Ashland Depreciation vs Free Cash Flow Analysis

ASH Stock

USD 63.74 0.43 0.67%

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 Depreciation and its Free Cash Flow 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 closely tied with the direction of predictive economic indicators such as signals in state.

Depreciation vs Free Cash Flow

Depreciation vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ashland Global Holdings Depreciation account and Free Cash Flow. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Ashland Global's Depreciation and Free Cash Flow is 0.18. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Free Cash Flow 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 Depreciation and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Ashland Global Holdings are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Depreciation i.e., Ashland Global's Depreciation and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.18

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Depreciation

Depreciation indicates how much of Ashland Global Holdings value has been used up. For tax purposes Ashland Global can deduct the cost of the tangible assets it purchases as business expenses. However, Ashland Global Holdings must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

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 closely tied 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 12.83, while Selling General Administrative is projected to decrease to under 345.4 M.

	2022	2023	2024	2025 (projected)
Gross Profit	668M	618M	556.2M	528.4M
Total Revenue	2.2B	2.1B	1.9B	1.8B

Gross Profit Total Revenue

Ashland Global fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock	Common Stock Total Equity
Total Assets		0.94	0.08	0.72	0.75	0.89	0.91	0.39	0.52	0.97	-0.04	0.52	0.68	0.89	0.98	0.91	0.31	-0.11	0.97	-0.1	0.86	0.72	0.87	0.23	0.45	-0.45
Short Long Term Debt Total	0.94		0.03	0.69	0.64	0.81	0.92	0.33	0.65	0.9	0.09	0.65	0.59	0.76	0.97	0.77	0.38	-0.1	0.93	-0.15	0.84	0.78	0.8	0.15	0.48	-0.48
Other Current Liab	0.08	0.03		0.66	-0.44	0.47	-0.02	-0.66	0.11	-0.04	-0.28	0.11	0.62	0.24	0.15	-0.13	0.16	0.69	0.27	-0.37	0.32	0.08	-0.22	0.91	-0.82	0.82
Total Current Liabilities	0.72	0.69	0.66		0.23	0.92	0.66	-0.14	0.39	0.65	-0.29	0.38	0.95	0.72	0.77	0.5	0.3	0.39	0.82	-0.31	0.74	0.73	0.53	0.78	-0.22	0.22
Total Stockholder Equity	0.75	0.64	-0.44	0.23		0.49	0.7	0.8	0.2	0.85	-0.05	0.2	0.23	0.55	0.65	0.86	0.17	-0.37	0.56	0.18	0.39	0.45	0.91	-0.27	0.79	-0.79
Property Plant And Equipment Net	0.89	0.81	0.47	0.92	0.49		0.8	0.05	0.42	0.84	-0.23	0.42	0.88	0.84	0.9	0.74	0.32	0.23	0.93	-0.24	0.82	0.7	0.71	0.6	0.04	-0.04
Net Debt	0.91	0.92	-0.02	0.66	0.7	0.8		0.3	0.29	0.93	0.04	0.29	0.56	0.76	0.89	0.78	0.4	0.0	0.87	-0.12	0.66	0.82	0.88	0.15	0.46	-0.46
Retained Earnings	0.39	0.33	-0.66	-0.14	0.8	0.05	0.3		0.23	0.46	0.0	0.23	-0.08	0.15	0.3	0.6	0.0	-0.77	0.18	0.57	0.15	0.13	0.58	-0.51	0.82	-0.82
Cash	0.52	0.65	0.11	0.39	0.2	0.42	0.29	0.23		0.38	0.12	1.0	0.36	0.38	0.62	0.36	0.15	-0.24	0.58	-0.14	0.75	0.31	0.24	0.09	0.26	-0.26
Non Current Assets Total	0.97	0.9	-0.04	0.65	0.85	0.84	0.93	0.46	0.38		-0.04	0.38	0.6	0.83	0.93	0.92	0.3	-0.09	0.9	-0.07	0.72	0.71	0.94	0.14	0.53	-0.53
Non Currrent Assets Other	-0.04	0.09	-0.28	-0.29	-0.05	-0.23	0.04	0.0	0.12	-0.04		0.13	-0.44	-0.1	-0.01	-0.14	0.28	-0.19	-0.03	0.05	-0.03	-0.06	-0.11	-0.44	0.29	-0.29
Cash And Short Term Investments	0.52	0.65	0.11	0.38	0.2	0.42	0.29	0.23	1.0	0.38	0.13		0.35	0.38	0.62	0.36	0.15	-0.25	0.59	-0.14	0.75	0.3	0.23	0.08	0.26	-0.26
Net Receivables	0.68	0.59	0.62	0.95	0.23	0.88	0.56	-0.08	0.36	0.6	-0.44	0.35		0.71	0.71	0.55	0.03	0.3	0.77	-0.24	0.72	0.63	0.5	0.83	-0.25	0.25
Common Stock Shares Outstanding	0.89	0.76	0.24	0.72	0.55	0.84	0.76	0.15	0.38	0.83	-0.1	0.38	0.71		0.85	0.77	0.21	-0.03	0.91	-0.21	0.86	0.65	0.69	0.38	0.22	-0.22
Non Current Liabilities Total	0.98	0.97	0.15	0.77	0.65	0.9	0.89	0.3	0.62	0.93	-0.01	0.62	0.71	0.85		0.85	0.34	-0.06	0.99	-0.14	0.9	0.74	0.81	0.29	0.38	-0.38
Inventory	0.91	0.77	-0.13	0.5	0.86	0.74	0.78	0.6	0.36	0.92	-0.14	0.36	0.55	0.77	0.85		0.11	-0.3	0.81	0.17	0.7	0.51	0.88	0.08	0.56	-0.56
Other Current Assets	0.31	0.38	0.16	0.3	0.17	0.32	0.4	0.0	0.15	0.3	0.28	0.15	0.03	0.21	0.34	0.11		0.15	0.32	0.03	0.27	0.37	0.27	-0.04	0.16	-0.16
Other Stockholder Equity	-0.11	-0.1	0.69	0.39	-0.37	0.23	0.0	-0.77	-0.24	-0.09	-0.19	-0.25	0.3	-0.03	-0.06	-0.3	0.15		0.01	-0.67	-0.13	0.1	-0.17	0.59	-0.67	0.67
Total Liab	0.97	0.93	0.27	0.82	0.56	0.93	0.87	0.18	0.58	0.9	-0.03	0.59	0.77	0.91	0.99	0.81	0.32	0.01		-0.19	0.93	0.73	0.75	0.4	0.26	-0.26
Property Plant And Equipment Gross	-0.1	-0.15	-0.37	-0.31	0.18	-0.24	-0.12	0.57	-0.14	-0.07	0.05	-0.14	-0.24	-0.21	-0.14	0.17	0.03	-0.67	-0.19		-0.14	-0.27	0.06	-0.29	0.28	-0.28
Total Current Assets	0.86	0.84	0.32	0.74	0.39	0.82	0.66	0.15	0.75	0.72	-0.03	0.75	0.72	0.86	0.9	0.7	0.27	-0.13	0.93	-0.14		0.58	0.55	0.4	0.18	-0.18
Short Term Debt	0.72	0.78	0.08	0.73	0.45	0.7	0.82	0.13	0.31	0.71	-0.06	0.3	0.63	0.65	0.74	0.51	0.37	0.1	0.73	-0.27	0.58		0.74	0.25	0.28	-0.28
Intangible Assets	0.87	0.8	-0.22	0.53	0.91	0.71	0.88	0.58	0.24	0.94	-0.11	0.23	0.5	0.69	0.81	0.88	0.27	-0.17	0.75	0.06	0.55	0.74		0.0	0.64	-0.64
Accounts Payable	0.23	0.15	0.91	0.78	-0.27	0.6	0.15	-0.51	0.09	0.14	-0.44	0.08	0.83	0.38	0.29	0.08	-0.04	0.59	0.4	-0.29	0.4	0.25	0.0		-0.74	0.74
Common Stock	0.45	0.48	-0.82	-0.22	0.79	0.04	0.46	0.82	0.26	0.53	0.29	0.26	-0.25	0.22	0.38	0.56	0.16	-0.67	0.26	0.28	0.18	0.28	0.64	-0.74		-1.0
Common Stock Total Equity	-0.45	-0.48	0.82	0.22	-0.79	-0.04	-0.46	-0.82	-0.26	-0.53	-0.29	-0.26	0.25	-0.22	-0.38	-0.56	-0.16	0.67	-0.26	-0.28	-0.18	-0.28	-0.64	0.74	-1.0

