Ashland Global Holdings Inc (ASH)
Current ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,195,000 | 1,506,000 | 1,768,000 | 1,717,000 | 1,547,000 |
| Total current liabilities | US$ in thousands | 490,000 | 456,000 | 553,000 | 934,000 | 813,000 |
| Current ratio | 2.44 | 3.30 | 3.20 | 1.84 | 1.90 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,195,000K ÷ $490,000K
= 2.44
The current ratio of Ashland Global Holdings Inc has exhibited fluctuations over the past five years. As of September 30, 2024, the current ratio stands at 2.44, which indicates that the company has $2.44 in current assets for every $1 in current liabilities.
Comparing this figure to the previous years, we observe a declining trend from 3.30 in 2023 and 3.20 in 2022. This suggests a potential decrease in short-term liquidity compared to the preceding years. However, it is important to note that the current ratio of 2.44 is still relatively healthy and demonstrates the company's ability to meet its short-term obligations.
In contrast, the current ratio was lower in 2021 at 1.84 and in 2020 at 1.90, which may have indicated a higher risk of liquidity problems in those years. Overall, while the current ratio has decreased compared to the more favorable ratios in 2022 and 2023, it still portrays a reasonably strong liquidity position for Ashland Global Holdings Inc in 2024.
Peer comparison
Sep 30, 2024