What is Ashland's cash ratio?

Ashland (ASH) reported cash ratio of 0.9× in Q1 2026.

How has Ashland's cash ratio changed year-over-year?

Ashland's cash ratio increased by 139.3% year-over-year, from 0.4× to 0.9×.

What is the long-term trend for Ashland's cash ratio?

Over 5 years (2020 to 2025), Ashland's cash ratio has grown at a -1.9% compound annual growth rate (CAGR), from 0.6× to 0.5×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Ashland ASH Cash ratio

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Other financials

Income statement

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Revenue$482.0M+0.6%

Gross profit$147.0M0.0%

Operating income$39.0M-23.5%

Net income$16.0M-48.4%

EPS (diluted)$0.34-47.7%

Balance sheet

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Cash & equivalents$343.0M+104%

Total debt$1.5B-0.6%

Total equity$1.9B-27.1%

Total assets$4.5B-14.0%

Cash flow

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Operating cash flow$50.0M+456%

CapEx$17.0M-19.0%

Free cash flow$33.0M+375%

Valuation

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Market cap$2.93B-9.0%

Enterprise value$4.06B-10.6%

P/S1.6×0.0×

Profitability

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Gross margin30%-1.7pp

Operating margin-37.3%—

Net margin-40.8%-48.8pp

FCF margin13.6%+9.7pp

Returns & leverage

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Return on equity-33.4%-38.5pp

Debt / equity0.8×+0.2×

Current ratio3.1×+0.7×

Where this comes from

Calculated from Ashland’s reported figures.

cash and equivalents/total current liabilities=0.9×

Based on the most recent quarter.

The official record: Ashland’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ashland's cash ratio?: Ashland (ASH) reported cash ratio of 0.9× in Q1 2026.
How has Ashland's cash ratio changed year-over-year?: Ashland's cash ratio increased by 139.3% year-over-year, from 0.4× to 0.9×.
What is the long-term trend for Ashland's cash ratio?: Over 5 years (2020 to 2025), Ashland's cash ratio has grown at a -1.9% compound annual growth rate (CAGR), from 0.6× to 0.5×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.