Ashland Balance Sheet Health
Financial Health criteria checks 4/6
Ashland has a total shareholder equity of $3.1B and total debt of $1.3B, which brings its debt-to-equity ratio to 43.9%. Its total assets and total liabilities are $5.9B and $2.8B respectively. Ashland's EBIT is $114.0M making its interest coverage ratio 2.7. It has cash and short-term investments of $440.0M.
Key information
43.9%
Debt to equity ratio
US$1.34b
Debt
Interest coverage ratio | 2.7x |
Cash | US$440.00m |
Equity | US$3.05b |
Total liabilities | US$2.81b |
Total assets | US$5.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AHT's short term assets ($1.4B) exceed its short term liabilities ($414.0M).
Long Term Liabilities: AHT's short term assets ($1.4B) do not cover its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: AHT's net debt to equity ratio (29.5%) is considered satisfactory.
Reducing Debt: AHT's debt to equity ratio has reduced from 75.8% to 43.9% over the past 5 years.
Debt Coverage: AHT's debt is well covered by operating cash flow (36.8%).
Interest Coverage: AHT's interest payments on its debt are not well covered by EBIT (2.7x coverage).