Market Cap : 32.98 B | Enterprise Value : 35.51 B | PE Ratio : 126.83 | PB Ratio : 5.42 |
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Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Albemarle's Operating Income for the three months ended in Jun. 2022 was $434 Mil. Albemarle's Interest Expense for the three months ended in Jun. 2022 was $-41 Mil. Albemarle's interest coverage for the quarter that ended in Jun. 2022 was 10.48. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Albemarle's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Albemarle's Interest Coverage can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Specialty Chemicals subindustry, Albemarle's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Chemicals industry and Basic Materials sector, Albemarle's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Albemarle's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
If Interest Expense is negative and Operating Income is positive, then
Interest Coverage | = | -1 | * | Operating Income | / | Interest Expense |
Else if Interest Expense is negative and Operating Income is negative, then
The company did not have earnings to cover the interest expense. |
Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then
The company had no debt. |
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Albemarle's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as
Here, for the fiscal year that ended in Dec. 2021, Albemarle's Interest Expense was $-61 Mil. Its Operating Income was $502 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,131 Mil.
Interest Coverage | = | -1 | * | Operating Income (A: Dec. 2021 ) | / | Interest Expense (A: Dec. 2021 ) |
= | -1 | * | 502.463 | / | -61.476 | |
= | 8.17 |
Albemarle's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as
Here, for the three months ended in Jun. 2022, Albemarle's Interest Expense was $-41 Mil. Its Operating Income was $434 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,206 Mil.
Interest Coverage | = | -1 | * | Operating Income (Q: Jun. 2022 ) | / | Interest Expense (Q: Jun. 2022 ) |
= | -1 | * | 434.096 | / | -41.409 | |
= | 10.48 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The higher the ratio, the stronger the company's Financial Strength is.
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Thank you for viewing the detailed overview of Albemarle's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Cramer Ralf Hans | director | MIERENDORSFSTRASSE 26 BENSHEIM 2M 64625 |
Anderson Melissa H. | officer: SVP, Chief HR Officer | ALBEMARLE CORPORATION 4250 CONGRESS ST. SUITE 900 CHARLOTTE NC 28209 |
Barichivich John Clarence Iii | officer: VP, Controller & CAO | 4250 CONGRESS ST. SUITE 900 CHARLOTTE NC 28209 |
Minor Glenda J | director | 17000 ROTUNDA DRIVE DEARBORN MI 48120 |
Van Deursen Holly | director | 21211 NORDHOFF STREET CHATSWORTH CA 91311 |
Johnson Netha N. | officer: President, Bromine Specialties | 3489 CRESTMOOR DRIVE WOODBURY MN 55125 |
Crawford Raphael Goszcz | officer: President, Catalysts | 4311 GREENBRIAR HILLS PLANTATION RD CHARLOTTE NC 28277 |
Marlow Deeanne J | officer: SVP, Chief HR Officer | 4250 CONGRESS STREET SUITE 900 CHARLOTTE NC 28209 |
Norris Eric | officer: President, Lithium | 1519 AUDUBON ROAD CHARLOTTE NC 28211 |
Ryan David Terrence | officer: VP, Corp. Strategy & IR | 8904 HIGHFIELD ROAD RICHMOND VA 23229 |
Maine Douglas L | director | ALBEMARLE CORP 451 FLORIDA ST BATON ROUGE LA 70801 |
Hernandez William H | director | 5500 WAYZATA BLVD. SUITE 800 GOLDEN VALLEY MN 55416 |
Wolff Alejandro Daniel | director | ALBEMARLE CORP. 451 FLORIDA ST BATON ROUGE LA 70801 |
Masters J Kent | director | ALBEMARLE CORP. 451 FLORIDA ST BATON ROUGE LA 70801 |
Brlas Laurie | director | C/O ALBEMARLE CORPORATION 4250 CONGRESS ST STE 900 CHARLOTTE NC 28209 |
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