Ashland annual debt-to-equity ratio
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2025
Ashland Debt-to-Equity Ratio Growth & History (ASH)
Ashland's debt-to-equity ratio was 0.78 for fiscal 2025.
View full Ashland company overviewAshland annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-09-30 | 0.78 | 0.27 | +52.89% |
| 2024 | 2024-09-30 | 0.51 | 0.04 | +8.73% |
| 2023 | 2023-09-30 | 0.47 | 0.04 | +9.61% |
| 2022 | 2022-09-30 | 0.43 | −0.33 | −43.79% |
| 2021 | 2021-09-30 | 0.76 | 0.11 | +16.64% |
| 2020 | 2020-09-30 | 0.66 | 0.19 | +40.34% |
| 2019 | 2019-09-30 | 0.47 | −0.28 | −37.13% |
| 2018 | 2018-09-30 | 0.74 | −0.09 | −10.29% |
| 2017 | 2017-09-30 | 0.83 | 0.08 | +11.03% |
| 2016 | 2016-09-30 | 0.75 | −0.48 | −39.29% |
| 2015 | 2015-09-30 | 1.23 | — | — |
Ashland quarterly debt-to-equity ratio
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Q3.18
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Q1.19
Q2.19
Q3.19
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Q1.20
Q2.20
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Q3.23
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Q3.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q3 2026 | 2026-06-30 | 0.79 | 0.00 | +0.40% |
| Q2 2026 | 2026-03-31 | 0.79 | 0.21 | +36.31% |
| Q1 2026 | 2025-12-31 | 0.79 | 0.25 | +45.13% |
| Q4 2025 | 2025-09-30 | 0.78 | 0.27 | +52.89% |
| Q3 2025 | 2025-06-30 | 0.79 | 0.30 | +61.30% |
| Q2 2025 | 2025-03-31 | 0.58 | 0.12 | +25.59% |
| Q1 2025 | 2024-12-31 | 0.55 | 0.06 | +13.46% |
| Q4 2024 | 2024-09-30 | 0.51 | 0.04 | +8.73% |
| Q3 2024 | 2024-06-30 | 0.49 | 0.02 | +5.26% |
| Q2 2024 | 2024-03-31 | 0.46 | 0.02 | +3.81% |
| Q1 2024 | 2023-12-31 | 0.48 | 0.05 | +11.80% |
| Q4 2023 | 2023-09-30 | 0.47 | 0.04 | +9.61% |
| Q3 2023 | 2023-06-30 | 0.46 | 0.03 | +6.49% |
| Q2 2023 | 2023-03-31 | 0.45 | 0.01 | +3.28% |
| Q1 2023 | 2022-12-31 | 0.43 | −0.33 | −43.20% |
| Q4 2022 | 2022-09-30 | 0.43 | −0.33 | −43.79% |
| Q3 2022 | 2022-06-30 | 0.43 | −0.13 | −23.55% |
| Q2 2022 | 2022-03-31 | 0.43 | −0.15 | −25.39% |
| Q1 2022 | 2021-12-31 | 0.76 | 0.17 | +28.58% |
| Q4 2021 | 2021-09-30 | 0.76 | 0.11 | +16.64% |
| Q3 2021 | 2021-06-30 | 0.57 | −0.14 | −20.00% |
| Q2 2021 | 2021-03-31 | 0.58 | −0.15 | −20.13% |
| Q1 2021 | 2020-12-31 | 0.59 | 0.08 | +15.67% |
| Q4 2020 | 2020-09-30 | 0.66 | 0.19 | +40.34% |
| Q3 2020 | 2020-06-30 | 0.71 | −0.10 | −12.27% |
| Q2 2020 | 2020-03-31 | 0.72 | −0.03 | −4.00% |
| Q1 2020 | 2019-12-31 | 0.51 | −0.25 | −32.71% |
| Q4 2019 | 2019-09-30 | 0.47 | −0.28 | −37.13% |
| Q3 2019 | 2019-06-30 | 0.81 | 0.07 | +8.79% |
| Q2 2019 | 2019-03-31 | 0.75 | 0.00 | +0.39% |
| Q1 2019 | 2018-12-31 | 0.76 | −0.11 | −12.38% |
| Q4 2018 | 2018-09-30 | 0.74 | −0.09 | −10.29% |
| Q3 2018 | 2018-06-30 | 0.74 | −0.08 | −9.99% |
| Q2 2018 | 2018-03-31 | 0.75 | −0.13 | −15.17% |
| Q1 2018 | 2017-12-31 | 0.86 | −0.06 | −6.37% |
| Q4 2017 | 2017-09-30 | 0.83 | 0.08 | +11.03% |
| Q3 2017 | 2017-06-30 | 0.83 | — | — |
| Q2 2017 | 2017-03-31 | 0.89 | — | — |
| Q1 2017 | 2016-12-31 | 0.92 | — | — |
| Q4 2016 | 2016-09-30 | 0.75 | −0.48 | −39.29% |
| Q4 2015 | 2015-09-30 | 1.23 | — | — |
Ashland debt-to-equity ratio trends
Over the last five fiscal years, Ashland's debt-to-equity ratio increased from 0.66 to 0.78, a change of 0.13. The latest reported quarter, Q3 2026, shows 0.79.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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