• Albemarle average current ratio for 2023 was 1.73, a 4.85% increase from 2022.
• Albemarle average current ratio for 2022 was 1.65, a 1.2% increase from 2021.
• Albemarle average current ratio for 2021 was 1.67, a 10.6% decline from 2020.

Current ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations.