Ashland Global Holdings Inc (ASH)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 300,000 | 399,000 | 439,000 | 440,000 | 417,000 | 349,000 | 399,000 | 532,000 | 646,000 | 629,000 | 964,000 | 194,000 | 210,000 | 262,000 | 373,000 | 335,000 | 454,000 | 416,000 | 353,000 | 157,000 |
| Short-term investments | US$ in thousands | — | 76,000 | 77,000 | 77,000 | 77,000 | 71,000 | 61,000 | 61,000 | 61,000 | 61,000 | 36,000 | 36,000 | 37,000 | 27,000 | — | — | — | — | — | — |
| Receivables | US$ in thousands | 243,000 | 224,000 | 260,000 | 194,000 | 338,000 | 345,000 | 395,000 | 351,000 | 402,000 | 488,000 | 407,000 | 340,000 | 369,000 | 384,000 | 447,000 | 409,000 | 471,000 | 455,000 | 498,000 | 441,000 |
| 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 |
| Quick ratio | 1.11 | 1.51 | 1.71 | 1.72 | 1.82 | 1.77 | 1.81 | 2.03 | 2.01 | 2.14 | 1.74 | 0.63 | 0.66 | 1.12 | 1.44 | 1.27 | 1.14 | 0.93 | 0.88 | 0.87 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($300,000K
+ $—K
+ $243,000K)
÷ $490,000K
= 1.11
The quick ratio of Ashland Global Holdings Inc has shown fluctuations over the past 20 quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets (excluding inventory).
The trend in Ashland's quick ratio indicates that there have been some periods of strength and weakness in the company's short-term liquidity position. The quick ratio has ranged from a low of 0.63 to a high of 2.14 during this time frame.
In recent quarters, the quick ratio has generally been above 1, indicating that Ashland has sufficient liquid assets to cover its short-term liabilities. Specifically, the quick ratio has been above 1.5 in most quarters, indicating a healthy short-term liquidity position.
However, there are a few quarters where the quick ratio dipped below 1, suggesting potential challenges in meeting immediate obligations with liquid assets alone. It is important for the company to monitor and manage its liquidity position to ensure stability and financial health.
Overall, while there have been fluctuations in Ashland Global Holdings Inc's quick ratio, the recent trend suggests a relatively stable short-term liquidity position, which is a positive indicator for the company's ability to meet its short-term obligations.
Peer comparison
Sep 30, 2024