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Ashland Inc   (ASH)
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Ashland Inc 's Working Capital Ratio

ASH's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


In the wake of the increase in Current Liabilities in the forth quarter 2023, Working Capital Ratio fell to 3.3 above Ashland Inc average.

Within Chemical Manufacturing industry 16 other companies have achieved higher Working Capital Ratio than Ashland Inc in forth quarter 2023. While Working Capital Ratio total ranking in the forth quarter 2023 has deteriorated compared to the prior quarter from 105 to 1204.

Explain Working Capital Ratio
How much in Current Assets ASH´s has?
What is the value of ASH´s Current Liabilities?


ASH Working Capital 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 Current Assets Change -14.82 % -16.02 % -19.46 % -0.58 % 2.97 %
Working Capital Ratio MRQ 3.3 3.53 3.46 3.72 3.2
ASH's Total Ranking # 1204 # 105 # 406 # 52 # 1359
Seq. Current Liabilities Change 5.56 % -8.47 % 1.72 % -16.09 % 0.55 %
Seq. Current Assets Change -1.31 % -6.44 % -5.39 % -2.49 % -2.7 %



Working Capital Ratio forth quarter 2023 Company Ranking
Within: No.
Chemical Manufacturing Industry # 17
Basic Materials Sector # 62
Overall Market # 1204


Working Capital Ratio Statistics
High Average Low
3.72 2.18 1.11
(Dec 31 2022)   (March 31, 2005)




Financial Statements
Ashland Inc 's Current Liabilities $ 456 Millions Visit ASH's Balance sheet
Ashland Inc 's Current Assets $ 1,506 Millions Visit ASH's Balance sheet
Source of ASH's Sales Visit ASH's Sales by Geography


Cumulative Ashland Inc 's Working Capital Ratio

ASH's Working Capital Ratio for the trailling 12 Months

ASH Working Capital 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 Current Assets TTM Growth -14.82 % -16.02 % -19.46 % -0.58 % 2.97 %
Working Capital Ratio TTM 3.5 3.46 3.4 3.09 2.6
Total Ranking TTM # 3852 # 1030 # 1358 # 48 # 1600
Seq. Current Liabilities TTM Growth 5.56 % -8.47 % 1.72 % -16.09 % 0.55 %
Seq. Current Assets TTM Growth -1.31 % -6.44 % -5.39 % -2.49 % -2.7 %


On the trailing twelve months basis Current Liabilities decreased faster than Ashland Inc 's average Current Assets, this led to increase in in Ashland Inc 's Working Capital Ratio to 3.5, above ASH average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Chemical Manufacturing industry 80 other companies have achieved higher Working Capital Ratio than Ashland Inc . While Working Capital Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2023 from 1030 to 3852.

Explain Working Capital Ratio
How much in Current Assets ASH´s has?
What is the value of ASH´s Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Chemical Manufacturing Industry # 81
Basic Materials Sector # 280
Within the Market # 3852


trailing twelve months Working Capital Ratio Statistics
High Average Low
3.5 2.17 1.6
(Sep 30 2023)   (June 30, 2010)




Companies with similar Working Capital Ratio in the quarter ending Sep 30 2023, within Chemical Manufacturing Industry Working Capital RatioSep 30 2023 MRQ Current AssetsSep 30 2023 MRQ Current Liabilities
Verde Clean Fuels Inc   8.40 $ 32.096  Millions$ 3.822  Millions
Futurefuel Corp   8.32 $ 267.221  Millions$ 32.133  Millions
Loop Industries Inc   7.47 $ 25.040  Millions$ 3.354  Millions
Nl Industries inc   6.87 $ 206.115  Millions$ 30.021  Millions
Lanzatech Global Inc   5.26 $ 177.483  Millions$ 33.743  Millions
Tomi Environmental Solutions Inc   4.66 $ 8.957  Millions$ 1.923  Millions
Cardinal Ethanol Llc  4.65 $ 130.399  Millions$ 28.028  Millions
Perimeter Solutions Sa  4.63 $ 294.356  Millions$ 63.537  Millions
Gevo inc   4.27 $ 411.231  Millions$ 96.361  Millions
Sensient Technologies Corp  4.22 $ 945.154  Millions$ 223.817  Millions
Advanced Emissions Solutions Inc   4.15 $ 91.474  Millions$ 22.024  Millions
Kronos Worldwide inc   3.90 $ 999.700  Millions$ 256.200  Millions
Livent Corporation  3.46 $ 478.200  Millions$ 138.300  Millions
Element Solutions Inc  3.45 $ 1,299.500  Millions$ 376.700  Millions
Tronox Holdings Plc  3.42 $ 2,132.000  Millions$ 623.000  Millions
Valhi inc   3.40 $ 1,370.100  Millions$ 403.400  Millions
Ashland Inc   3.30 $ 1,506.000  Millions$ 456.000  Millions
Cn Energy Group Inc   3.22 $ 72.449  Millions$ 22.525  Millions
Newmarket Corporation  3.21 $ 1,065.594  Millions$ 332.204  Millions
Balchem Corp  3.16 $ 341.222  Millions$ 108.038  Millions
Codexis inc   3.14 $ 120.470  Millions$ 38.415  Millions
Flexible Solutions International Inc   3.14 $ 28.249  Millions$ 9.009  Millions
Westlake Chemical Partners Lp  3.06 $ 231.471  Millions$ 75.600  Millions
Xpel Inc   2.97 $ 138.038  Millions$ 46.545  Millions
Csw Industrials Inc   2.83 $ 318.647  Millions$ 112.702  Millions
Wd 40 Company  2.80 $ 248.525  Millions$ 88.842  Millions
Red Trail Energy Llc  2.76 $ 31.730  Millions$ 11.483  Millions
Quaker Chemical Corporation  2.74 $ 966.311  Millions$ 352.107  Millions
Biolargo Inc   2.70 $ 4.691  Millions$ 1.740  Millions
Comstock Inc   2.64 $ 30.738  Millions$ 11.663  Millions

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



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