Albemarle Corporation

Albemarle Corporationverified

ALB

Price:

$76.9

Market Cap:

$9.04B

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Lithium, Bromine, and Catalysts. The Lithium segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties; and reagents, such as butyllithium and lithium aluminum hydride for use in lithium batteries for consumer electronics and electric vehicles, high performance greases, thermoplastic elastomers for car tires, rubber soles, plastic bottles, catalysts for chemical reactions, organic synthesis processes in the areas of steroid chemistry and vitamins, life sciences, pharmaceutical industry, and ot...[Read more]

Industry

Chemicals - Specialty

IPO Date

1994-02-22

Stock Exchange

NYSE

Ticker

ALB

The Current Ratio as of September 2024 (TTM) for Albemarle Corporation (ALB) is 2.67

According to Albemarle Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 2.67. This represents a change of 21.55% compared to the average of 2.20 of the last 4 quarters.

Albemarle Corporation (ALB) Historical Current Ratio (quarterly & annually)

How has ALB Current Ratio performed in the past?

The mean historical Current Ratio of Albemarle Corporation over the last ten years is 1.80. The current 2.67 Current Ratio has changed 14.76% with respect to the historical average. Over the past ten years (40 quarters), ALB's Current Ratio was at its highest in in the December 2014 quarter at 2.94. The Current Ratio was at its lowest in in the December 2021 quarter at 1.07.

Quarterly (TTM)
Annual

Average

1.80

Median

1.63

Minimum

1.07

Maximum

2.94

Albemarle Corporation (ALB) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Albemarle Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 156.08%

Maximum Annual Current Ratio = 2.94

Minimum Annual Increase = -61.45%

Minimum Annual Current Ratio = 1.07

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.47-22.57%
20221.8976.64%
20211.07-12.50%
20201.22-22.47%
20191.58-6.50%
20181.69-18.13%
20172.06-28.87%
20162.90156.08%
20151.13-61.45%
20142.94-13.55%

Albemarle Corporation (ALB) Average Current Ratio

How has ALB Current Ratio performed in the past?

The current Current Ratio of Albemarle Corporation (ALB) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

1.48

5-year avg

1.45

10-year avg

1.80

Albemarle Corporation (ALB) Current Ratio vs. Peers

How is ALB’s Current Ratio compared to its peers?

Albemarle Corporation’s Current Ratio is less than Livent Corporation (3.46), greater than Linde plc (0.95), greater than Air Products and Chemicals, Inc. (1.27), greater than DuPont de Nemours, Inc. (2.21), greater than Sociedad Química y Minera de Chile S.A. (2.19), less than Gevo, Inc. (10.22), greater than PPG Industries, Inc. (1.49), greater than The Sherwin-Williams Company (0.81), greater than Ecolab Inc. (1.50), greater than LyondellBasell Industries N.V. (2.10),

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