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:
ALB'
s Interest Coverage Range Over the Past 10 Years
Min: 4.96 Med: 8.2 Max: 19.33
Current: 12.4
ALB's Interest Coverage is ranked worse than 60.77% of 1216
companies
in the Chemicals industry
Industry Median: 18.45
vs ALB: 12.40
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.
* Premium members only.
Albemarle Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Interest Coverage
4.96
13.38
11.55
6.92
8.17
Albemarle Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Interest Coverage
15.79
25.80
19.07
11.51
10.48
Competitive Comparison
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.
Albemarle Interest Coverage Distribution
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.
Albemarle Interest Coverage Calculation
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:
* 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.
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 .
Albemarle Interest Coverage Related Terms
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.
Albemarle is the world's largest lithium producer. Our outlook for robust lithium demand is predicated upon increased demand for electric vehicle batteries. Albemarle produces lithium from its salt brine deposits in Chile and the U.S. and its hard rock joint venture mines in Australia. Albemarle is also a global leader in the production of bromine, used in flame retardants. The company is also a major producer of oil refining catalysts.
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