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Ashland (ASH)
NYSE:ASH
US Market

Ashland (ASH) Ratios

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Ashland Ratios

ASH's free cash flow for Q1 2026 was $0.21. For the 2026 fiscal year, ASH's free cash flow was decreased by $ and operating cash flow was
lt;0.01. See a summary of the company’s cash flow.
Ratios
TTM
Sep 25Sep 24Sep 23Sep 22
Liquidity Ratios
Current Ratio
3.15 2.85 2.44 3.30 3.20
Quick Ratio
1.61 1.51 1.33 1.93 2.06
Cash Ratio
0.83 0.51 0.61 0.91 1.17
Solvency Ratio
-0.17 -0.22 0.16 0.15 0.39
Operating Cash Flow Ratio
1.00 0.22 0.84 0.53 -0.39
Short-Term Operating Cash Flow Coverage
19.21 4.48 0.00 15.19 0.00
Net Current Asset Value
$ -1.49B$ -1.50B$ -1.58B$ -1.34B$ -1.23B
Leverage Ratios
Debt-to-Assets Ratio
0.35 0.34 0.26 0.25 0.22
Debt-to-Equity Ratio
0.84 0.83 0.51 0.47 0.43
Debt-to-Capital Ratio
0.46 0.45 0.34 0.32 0.30
Long-Term Debt-to-Capital Ratio
0.44 0.44 0.32 0.30 0.28
Financial Leverage Ratio
2.41 2.42 1.97 1.92 1.93
Debt Service Coverage Ratio
-4.43 -6.21 9.92 6.37 7.33
Interest Coverage Ratio
-9.56 -12.30 -0.49 3.02 5.05
Debt to Market Cap
0.64 0.68 0.32 0.31 0.25
Interest Debt Per Share
35.43 35.61 31.04 28.58 26.83
Net Debt to EBITDA
-4.10 -2.67 3.85 2.28 1.45
Profitability Margins
Gross Profit Margin
28.68%30.10%29.25%30.49%34.71%
EBIT Margin
-30.62%-40.90%1.37%9.77%11.21%
EBITDA Margin
-17.11%-27.91%14.34%20.86%21.29%
Operating Profit Margin
-33.33%-42.49%-1.23%7.85%13.93%
Pretax Profit Margin
-34.11%-44.35%-1.14%7.30%8.62%
Net Profit Margin
-38.26%-46.33%8.00%8.12%38.77%
Continuous Operations Profit Margin
-37.10%-45.07%9.42%7.67%7.57%
Net Income Per EBT
112.18%104.45%-704.17%111.25%450.00%
EBT Per EBIT
102.33%104.39%92.31%93.02%61.86%
Return on Assets (ROA)
-15.29%-18.33%2.99%3.00%14.92%
Return on Equity (ROE)
-33.65%-44.38%5.89%5.75%28.79%
Return on Capital Employed (ROCE)
-14.50%-18.51%-0.50%3.14%5.88%
Return on Invested Capital (ROIC)
-14.43%-18.41%4.17%3.12%5.15%
Return on Tangible Assets
-21.17%-25.28%4.82%4.83%23.58%
Earnings Yield
-29.55%-38.34%3.97%4.11%18.08%
Efficiency Ratios
Receivables Turnover
9.51 7.54 8.70 6.48 5.95
Payables Turnover
7.71 6.75 6.99 7.25 5.89
Inventory Turnover
2.28 2.24 2.74 2.43 2.48
Fixed Asset Turnover
1.41 1.40 1.49 1.47 1.65
Asset Turnover
0.40 0.40 0.37 0.37 0.38
Working Capital Turnover Ratio
2.42 2.45 2.41 1.93 2.39
Cash Conversion Cycle
151.19 156.92 122.79 156.01 146.48
Days of Sales Outstanding
38.40 48.43 41.98 56.31 61.37
Days of Inventory Outstanding
160.11 162.60 133.06 150.03 147.08
Days of Payables Outstanding
47.33 54.11 52.25 50.33 61.96
Operating Cycle
198.51 211.03 175.04 206.33 208.44
Cash Flow Ratios
Operating Cash Flow Per Share
7.91 2.04 8.39 4.58 -3.94
Free Cash Flow Per Share
6.28 -0.09 5.59 1.38 -6.04
CapEx Per Share
1.63 2.13 2.80 3.21 2.09
Free Cash Flow to Operating Cash Flow
0.79 -0.04 0.67 0.30 1.53
Dividend Paid and CapEx Coverage Ratio
2.42 0.54 1.91 0.99 -1.16
Capital Expenditure Coverage Ratio
4.87 0.96 3.00 1.43 -1.88
Operating Cash Flow Coverage Ratio
0.23 0.06 0.28 0.17 -0.15
Operating Cash Flow to Sales Ratio
0.20 0.05 0.19 0.11 -0.09
Free Cash Flow Yield
12.51%-0.18%6.43%1.69%-6.36%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
-3.38 -2.61 25.22 24.32 5.53
Price-to-Sales (P/S) Ratio
1.28 1.21 2.02 1.98 2.14
Price-to-Book (P/B) Ratio
1.24 1.16 1.49 1.40 1.59
Price-to-Free Cash Flow (P/FCF) Ratio
7.99 -550.97 15.55 59.30 -15.73
Price-to-Operating Cash Flow Ratio
6.40 23.45 10.37 17.81 -24.08
Price-to-Earnings Growth (PEG) Ratio
-0.19 <0.01 9.41 -0.30 0.01
Price-to-Fair Value
1.24 1.16 1.49 1.40 1.59
Enterprise Value Multiple
-11.60 -7.00 17.92 11.75 11.52
Enterprise Value
3.59B 3.56B 5.43B 5.37B 5.87B
EV to EBITDA
-11.61 -7.00 17.92 11.75 11.52
EV to Sales
1.99 1.95 2.57 2.45 2.45
EV to Free Cash Flow
12.37 -890.97 19.82 73.56 -17.99
EV to Operating Cash Flow
9.83 37.91 13.21 22.10 -27.54
Tangible Book Value Per Share
13.50 13.83 14.90 15.91 17.39
Shareholders’ Equity Per Share
40.69 41.39 58.53 58.43 59.63
Tax and Other Ratios
Effective Tax Rate
-0.09 -0.02 9.29 -0.05 0.12
Revenue Per Share
39.13 39.65 43.12 41.34 44.28
Net Income Per Share
-14.97 -18.37 3.45 3.36 17.17
Tax Burden
1.12 1.04 -7.04 1.11 4.50
Interest Burden
1.11 1.08 -0.83 0.75 0.77
Research & Development to Revenue
0.03 0.03 0.03 0.02 0.02
SG&A to Revenue
0.09 0.19 0.19 0.17 0.16
Stock-Based Compensation to Revenue
<0.01 <0.01 <0.01 0.01 <0.01
Income Quality
-0.26 -0.11 2.07 1.45 -1.18
Currency in USD