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Ashland Inc   (ASH)
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Ashland Inc 's Quick Ratio

ASH's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


Ashland Inc 's Cash & cash equivalent grew by 19.48 % in the IV Quarter 2023 sequentially, faster than Current Liabilities, this led to improvement in Ashland Inc 's Quick Ratio to 0.91, above Ashland Inc average Quick Ratio.

Within Chemical Manufacturing industry 14 other companies have achieved higher Quick Ratio than Ashland Inc in forth quarter 2023. While Quick Ratio total ranking has improved so far during the IV Quarter 2023 to 1557, from total ranking in the third quarter 2023 at 1873.

Explain Quick Ratio?
How much Cash & cash equivalents ASH´s has?
What are ASH´s Current Liabilities?


ASH Quick Ratio (Sep 30 2023)
IV. Quarter
(Jun 30 2023)
III. Quarter
(Mar 31 2023)
II. Quarter
(Dec 31 2022)
I. Quarter
(Sep 30 2022)
IV. Quarter
Y / Y Current Liabilities Change -17.54 % -21.45 % -41.73 % -48.9 % -40.79 %
Y / Y Cash & cash equivalent Change -35.45 % -44.52 % -58.61 % 174.23 % 207.62 %
Quick Ratio MRQ 0.91 0.81 0.85 1.15 1.17
ASH's Total Ranking # 1557 # 1873 # 1944 # 53 # 1885
Seq. Current Liabilities Change 5.56 % -8.47 % 1.72 % -16.09 % 0.55 %
Seq. Cash & cash equivalent Change 19.48 % -12.53 % -25 % -17.65 % 2.7 %



Quick Ratio forth quarter 2023 Company Ranking
Within: No.
Chemical Manufacturing Industry # 15
Basic Materials Sector # 66
Overall Market # 1557


Quick Ratio Statistics
High Average Low
1.19 0.53 0.04
(Mar 31 2022)   (March 31, 2005)




Financial Statements
Ashland Inc 's Current Liabilities $ 456 Millions Visit ASH's Balance sheet
Ashland Inc 's Cash & cash equivalent $ 417 Millions Visit ASH's Balance sheet
Source of ASH's Sales Visit ASH's Sales by Geography


Cumulative Ashland Inc 's Quick Ratio

ASH's Quick Ratio for the trailling 12 Months

ASH Quick Ratio

(Sep 30 2023)
IV. Quarter
(Jun 30 2023)
III. Quarter
(Mar 31 2023)
II. Quarter
(Dec 31 2022)
I. Quarter
(Sep 30 2022)
IV. Quarter
Y / Y Current Liabilities TTM Growth -17.54 % -21.45 % -41.73 % -48.9 % -40.79 %
Y / Y Cash & cash equivalent TTM Growth -35.45 % -44.52 % -58.61 % 174.23 % 207.62 %
Quick Ratio TTM 0.93 1 1.08 1.17 0.86
Total Ranking TTM # 3760 # 1618 # 392 # 1593 # 1859
Seq. Current Liabilities TTM Growth 5.56 % -8.47 % 1.72 % -16.09 % 0.55 %
Seq. Cash & cash equivalent TTM Growth 19.48 % -12.53 % -25 % -17.65 % 2.7 %


On the trailing twelve months basis In spite of the year on year decrease in ASH's Current Liabilities to $456.00 millions, cumulative Quick Ratio to 0.93 above the company average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Chemical Manufacturing industry 80 other companies have achieved higher Quick Ratio than Ashland Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2023 from 1618 to 3760.

Explain Quick Ratio?
How much Cash & cash equivalents ASH´s has?
What are ASH´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Chemical Manufacturing Industry # 81
Basic Materials Sector # 276
Within the Market # 3760


trailing twelve months Quick Ratio Statistics
High Average Low
1.17 0.54 0.17
(Dec 31 2022)   (Sep. 30, 2009)




Companies with similar Quick Ratio in the quarter ending Sep 30 2023, within Chemical Manufacturing Industry Quick RatioSep 30 2023 MRQ Cash & cash equivalentSep 30 2023 MRQ Current Liabilities
Advanced Emissions Solutions Inc   2.39 $ 52.529  Millions$ 22.024  Millions
Valvoline Inc   2.09 $ 756.600  Millions$ 362.300  Millions
Codexis inc   1.94 $ 74.577  Millions$ 38.415  Millions
Pure Bioscience Inc   1.79 $ 1.440  Millions$ 0.806  Millions
Biolargo Inc   1.75 $ 3.042  Millions$ 1.740  Millions
Red Trail Energy Llc  1.27 $ 14.591  Millions$ 11.483  Millions
Westlake Corporation  1.15 $ 3,057.000  Millions$ 2,659.000  Millions
Perimeter Solutions Sa  1.13 $ 71.761  Millions$ 63.537  Millions
Valhi inc   1.11 $ 448.700  Millions$ 403.400  Millions
Flexible Solutions International Inc  1.10 $ 9.954  Millions$ 9.009  Millions
Ashland Inc   0.91 $ 417.000  Millions$ 456.000  Millions
Element Solutions Inc  0.87 $ 329.600  Millions$ 376.700  Millions
Westlake Chemical Partners Lp  0.87 $ 65.869  Millions$ 75.600  Millions
Green Plains Inc   0.86 $ 326.701  Millions$ 379.137  Millions
Livent Corporation  0.81 $ 112.600  Millions$ 138.300  Millions
Balchem Corp  0.71 $ 76.952  Millions$ 108.038  Millions
The Chemours Company  0.66 $ 1,447.000  Millions$ 2,195.000  Millions
Kronos Worldwide inc   0.61 $ 156.900  Millions$ 256.200  Millions
Innospec Inc   0.60 $ 207.200  Millions$ 344.200  Millions
Minerals Technologies Inc   0.59 $ 278.200  Millions$ 473.500  Millions
Quaker Chemical Corporation  0.56 $ 198.358  Millions$ 352.107  Millions
Wd 40 Company  0.54 $ 48.143  Millions$ 88.842  Millions
Air Products And Chemicals Inc   0.50 $ 1,949.200  Millions$ 3,895.800  Millions
Church and Dwight Co Inc   0.48 $ 573.300  Millions$ 1,188.400  Millions
Axalta Coating Systems Ltd   0.45 $ 608.100  Millions$ 1,358.300  Millions
Ecovyst Inc   0.42 $ 38.317  Millions$ 91.919  Millions
Tronox Holdings Plc  0.39 $ 246.000  Millions$ 623.000  Millions
Huntsman Corporation  0.39 $ 496.000  Millions$ 1,271.000  Millions
Kraig Biocraft Laboratories Inc   0.35 $ 2.997  Millions$ 8.571  Millions
Comstock Inc   0.33 $ 3.810  Millions$ 11.663  Millions

Date modified: 2023-11-21T23:35:29+00:00



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