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
Here's Why Ashland (NYSE:ASH) Has A Meaningful Debt Burden
Sep 16
Ashland (NYSE:ASH) Has A Somewhat Strained Balance Sheet
Jun 05These 4 Measures Indicate That Ashland (NYSE:ASH) Is Using Debt Extensively
Feb 01Ashland (NYSE:ASH) Takes On Some Risk With Its Use Of Debt
Oct 06These 4 Measures Indicate That Ashland (NYSE:ASH) Is Using Debt Reasonably Well
Jun 30Recent updates
Ashland Inc.'s (NYSE:ASH) Intrinsic Value Is Potentially 27% Above Its Share Price
Nov 06Here's Why Ashland (NYSE:ASH) Has A Meaningful Debt Burden
Sep 16Returns On Capital At Ashland (NYSE:ASH) Paint A Concerning Picture
Aug 30Ashland's (NYSE:ASH) Soft Earnings Are Actually Better Than They Appear
Aug 15Getting In Cheap On Ashland Inc. (NYSE:ASH) Is Unlikely
Aug 12A Look At The Fair Value Of Ashland Inc. (NYSE:ASH)
Jul 28Why Ashland Inc. (NYSE:ASH) Could Be Worth Watching
Jun 20Ashland (NYSE:ASH) Has A Somewhat Strained Balance Sheet
Jun 05Ashland Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
May 05Be Wary Of Ashland (NYSE:ASH) And Its Returns On Capital
May 02A Look At The Fair Value Of Ashland Inc. (NYSE:ASH)
Apr 16Investors Appear Satisfied With Ashland Inc.'s (NYSE:ASH) Prospects
Apr 01Should You Think About Buying Ashland Inc. (NYSE:ASH) Now?
Mar 16There Might Be More To Ashland's (NYSE:ASH) Story Than Just Weak Earnings
Feb 07These 4 Measures Indicate That Ashland (NYSE:ASH) Is Using Debt Extensively
Feb 01We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Ashland Inc.'s (NYSE:ASH) CEO For Now
Jan 17Ashland Inc.'s (NYSE:ASH) Share Price Matching Investor Opinion
Dec 31Why Ashland Inc. (NYSE:ASH) Could Be Worth Watching
Dec 07Ashland: Poor Results And High Valuation
Dec 04Are Investors Undervaluing Ashland Inc. (NYSE:ASH) By 24%?
Nov 16Ashland (NYSE:ASH) Takes On Some Risk With Its Use Of Debt
Oct 06Ashland Inc.: Slightly Overvalued Even After Recent Pullback
Sep 18Should You Be Adding Ashland (NYSE:ASH) To Your Watchlist Today?
Sep 18At US$86.24, Is It Time To Put Ashland Inc. (NYSE:ASH) On Your Watch List?
Aug 17These 4 Measures Indicate That Ashland (NYSE:ASH) Is Using Debt Reasonably Well
Jun 30Ashland Stock: A Tougher 2023
Jun 23Are Investors Undervaluing Ashland Inc. (NYSE:ASH) By 30%?
Jun 14Does Ashland (NYSE:ASH) Deserve A Spot On Your Watchlist?
May 30Ashland: Strong Performance Despite Macroeconomic Headwinds
May 28Ashland's (NYSE:ASH) Upcoming Dividend Will Be Larger Than Last Year's
May 15Financial Position Analysis
Short Term Liabilities: ASH's short term assets ($1.2B) exceed its short term liabilities ($490.0M).
Long Term Liabilities: ASH's short term assets ($1.2B) do not cover its long term liabilities ($2.3B).
Debt to Equity History and Analysis
Debt Level: ASH's net debt to equity ratio (36.6%) is considered satisfactory.
Reducing Debt: ASH's debt to equity ratio has increased from 46.7% to 47% over the past 5 years.
Debt Coverage: ASH's debt is well covered by operating cash flow (30.5%).
Interest Coverage: ASH's interest payments on its debt are well covered by EBIT (4x coverage).