Ashland Global Holdings Inc (ASH)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,349,000 | 1,325,000 | 1,328,000 | 1,341,000 | 1,314,000 | 1,328,000 | 1,328,000 | 1,316,000 | 1,270,000 | 1,302,000 | 1,336,000 | 1,580,000 | 1,596,000 | 1,578,000 | 1,571,000 | 1,601,000 | 1,573,000 | 1,547,000 | 1,535,000 | 1,502,000 |
| Total assets | US$ in thousands | 5,645,000 | 5,747,000 | 5,948,000 | 5,866,000 | 5,939,000 | 6,029,000 | 6,183,000 | 6,259,000 | 6,213,000 | 6,412,000 | 6,780,000 | 6,549,000 | 6,612,000 | 6,766,000 | 6,664,000 | 6,742,000 | 6,877,000 | 6,986,000 | 6,968,000 | 7,326,000 |
| Debt-to-assets ratio | 0.24 | 0.23 | 0.22 | 0.23 | 0.22 | 0.22 | 0.21 | 0.21 | 0.20 | 0.20 | 0.20 | 0.24 | 0.24 | 0.23 | 0.24 | 0.24 | 0.23 | 0.22 | 0.22 | 0.21 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,349,000K ÷ $5,645,000K
= 0.24
The debt-to-assets ratio for Ashland Global Holdings Inc has been relatively stable over the past few years, ranging between 0.20 to 0.24. This ratio indicates that the company finances approximately 20% to 24% of its assets through debt, with the remainder funded by equity. A lower debt-to-assets ratio suggests lower financial risk, as it implies that the company has a lower level of debt relative to its assets.
Ashland Global Holdings Inc has maintained a conservative approach to debt financing, with the ratio staying within a reasonable range. This could indicate that the company is managing its debt levels prudently and maintaining a healthy balance between debt and equity in its capital structure. Overall, the consistent debt-to-assets ratio suggests the company has been maintaining a relatively stable financial position over the period analyzed.
Peer comparison
Sep 30, 2024