Ashland Retained Earnings vs Total Current Liabilities Analysis
ASH Stock | USD 98.36 0.32 0.33% |
Ashland Global financial indicator trend analysis is way more than just evaluating Ashland Global Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ashland Global Holdings is a good investment. Please check the relationship between Ashland Global Retained Earnings and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ashland Global Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
Retained Earnings vs Total Current Liabilities
Retained Earnings vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ashland Global Holdings Retained Earnings account and Total Current Liabilities. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Ashland Global's Retained Earnings and Total Current Liabilities is -0.14. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Ashland Global Holdings, assuming nothing else is changed. The correlation between historical values of Ashland Global's Retained Earnings and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Ashland Global Holdings are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Retained Earnings i.e., Ashland Global's Retained Earnings and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.14 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Total Current Liabilities
Total Current Liabilities is an item on Ashland Global balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Ashland Global Holdings are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from Ashland Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ashland Global Holdings current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ashland Global Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. As of now, Ashland Global's Enterprise Value Over EBITDA is increasing as compared to previous years. The Ashland Global's current Enterprise Value Multiple is estimated to increase to 12.59, while Selling General Administrative is projected to decrease to under 310.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 830M | 668M | 601.2M | 571.1M | Total Revenue | 2.4B | 2.2B | 2.0B | 1.9B |
Ashland Global fundamental ratios Correlations
Click cells to compare fundamentals
Ashland Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ashland Global fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.9B | 6.6B | 6.2B | 5.9B | 6.8B | 7.9B | |
Short Long Term Debt Total | 2B | 2.1B | 1.4B | 1.5B | 1.7B | 1.9B | |
Other Current Liab | 277M | 50M | 269M | 208M | 187.2M | 265.1M | |
Total Current Liabilities | 813M | 934M | 553M | 456M | 410.4M | 389.9M | |
Total Stockholder Equity | 3.0B | 2.8B | 3.2B | 3.1B | 3.6B | 2.8B | |
Property Plant And Equipment Net | 1.7B | 1.6B | 1.4B | 1.5B | 1.3B | 1.6B | |
Net Debt | 1.5B | 1.9B | 737M | 1.0B | 1.2B | 1.5B | |
Retained Earnings | 2.6B | 2.8B | 3.7B | 3.6B | 4.1B | 2.4B | |
Cash | 454M | 210M | 646M | 417M | 479.6M | 452.2M | |
Non Current Assets Total | 5.3B | 4.9B | 4.4B | 4.4B | 5.1B | 5.3B | |
Non Currrent Assets Other | 826M | 781M | 702M | 541M | 486.9M | 894.3M | |
Cash And Short Term Investments | 454M | 210M | 646M | 417M | 479.6M | 477.8M | |
Net Receivables | 471M | 369M | 402M | 338M | 304.2M | 289.0M | |
Liabilities And Stockholders Equity | 6.9B | 6.6B | 6.2B | 5.9B | 6.8B | 7.9B | |
Non Current Liabilities Total | 3.0B | 2.9B | 2.4B | 2.4B | 2.7B | 3.5B | |
Inventory | 529M | 473M | 629M | 626M | 719.9M | 650.7M | |
Other Current Assets | 64M | 87M | 68M | 125M | 112.5M | 112.7M | |
Other Stockholder Equity | 769M | 327M | 135M | 4M | 3.6M | 3.4M | |
Total Liab | 3.8B | 3.9B | 3.0B | 2.8B | 3.3B | 5.1B | |
Property Plant And Equipment Gross | 1.7B | 3.1B | 3.1B | 3.3B | 3.8B | 2.4B | |
Total Current Assets | 1.5B | 1.7B | 1.8B | 1.5B | 1.7B | 2.6B | |
Accumulated Other Comprehensive Income | (383M) | (372M) | (569M) | (503M) | (578.5M) | (607.4M) | |
Short Term Debt | 303M | 397M | 19M | 38M | 43.7M | 41.5M | |
Intangible Assets | 1.0B | 1.1B | 963M | 886M | 1.0B | 707.8M | |
Accounts Payable | 233M | 236M | 265M | 210M | 189M | 179.6M | |
Other Liab | 1.3B | 1.2B | 1.1B | 966M | 1.1B | 2.0B | |
Other Assets | 994M | 815M | 725M | 563M | 647.5M | 664.0M | |
Long Term Debt | 1.6B | 1.6B | 1.3B | 1.3B | 1.5B | 1.9B | |
Good Will | 1.8B | 1.4B | 1.3B | 1.4B | 1.6B | 1.8B | |
Property Plant Equipment | 1.6B | 1.4B | 1.4B | 1.5B | 1.7B | 1.9B | |
Net Tangible Assets | 265M | 223M | 945M | 843M | 969.5M | 1.0B | |
Deferred Long Term Liab | 4M | 229M | 237M | 2M | 2.3M | 2.2M | |
Long Term Investments | 6M | 136M | 134M | 3M | 2.7M | 2.6M | |
Short Long Term Debt | 166M | 280M | 374M | 16M | 18.4M | 17.5M | |
Long Term Debt Total | 1.6B | 1.6B | 1.3B | 1.3B | 1.2B | 1.6B | |
Capital Surpluse | 756M | 769M | 327M | 135M | 121.5M | 115.4M |
Pair Trading with Ashland Global
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ashland Global position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ashland Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Ashland Stock
0.83 | DD | Dupont De Nemours Sell-off Trend | PairCorr |
0.61 | FF | FutureFuel Corp | PairCorr |
Moving against Ashland Stock
0.55 | WDFC | WD 40 Company Financial Report 8th of July 2024 | PairCorr |
The ability to find closely correlated positions to Ashland Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ashland Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ashland Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ashland Global Holdings to buy it.
The correlation of Ashland Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ashland Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ashland Global Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ashland Global can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ashland Global Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Ashland Stock analysis
When running Ashland Global's price analysis, check to measure Ashland Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ashland Global is operating at the current time. Most of Ashland Global's value examination focuses on studying past and present price action to predict the probability of Ashland Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ashland Global's price. Additionally, you may evaluate how the addition of Ashland Global to your portfolios can decrease your overall portfolio volatility.
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Is Ashland Global's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ashland Global. If investors know Ashland will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ashland Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.432 | Dividend Share 1.54 | Earnings Share 3.62 | Revenue Per Share 41.392 | Quarterly Revenue Growth (0.05) |
The market value of Ashland Global Holdings is measured differently than its book value, which is the value of Ashland that is recorded on the company's balance sheet. Investors also form their own opinion of Ashland Global's value that differs from its market value or its book value, called intrinsic value, which is Ashland Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ashland Global's market value can be influenced by many factors that don't directly affect Ashland Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ashland Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ashland Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ashland Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.