Ashland Balance Sheet Health
Financial Health criteria checks 4/6
Ashland has a total shareholder equity of $2.9B and total debt of $1.3B, which brings its debt-to-equity ratio to 47%. Its total assets and total liabilities are $5.6B and $2.8B respectively. Ashland's EBIT is $171.0M making its interest coverage ratio 4. It has cash and short-term investments of $300.0M.
Key information
47.0%
Debt to equity ratio
US$1.35b
Debt
| Interest coverage ratio | 4x |
| Cash | US$300.00m |
| Equity | US$2.87b |
| Total liabilities | US$2.78b |
| Total assets | US$5.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AHT's short term assets ($1.2B) exceed its short term liabilities ($490.0M).
Long Term Liabilities: AHT's short term assets ($1.2B) do not cover its long term liabilities ($2.3B).
Debt to Equity History and Analysis
Debt Level: AHT's net debt to equity ratio (36.6%) is considered satisfactory.
Reducing Debt: AHT's debt to equity ratio has increased from 46.7% to 47% over the past 5 years.
Debt Coverage: AHT's debt is well covered by operating cash flow (30.5%).
Interest Coverage: AHT's interest payments on its debt are well covered by EBIT (4x coverage).