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Ashland (ASH) Ratios
Ashland Ratios
ASH's free cash flow for Q3 2026 was $102.00M. For the 2026 fiscal year, ASH's free cash flow was decreased by $-20.00M and operating cash flow was $122.00M. See a summary of the company’s cash flow.
| Ratios | Sep 25 | Sep 24 | Sep 23 | Sep 22 | Sep 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 2.85 | 2.44 | 3.30 | 3.20 | 1.84 |
| Quick Ratio | 1.51 | 1.33 | 1.93 | 2.06 | 1.33 |
| Cash Ratio | 0.51 | 0.61 | 0.91 | 1.17 | 0.22 |
| Solvency Ratio | -0.22 | 0.16 | 0.15 | 0.39 | 0.12 |
| Operating Cash Flow Ratio | 0.22 | 0.84 | 0.53 | -0.39 | 0.60 |
| Short-Term Operating Cash Flow Coverage | 4.48 | 0.00 | 15.19 | 0.00 | 1.50 |
| Net Current Asset Value | $ -1.50B | $ -1.58B | $ -1.34B | $ -1.23B | $ -2.14B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.34 | 0.26 | 0.25 | 0.22 | 0.32 |
| Debt-to-Equity Ratio | 0.83 | 0.51 | 0.47 | 0.43 | 0.76 |
| Debt-to-Capital Ratio | 0.45 | 0.34 | 0.32 | 0.30 | 0.43 |
| Long-Term Debt-to-Capital Ratio | 0.44 | 0.32 | 0.30 | 0.28 | 0.37 |
| Financial Leverage Ratio | 2.42 | 1.97 | 1.92 | 1.93 | 2.40 |
| Debt Service Coverage Ratio | -6.21 | 9.92 | 6.37 | 7.33 | 1.09 |
| Interest Coverage Ratio | -12.30 | -0.49 | 3.02 | 5.05 | 2.63 |
| Debt to Market Cap | 0.68 | 0.32 | 0.31 | 0.25 | 0.28 |
| Interest Debt Per Share | 35.61 | 31.04 | 28.58 | 26.83 | 27.89 |
| Net Debt to EBITDA | -2.67 | 3.85 | 2.28 | 1.45 | 4.23 |
| Profitability Margins | |||||
| Gross Profit Margin | 30.10% | 29.25% | 30.49% | 34.71% | 31.74% |
| EBIT Margin | -40.90% | 1.37% | 9.77% | 11.21% | 9.66% |
| EBITDA Margin | -27.91% | 14.34% | 20.86% | 21.29% | 21.22% |
| Operating Profit Margin | -42.49% | -1.23% | 7.85% | 13.93% | 9.10% |
| Pretax Profit Margin | -44.35% | -1.14% | 7.30% | 8.62% | 6.40% |
| Net Profit Margin | -46.33% | 8.00% | 8.12% | 38.77% | 10.42% |
| Continuous Operations Profit Margin | -45.07% | 9.42% | 7.67% | 7.57% | 8.20% |
| Net Income Per EBT | 104.45% | -704.17% | 111.25% | 450.00% | 162.96% |
| EBT Per EBIT | 104.39% | 92.31% | 93.02% | 61.86% | 70.31% |
| Return on Assets (ROA) | -18.33% | 2.99% | 3.00% | 14.92% | 3.33% |
| Return on Equity (ROE) | -44.38% | 5.89% | 5.75% | 28.79% | 7.99% |
| Return on Capital Employed (ROCE) | -18.51% | -0.50% | 3.14% | 5.88% | 3.38% |
| Return on Invested Capital (ROIC) | -18.41% | 4.17% | 3.12% | 5.15% | 3.16% |
| Return on Tangible Assets | -25.28% | 4.82% | 4.83% | 23.58% | 5.40% |
| Earnings Yield | -38.34% | 3.97% | 4.11% | 18.08% | 3.16% |
| Efficiency Ratios | |||||
| Receivables Turnover | 7.54 | 8.70 | 6.48 | 5.95 | 5.72 |
| Payables Turnover | 6.75 | 6.99 | 7.25 | 5.89 | 6.11 |
