Albemarle is more complex to analyze than PLS. It has Lithium...

Albemarle is more complex to analyze than PLS. It has Lithium mining, refining and other chemicals units.

Yes, both gross debt and net debt were rising untill recently. But then at that time they were still investing heavily in the Lithium space, including the whole LTR saga. If you think investing in Lithium in mid 2023 was a big management mistake, then that's a mistake everyone made. With perfect knowledge from the future they would have done nothing, stacked the cash on the balancesheet and then in 2024 started picking up distressed lithium assets.

The only real mistake I see was the whole LTR saga where they almost overpaid big for a non-producing asset. I think they should be gratefull to Gina that she stopped them.

In he most recent quarter intrest was 29 million, compared to total revenue of 2,3 billion and a 1,8 billion cash balance. The only way Albemarle will have debt issues is if they keep on buying Lithium assets instead of waiting.