Albemarle Long Term Debt vs Property Plant And Equipment Gross Analysis
ALB-PA Stock | 47.72 2.52 5.02% |
Albemarle financial indicator trend analysis is way more than just evaluating Albemarle prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Albemarle is a good investment. Please check the relationship between Albemarle Long Term Debt and its Property Plant And Equipment Gross accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Albemarle. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Long Term Debt vs Property Plant And Equipment Gross
Long Term Debt vs Property Plant And Equipment Gross Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Albemarle Long Term Debt account and Property Plant And Equipment Gross. At this time, the significance of the direction appears to have strong relationship.
The correlation between Albemarle's Long Term Debt and Property Plant And Equipment Gross is 0.71. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Property Plant And Equipment Gross in the same time period over historical financial statements of Albemarle, assuming nothing else is changed. The correlation between historical values of Albemarle's Long Term Debt and Property Plant And Equipment Gross is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Albemarle are associated (or correlated) with its Property Plant And Equipment Gross. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Gross has no effect on the direction of Long Term Debt i.e., Albemarle's Long Term Debt and Property Plant And Equipment Gross go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Long Term Debt
Long-term debt is a debt that Albemarle has held for over one year. Long-term debt appears on Albemarle balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Albemarle balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Property Plant And Equipment Gross
Most indicators from Albemarle's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Albemarle current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Albemarle. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. As of November 15, 2024, Tax Provision is expected to decline to about 248.8 M. In addition to that, Selling General Administrative is expected to decline to about 636.6 M
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 998.0M | 3.1B | 1.2B | 1.7B | Total Revenue | 3.3B | 7.3B | 9.6B | 6.4B |
Albemarle fundamental ratios Correlations
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Albemarle Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of Albemarle at a specified time, usually calculated after every quarter, six months, or one year. Albemarle Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Albemarle and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Albemarle currently owns. An asset can also be divided into two categories, current and non-current.