) | 5,226,637) | 5,308,981) | 5,276,378) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to capital1 | 0.26 | 0.29 | 0.33 | 0.36 | 0.30 | 0.30 | 0.26 | 0.25 | 0.26 | 0.46 | 0.46 | 0.47 | 0.45 | 0.44 | 0.33 | 0.33 | 0.33 | 0.32 | 0.32 | 0.30 | 0.28 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | ||||||||||||||||||||||||||||
| Linde plc | 0.32 | 0.31 | 0.29 | 0.29 | 0.28 | 0.24 | 0.27 | 0.25 | 0.25 | 0.25 | 0.28 | 0.28 | 0.27 | — | — | — | — | — | — | — | — | |||||||
| Sherwin-Williams Co. | 0.78 | 0.77 | 0.80 | 0.83 | 0.83 | 0.80 | 0.77 | 0.76 | 0.75 | 0.70 | 0.66 | 0.70 | 0.75 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 3,235,560 ÷ 12,448,295 = 0.26
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Albemarle Corp. debt to capital ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Debt to Assets
Albemarle Corp., debt to assets calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Current portion of long-term debt | 2,167) | 2,128) | 251,216) | 251,304) | 503,795) | 389,920) | 611) | 623) | 616) | 804,677) | 603,787) | 406,201) | 35,615) | 187,336) | 539,960) | 490,691) | 425,684) | 307,294) | 286,188) | 208,681) | 39,216) | |||||||
| Long-term debt, excluding current portion | 3,233,393) | 3,214,972) | 3,118,753) | 3,205,730) | 1,985,696) | 2,004,319) | 2,021,487) | 2,043,794) | 2,030,032) | 2,767,381) | 2,940,533) | 3,132,191) | 3,105,225) | 2,862,921) | 1,381,984) | 1,398,419) | 1,393,904) | 1,397,916) | 1,411,605) | 1,406,724) | 1,436,852) | |||||||
| Total debt | 3,235,560) | 3,217,100) | 3,369,969) | 3,457,034) | 2,489,491) | 2,394,239) | 2,022,098) | 2,044,417) | 2,030,648) | 3,572,058) | 3,544,320) | 3,538,392) | 3,140,840) | 3,050,257) | 1,921,944) | 1,889,110) | 1,819,588) | 1,705,210) | 1,697,793) | 1,615,405) | 1,476,068) | |||||||
| Total assets | 17,564,358) | 15,456,522) | 13,828,502) | 12,520,405) | 11,416,058) | 10,974,118) | 10,832,325) | 10,796,926) | 10,290,302) | 10,450,946) | 10,231,983) | 10,170,253) | 9,847,638) | 9,860,863) | 8,141,603) | 8,094,414) | 7,871,062) | 7,581,674) | 7,487,195) | 7,538,363) | 7,556,340) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to assets1 | 0.18 | 0.21 | 0.24 | 0.28 | 0.22 | 0.22 | 0.19 | 0.19 | 0.20 | 0.34 | 0.35 | 0.35 | 0.32 | 0.31 | 0.24 | 0.23 | 0.23 | 0.22 | 0.23 | 0.21 | 0.20 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | ||||||||||||||||||||||||||||
| Linde plc | 0.23 | 0.22 | 0.21 | 0.21 | 0.20 | 0.17 | 0.20 | 0.18 | 0.19 | 0.18 | 0.20 | 0.20 | 0.20 | — | — | — | — | — | — | — | — | |||||||
| Sherwin-Williams Co. | 0.48 | 0.47 | 0.47 | 0.48 | 0.49 | 0.47 | 0.43 | 0.44 | 0.45 | 0.41 | 0.40 | 0.43 | 0.47 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Debt to assets = Total debt ÷ Total assets
= 3,235,560 ÷ 17,564,358 = 0.18
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Albemarle Corp. debt to assets ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Financial Leverage
Albemarle Corp., financial leverage calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Total assets | 17,564,358) | 15,456,522) | 13,828,502) | 12,520,405) | 11,416,058) | 10,974,118) | 10,832,325) | 10,796,926) | 10,290,302) | 10,450,946) | 10,231,983) | 10,170,253) | 9,847,638) | 9,860,863) | 8,141,603) | 8,094,414) | 7,871,062) | 7,581,674) | 7,487,195) | 7,538,363) | 7,556,340) | |||||||
