Ashland Global Holdings Inc (ASH)
Debt-to-equity 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-equity ratio | 0.47 | 0.45 | 0.42 | 0.44 | 0.42 | 0.42 | 0.41 | 0.40 | 0.39 | 0.40 | 0.40 | 0.57 | 0.58 | 0.49 | 0.50 | 0.51 | 0.52 | 0.51 | 0.51 | 0.41 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,349,000K ÷ $2,868,000K
= 0.47
The debt-to-equity ratio of Ashland Global Holdings Inc has shown a decreasing trend over the past several quarters, indicating a favorable shift towards a less leveraged capital structure. As of September 30, 2024, the ratio stands at 0.47, which suggests that the company is financing its operations with 47% debt and 53% equity.
The decreasing trend in the debt-to-equity ratio may imply a reduction in financial risk and improved financial stability for the company. A lower ratio indicates that the company relies less on debt to finance its operations, which can be seen as a positive signal for investors.
It is worth noting that fluctuations in the ratio have occurred over the period under consideration, but the overall decreasing trend is a positive indicator of Ashland Global Holdings Inc's financial health and prudent capital management. The company's ability to maintain a relatively low debt-to-equity ratio suggests a conservative approach to financial leverage, which can contribute to long-term sustainability and resilience in the face of economic uncertainties.
Peer comparison
Sep 30, 2024