Ashland Global Holdings Inc (ASH)
Current ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,195,000 | 1,385,000 | 1,427,000 | 1,365,000 | 1,506,000 | 1,526,000 | 1,631,000 | 1,724,000 | 1,768,000 | 1,817,000 | 2,025,000 | 1,734,000 | 1,717,000 | 1,235,000 | 1,418,000 | 1,381,000 | 1,547,000 | 1,670,000 | 1,645,000 | 1,344,000 |
| Total current liabilities | US$ in thousands | 490,000 | 464,000 | 453,000 | 414,000 | 456,000 | 432,000 | 472,000 | 464,000 | 553,000 | 550,000 | 810,000 | 908,000 | 934,000 | 602,000 | 569,000 | 585,000 | 813,000 | 937,000 | 972,000 | 688,000 |
| Current ratio | 2.44 | 2.98 | 3.15 | 3.30 | 3.30 | 3.53 | 3.46 | 3.72 | 3.20 | 3.30 | 2.50 | 1.91 | 1.84 | 2.05 | 2.49 | 2.36 | 1.90 | 1.78 | 1.69 | 1.95 |
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 shown variability over the past several quarters. The current ratio, which measures the company's ability to cover its short-term liabilities with its short-term assets, stood at 2.44 as of September 30, 2024. This indicates that the company had $2.44 in current assets for every $1 of current liabilities.
The current ratio has generally been above 2.0 over the past few years, indicating a strong liquidity position for Ashland Global Holdings Inc. The ratio peaked at 3.72 on December 31, 2022, reflecting a significant increase in liquidity compared to other periods.
However, there have been fluctuations in the current ratio over the quarters. While the ratio was relatively stable and high in the earlier quarters of 2023 and 2024, there were periods of lower current ratios, such as 1.91 on June 30, 2022, and 1.69 on September 30, 2019.
Overall, Ashland Global Holdings Inc has generally maintained a healthy current ratio above 2.0, indicating a strong ability to cover its short-term obligations with its current assets. Investors and stakeholders may find this consistency reassuring in terms of the company's liquidity position.
Peer comparison
Sep 30, 2024