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 42.4%. Its total assets and total liabilities are $5.9B and $2.8B respectively. Ashland's EBIT is $50.0M making its interest coverage ratio 1.2. It has cash and short-term investments of $439.0M.
Key information
42.4%
Debt to equity ratio
US$1.33b
Debt
| Interest coverage ratio | 1.2x |
| Cash | US$439.00m |
| Equity | US$3.13b |
| Total liabilities | US$2.81b |
| Total assets | US$5.95b |
Recent financial health updates
Ashland (NYSE:ASH) Has A Somewhat Strained Balance Sheet
Jun 05
These 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 30Does Ashland (NYSE:ASH) Have A Healthy Balance Sheet?
Feb 27Ashland (NYSE:ASH) Seems To Use Debt Quite Sensibly
Nov 18Recent updates
Why 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 15Are Investors Undervaluing Ashland Inc. (NYSE:ASH) By 35%?
Mar 14Does Ashland (NYSE:ASH) Have A Healthy Balance Sheet?
Feb 27Ashland: Risen From The Ashes
Feb 23Does Ashland (NYSE:ASH) Deserve A Spot On Your Watchlist?
Feb 11Ashland Q1 2023 Earnings Preview
Jan 30Ashland declares $0.335 dividend
Jan 23At US$108, Is Ashland Inc. (NYSE:ASH) Worth Looking At Closely?
Dec 26Is Ashland Inc. (NYSE:ASH) Trading At A 34% Discount?
Dec 09Ashland (NYSE:ASH) Seems To Use Debt Quite Sensibly
Nov 18Financial Position Analysis
Short Term Liabilities: ASH's short term assets ($1.4B) exceed its short term liabilities ($453.0M).
Long Term Liabilities: ASH's short term assets ($1.4B) do not cover its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: ASH's net debt to equity ratio (28.4%) is considered satisfactory.
Reducing Debt: ASH's debt to equity ratio has reduced from 75.4% to 42.4% over the past 5 years.
Debt Coverage: ASH's debt is well covered by operating cash flow (37%).
Interest Coverage: ASH's interest payments on its debt are not well covered by EBIT (1.2x coverage).