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Friday 6 November 2026 Export ASH’s income statement to Excel — free account

Ashland Inc.

ASH Basic Materials Specialty Chemicals

Ashland Inc.’s revenue for fiscal 2026 (year ended September 2026) was $1.9 billion, up 2.14% from fiscal 2025.

Revenue
+4.40%
EPS
+102.2%
Free cash flow
+400.0%
Total debt
−0.94%

Quarter to September 2026, against a year earlier

76.54 0.10 +0.13%
Market cap
$3.5B
P/E
67.1×
Fwd P/E
39.4×
Dividend yield
2.18%
F-score
n/a
Altman Z
n/a
Beneish M
−2.61
Dividend safety
47/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Ashland Inc. (ASH) Debt to equity

Alert me on Debt to equity

Ashland Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 0.7×. Over the past ten years it has ranged from 0.4× (fiscal 2022) to 1.2× (fiscal 2015); the current reading is higher than 67% of that period. That is above the Specialty Chemicals industry median of 0.6× and above the Basic Materials sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2026 0.7× 2.06%
FY2025 0.7× 54.53%
FY2024 0.5× 9.55%
FY2023 0.4× 7.27%
FY2022 0.4× (44.08%)
FY2021 0.7× 17.29%
FY2020 0.6× 30.74%
FY2019 0.5× (37.13%)
FY2018 0.7× (10.29%)
FY2017 0.8× 5.00%

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.7× 0.97%
Jun 2026 0.7× (0.20%)
Mar 2026 0.7× (0.31%)
Dec 2025 0.7× 1.61%
43 more quarters

Against its own ten years

Low 0.4× High 1.2×
Ten-year median 0.7×
Current reading's percentile 67

Debt to equity against peers

Company Debt to equity
CLMT Calumet, Inc. compare −2.4×
WDFC WD-40 Company compare 0.3×
HWKN Hawkins, Inc. compare 0.4×
KWR Quaker Houghton compare 0.6×
CBT Cabot Corporation compare 0.7×
AVNT Avient Corporation compare 0.7×
ASH Ashland Inc. 0.7×
PRM Perimeter Solutions, SA compare 0.9×
FUL H. B. Fuller Company compare 0.9×
Specialty Chemicals industry median 0.6×
Basic Materials sector median 0.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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