ASHAshland Inc.
Is it safe?
Strong, no red flags: a safe balance sheet.
Financially healthy, low distress risk Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -57% · now 8% below its 52-week high.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can ASH take a bad year?
Ashland Inc. carries $934M of net debt at 3.15× EBITDA: a load its earnings can carry.
Net debt · as at Q3 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 3.15×
Net debt / EBITDA
- Altman Z-score
- 1.40
Altman Z-score · distress zone, below 1.8
- Debt / equity
- 0.73×
Debt / equity
Details›
- Total debtQ3 2026
- $1.37B
- Cash and short-term investments
- $440M
- Net debt
- $934M
- EBITDA, trailing twelve months
- $297M
- Operating profit, trailing twelve months
- $137M
- Debt / equity
- 0.73×
- Total debt / EBITDA
- 4.63×
- Annualised volatilitytwo years of daily moves
- 38%
- Worst drawdown on file
- −57%
- Below its 52-week high
- 7.6%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Specialty Chemicals
Ranks #20 of 33 by RyuScore