What is Ashland's debt-to-equity?

Ashland (ASH) reported debt-to-equity of 0.8× in Q1 2026.

How has Ashland's debt-to-equity changed year-over-year?

Ashland's debt-to-equity increased by 36.3% year-over-year, from 0.6× to 0.8×.

What is the long-term trend for Ashland's debt-to-equity?

Over 5 years (2020 to 2025), Ashland's debt-to-equity has grown at a 3.6% compound annual growth rate (CAGR), from 0.7× to 0.8×.

What does debt-to-equity mean?

Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

Ashland ASH Debt-to-equity

Debt-to-equity at other companies

International Flavors & FragrancesIFF

0.4×-0.3×

DowDOW

1.2×+1.1×

H.B. FullerFUL

1×-0.2×

Eastman ChemicalEMN

0.9×0.0×

AVT

AvantorAVTR

0.7×0.0×

WestlakeWLK

0.7×+0.2×

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

Current ratio3.1×+0.7×

Where this comes from

Calculated from Ashland’s reported figures.

total debt/total stockholders equity=0.8×

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 debt-to-equity?: Ashland (ASH) reported debt-to-equity of 0.8× in Q1 2026.
How has Ashland's debt-to-equity changed year-over-year?: Ashland's debt-to-equity increased by 36.3% year-over-year, from 0.6× to 0.8×.
What is the long-term trend for Ashland's debt-to-equity?: Over 5 years (2020 to 2025), Ashland's debt-to-equity has grown at a 3.6% compound annual growth rate (CAGR), from 0.7× to 0.8×.
What does debt-to-equity mean?: Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.