| Total Albemarle Corporation shareholders’ equity | 9,212,735) | 7,982,627) | 6,732,636) | 6,085,291) | 5,826,600) | 5,625,266) | 5,694,116) | 6,165,549) | 5,746,384) | 4,268,227) | 4,124,881) | 4,024,472) | 3,878,004) | 3,932,250) | 3,836,559) | 3,800,801) | 3,672,274) | 3,585,321) | 3,528,844) | 3,693,576) | 3,800,310) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Financial leverage1 | 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 | 2.11 | 2.12 | 2.04 | 1.99 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | ||||||||||||||||||||||||||||
| Linde plc | 2.01 | 1.99 | 1.98 | 1.96 | 1.93 | 1.85 | 1.90 | 1.84 | 1.84 | 1.86 | 1.89 | 1.89 | 1.88 | — | — | — | — | — | — | — | — | |||||||
| Sherwin-Williams Co. | 7.30 | 7.28 | 8.56 | 9.91 | 9.73 | 8.48 | 7.71 | 7.22 | 6.64 | 5.65 | 4.95 | 5.30 | 6.25 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Financial leverage = Total assets ÷ Total Albemarle Corporation shareholders’ equity
= 17,564,358 ÷ 9,212,735 = 1.91
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Albemarle Corp. financial leverage ratio decreased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Interest Coverage
Albemarle Corp., interest coverage calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Net income (loss) attributable to Albemarle Corporation | 1,238,580) | 1,132,445) | 897,215) | 406,773) | 253,383) | (3,824) | (392,781) | 424,600) | 95,677) | 84,635) | 98,301) | 85,624) | 107,204) | 90,391) | 155,070) | 154,198) | 133,569) | 129,596) | 129,745) | 302,461) | 131,760) | |||||||
| Add: Net income attributable to noncontrolling interest | 38,123) | 29,341) | 33,991) | 33,819) | 28,164) | 14,293) | 18,348) | 21,608) | 22,021) | 17,542) | 18,744) | 18,134) | 16,431) | 15,852) | 16,548) | 20,772) | 17,957) | 16,453) | 13,734) | 8,225) | 7,165) | |||||||
| Add: Income tax expense | 276,963) | 24,102) | 196,938) | 89,018) | 80,530) | 15,024) | (114,670) | 106,985) | 22,107) | (10,101) | 30,653) | 15,431) | 18,442) | (5,105) | 25,341) | 30,411) | 37,514) | 11,196) | 33,167) | 80,102) | 20,361) | |||||||
| Add: Interest and financing expenses | 26,777) | 24,039) | 29,691) | 41,409) | 27,834) | 5,306) | 5,136) | 7,152) | 43,882) | 19,152) | 19,227) | 17,852) | 16,885) | 22,400) | 11,108) | 11,601) | 12,586) | 12,571) | 12,988) | 13,308) | 13,538) | |||||||
| Earnings before interest and tax (EBIT) | 1,580,443) | 1,209,927) | 1,157,835) | 571,019) | 389,911) | 30,799) | (483,967) | 560,345) | 183,687) | 111,228) | 166,925) | 137,041) | 158,962) | 123,538) | 208,067) | 216,982) | 201,626) | 169,816) | 189,634) | 404,096) | 172,824) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Interest coverage1 | 37.07 | 27.07 | 20.62 | 6.37 | 10.94 | 4.73 | 4.93 | 11.43 | 5.98 | 7.85 | 7.68 | 9.20 | 11.41 | 13.00 | 16.64 | 15.64 | 18.76 | 17.87 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | ||||||||||||||||||||||||||||
| Sherwin-Williams Co. | 7.62 | 7.58 | 7.50 | 7.07 | 7.47 | 7.72 | 8.35 | 9.14 | 8.81 | 8.40 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Interest coverage
= (EBITQ1 2023
+ EBITQ4 2022
+ EBITQ3 2022
+ EBITQ2 2022)
÷ (Interest expenseQ1 2023
+ Interest expenseQ4 2022
+ Interest expenseQ3 2022
+ Interest expenseQ2 2022)
= (1,580,443 + 1,209,927 + 1,157,835 + 571,019)
÷ (26,777 + 24,039 + 29,691 + 41,409)
= 37.07
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Albemarle Corp. interest coverage ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |