Albemarle (Albemarle) Interest Expense : $-127 Mil (TTM As of Mar. 2024)

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What is Albemarle Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Albemarle's interest expense for the three months ended in Mar. 2024 was $ -38 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-127 Mil.

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. Albemarle's Operating Income for the three months ended in Mar. 2024 was $ -180 Mil. Albemarle's Interest Expense for the three months ended in Mar. 2024 was $ -38 Mil. Albemarle did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. 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 Interest Expense Historical Data

The historical data trend for Albemarle's Interest Expense 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.

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Albemarle Interest Expense Chart

Albemarle Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-57.70

-73.12

-61.48

-122.97

-116.07

Albemarle Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-26.78	-25.58	-29.33	-34.39	-37.97

Albemarle Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-127 Mil.

Albemarle (NYSE:ALB) Interest Expense Explanation

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 Expense for the three months ended in Mar. 2024 was $-38 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-180 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $3,519 Mil.

Albemarle's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Albemarle did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Albemarle (Albemarle) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Albemarle Corp (NYSE:ALB) » Definitions » Interest Expense

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Traded in Other Exchanges

ALB:Mexico AMC:Germany AMC:Germany AMC:Germany AMC:Germany A1LB34:Brazil ALBE:Austria

Address

4250 Congress Street, Suite 900, Charlotte, NC, USA, 28209

Website

https://www.albemarle.com

Albemarle is one of the world's largest lithium producers. In the lithium industry, the majority of demand comes from batteries, where lithium is used as the energy storage material, particularly in electric vehicles. Albemarle is a fully integrated lithium producer. Its upstream resources include salt brine deposits in Chile and the U.S. and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the U.S., Australia, and China. Albemarle is a global leader in the production of bromine, used in flame retardants. It is also a major producer of oil refining catalysts.

Executives

Kristin M Coleman	officer: EVP, General Counsel	140 HAZEL AVE., GLENCOE IL 60022
Neal Ravi Sheorey	officer: Chief Financial Officer	4250 CONGRESS STREET, SUITE 900, CHARLOTTE NC 28209
Michael James Simmons	officer: President - Ketjen	301 COMMERCE STREET, SUITE 3200, FORT WORTH TX 76102
Eric Norris	officer: President, Lithium	1519 AUDUBON ROAD, CHARLOTTE NC 28211
J Kent Masters	director	ALBEMARLE CORP., 451 FLORIDA ST, BATON ROUGE LA 70801
Sean B. O'hollaren	officer: Chief External Affairs Officer	4250 CONGRESS STREET, SUITE 900, CHARLOTTE NC 28209
Jacobus G. Fourie	officer: Chief Capital Projects Officer	4250 CONGRESS STREET, SUITE 900, CHARLOTTE NC 28209
Scott Tozier	officer: EVP & CFO	ALBEMARLE CORP, 4250 CONGRESS ST STE 900, CHARLOTTE NC 28209
Karen G Narwold	officer: EVP, Chief Admin Officer	ALBEMARLE CORPORATION, 4250 CONGRESS ST, SUITE 900, CHARLOTTE NC 28209
Raphael Goszcz Crawford	officer: President, Catalysts	4311 GREENBRIAR HILLS PLANTATION RD, CHARLOTTE NC 28277
Ralf Hans Cramer	director	MIERENDORSFSTRASSE 26, BENSHEIM 2M 64625
Netha N. Johnson	officer: President, Bromine Specialties	3489 CRESTMOOR DRIVE, WOODBURY MN 55125
Barichivich John Clarence Iii	officer: VP, Controller & CAO	4250 CONGRESS ST., SUITE 900, CHARLOTTE NC 28209
Kissam Luther C Iv	director, officer: Chairman, President & CEO	3801 BERESFORD ROAD, CHARLOTTE NC 28211
Melissa H. Anderson	officer: SVP, Chief HR Officer	ALBEMARLE CORPORATION, 4250 CONGRESS ST. SUITE 900, CHARLOTTE NC 28209