Albemarle (BSP:A1LB34) Interest Expense : R$-627 Mil (TTM As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

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 R$ -189 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-627 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 R$ -894 Mil. Albemarle's Interest Expense for the three months ended in Mar. 2024 was R$ -189 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.

* Premium members only.

Albemarle Interest Expense Chart

Albemarle Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-236.81

-376.16

-347.64

-645.04

-568.73

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															-139.47	-124.14	-144.86	-168.49	-189.08

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 R$-627 Mil.

Albemarle (BSP:A1LB34) 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 R$-189 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$-894 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$17,526 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 (BSP:A1LB34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Albemarle Corp (BSP:A1LB34) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ALB:USA ALB:Mexico AMC:Germany 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.

Albemarle (BSP:A1LB34) Headlines

No Headlines