Ashland Global Holdings Inc (ASH)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,868,000 | 2,967,000 | 3,134,000 | 3,053,000 | 3,097,000 | 3,149,000 | 3,267,000 | 3,318,000 | 3,220,000 | 3,266,000 | 3,381,000 | 2,763,000 | 2,752,000 | 3,202,000 | 3,114,000 | 3,122,000 | 3,036,000 | 3,013,000 | 2,983,000 | 3,625,000 |
| Debt-to-capital ratio | 0.32 | 0.31 | 0.30 | 0.31 | 0.30 | 0.30 | 0.29 | 0.28 | 0.28 | 0.29 | 0.28 | 0.36 | 0.37 | 0.33 | 0.34 | 0.34 | 0.34 | 0.34 | 0.34 | 0.29 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,349,000K ÷ ($1,349,000K + $2,868,000K)
= 0.32
The debt-to-capital ratio of Ashland Global Holdings Inc has shown relative stability over the periods analyzed. The ratio has fluctuated between 0.28 to 0.37, with a gradual increase observed towards the end of 2021 and a subsequent decline in recent quarters. Overall, the company maintains a healthy balance between debt and capital, with a range typically below 0.35 indicating that a significant portion of the company's capital structure is funded by equity. This suggests a conservative approach to leveraging within the company, which could be viewed positively by investors and creditors.
Peer comparison
Sep 30, 2024