Ashland (ASH) Debt to Equity (2015 - 2026)

Ashland's (ASH) quarterly Debt to Equity came in at $0.74 in Q1 2026, up 35.95% year-on-year from $0.54 in Q1 2025, and down 99.52% quarter-over-quarter from $154.11 in Q4 2025.

Ashland (ASH) Debt to Equity (2015 - 2026) Analysis & Trends

Ashland has disclosed Debt to Equity across 12 years of filings, most recently posting $0.74 for Q1 2026.

  • Debt to Equity for Q1 2026 came in at $0.74, up 35.95% year-over-year; the trailing twelve-month figure through Mar 2026 was $0.74 (up 35.95% YoY), and the FY2025 annual result was $0.73, down 99.95% from the prior year.
  • Debt to Equity came in at $0.74 for Q1 2026 at Ashland, down from $154.11 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $1349.0 in Q3 2024 to a low of -$2.98 in Q4 2023.
  • The 5-year median for Debt to Equity is $0.43 (2023), against an average of $101.64.
  • Across the five-year window, Debt to Equity plunged 851.34% in 2023 and surged 314024.29% in 2024, its largest moves.
  • Ashland's Debt to Equity stood at $0.4 in 2022, then tumbled by 851.34% to -$2.98 in 2023, then surged by 114.07% to $0.42 in 2024, then jumped by 36649.57% to $154.11 in 2025, then tumbled by 99.52% to $0.74 in 2026.
  • The last three Debt to Equity figures came in at $0.74 (Q1 2026), $154.11 (Q4 2025), and $0.73 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Linde 237.64 Bn 233.69 Bn 4.26 Bn 0.62
2 Chemical & Mining Co Of Chile 127.66 Bn 124.93 Bn 778.60 Mn 0.58
3 Sherwin Williams 78.87 Bn 78.66 Bn 2.78 Bn 2.10
4 Ecolab 76.59 Bn 75.97 Bn 1.85 Bn 0.84
5 Air Products & Chemicals 62.39 Bn 63.94 Bn 987.40 Mn 1.11
6 Ppg Industries 26.44 Bn 24.97 Bn 1.66 Bn 0.87
7 International Flavors & Fragrances 19.67 Bn 19.14 Bn 1.02 Bn 0.41
8 DuPont de Nemours 19.57 Bn 19.68 Bn 602.00 Mn 0.22
9 LyondellBasell Industries 19.28 Bn 19.39 Bn 701.00 Mn 1.26
10 Ashland 3,118.57 -343.00 Mn 147.00 Mn 0.74

Historic Data

Download Data
DateValue
Mar 31, 2026 0.74
Dec 31, 2025 154.11
Sep 30, 2025 0.73
Jun 30, 2025 0.73
Mar 31, 2025 0.54
Dec 31, 2024 0.42
Sep 30, 2024 1,349.00
Jun 30, 2024 0.45
Mar 31, 2024 221.33
Dec 31, 2023 -2.98
Sep 30, 2023 0.43
Jun 30, 2023 0.42
Mar 31, 2023 0.41
Dec 31, 2022 0.40
Sep 30, 2022 0.39
Jun 30, 2022 0.40
Mar 31, 2022 0.40
Dec 31, 2021 0.71
Sep 30, 2021 0.58
Jun 30, 2021 0.49