| Inventory Turnover | 2.24 | 2.74 | 2.43 | 2.48 | 3.05 |
| Fixed Asset Turnover | 1.40 | 1.49 | 1.47 | 1.65 | 1.36 |
| Asset Turnover | 0.40 | 0.37 | 0.37 | 0.38 | 0.32 |
| Working Capital Turnover Ratio | 2.45 | 2.41 | 1.93 | 2.39 | 2.78 |
| Cash Conversion Cycle | 156.92 | 122.79 | 156.01 | 146.48 | 123.83 |
| Days of Sales Outstanding | 48.43 | 41.98 | 56.31 | 61.37 | 63.80 |
| Days of Inventory Outstanding | 162.60 | 133.06 | 150.03 | 147.08 | 119.81 |
| Days of Payables Outstanding | 54.11 | 52.25 | 50.33 | 61.96 | 59.78 |
| Operating Cycle | 211.03 | 175.04 | 206.33 | 208.44 | 183.61 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 2.04 | 8.39 | 4.58 | -3.94 | 7.18 |
| Free Cash Flow Per Share | -0.09 | 5.59 | 1.38 | -6.04 | 5.83 |
| Dividend Paid and CapEx Coverage Ratio | 0.54 | 1.91 | 0.99 | -1.16 | 3.20 |
| Capital Expenditure Coverage Ratio | 0.96 | 3.00 | 1.43 | -1.88 | 5.33 |
| Operating Cash Flow Coverage Ratio | 0.06 | 0.28 | 0.17 | -0.15 | 0.27 |
| Operating Cash Flow to Sales Ratio | 0.05 | 0.19 | 0.11 | -0.09 | 0.27 |
| Free Cash Flow Yield | -0.18% | 6.43% | 1.69% | -6.36% | 6.54% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | -2.61 | 25.22 | 24.32 | 5.53 | 31.60 |
| Price-to-Sales (P/S) Ratio | 1.21 | 2.02 | 1.98 | 2.14 | 3.29 |
| Price-to-Book (P/B) Ratio | 1.16 | 1.49 | 1.40 | 1.59 | 2.53 |
| Price-to-Free Cash Flow (P/FCF) Ratio | -550.97 | 15.55 | 59.30 | -15.73 | 15.28 |
| Price-to-Operating Cash Flow Ratio | 23.45 | 10.37 | 17.81 | -24.08 | 12.42 |
| Price-to-Earnings Growth (PEG) Ratio | 0.00 | 9.41 | -0.30 | 0.01 | -0.24 |
| Enterprise Value Multiple | -7.00 | 17.92 | 11.75 | 11.52 | 19.74 |
| Enterprise Value | 3.56B | 5.43B | 5.37B | 5.87B | 8.85B |
| EV to EBITDA | -7.00 | 17.92 | 11.75 | 11.52 | 19.74 |
| EV to Sales | 1.95 | 2.57 | 2.45 | 2.45 | 4.19 |
| EV to Free Cash Flow | -890.97 | 19.82 | 73.56 | -17.99 | 19.44 |
| EV to Operating Cash Flow | 37.91 | 13.21 | 22.10 | -27.54 | 15.80 |
| Tangible Book Value Per Share | 13.83 | 14.90 | 15.91 | 17.39 | 2.77 |
| Shareholders’ Equity Per Share | 41.39 | 58.53 | 58.43 | 59.63 | 35.28 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | -0.02 | 9.29 | -0.05 | 0.12 | -0.28 |
| Revenue Per Share | 39.65 | 43.12 | 41.34 | 44.28 | 27.06 |
| Net Income Per Share | -18.37 | 3.45 | 3.36 | 17.17 | 2.82 |
| Tax Burden | 1.04 | -7.04 | 1.11 | 4.50 | 1.63 |
| Interest Burden | 1.08 | -0.83 | 0.75 | 0.77 | 0.66 |
| Research & Development to Revenue | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 |
| SG&A to Revenue | 0.19 | 0.19 | 0.17 | 0.16 | 0.17 |
| Stock-Based Compensation to Revenue | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Income Quality | -0.11 | 2.07 | 1.45 | -1.18 | 2.55 |
Currency in USD