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Ashland Global Account Relationship Matchups

Ashland Global fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	6.6B	6.2B	5.9B	5.6B	6.5B	7.8B
Short Long Term Debt Total	2.1B	1.4B	1.5B	1.5B	1.7B	1.9B
Other Current Liab	301M	316M	208M	256M	230.4M	301.9M
Total Current Liabilities	934M	553M	456M	490M	441M	419.0M
Total Stockholder Equity	2.8B	3.2B	3.1B	2.9B	3.3B	2.8B
Property Plant And Equipment Net	1.6B	1.4B	1.5B	1.4B	1.3B	1.6B
Net Debt	1.9B	737M	1.0B	1.2B	1.3B	1.5B
Retained Earnings	2.8B	3.7B	3.6B	3.3B	3.8B	2.5B
Cash	210M	646M	417M	300M	345M	449.2M
Non Current Assets Total	4.9B	4.4B	4.4B	4.5B	5.1B	5.3B
Non Currrent Assets Other	781M	702M	233M	892M	802.8M	883.6M
Cash And Short Term Investments	210M	646M	417M	300M	345M	474.1M
Net Receivables	350M	382M	338M	227M	204.3M	194.1M
Liabilities And Stockholders Equity	6.6B	6.2B	5.9B	5.6B	6.5B	7.8B
Non Current Liabilities Total	2.9B	2.4B	2.4B	2.3B	2.6B	3.4B
Inventory	473M	629M	626M	545M	626.8M	649.5M
Other Current Assets	165M	684M	111M	125M	141.5M	134.4M
Other Stockholder Equity	769M	327M	135M	4M	3.6M	3.4M
Total Liab	3.9B	3.0B	2.8B	2.8B	3.2B	5.0B
Property Plant And Equipment Gross	3.1B	3.1B	3.3B	3.4B	3.9B	2.4B
Total Current Assets	1.7B	1.8B	1.5B	1.2B	1.4B	2.6B
Accumulated Other Comprehensive Income	(372M)	(569M)	(503M)	(448M)	(515.2M)	(541.0M)
Short Term Debt	397M	19M	38M	20M	23M	21.9M
Intangible Assets	1.1B	963M	886M	757M	870.6M	710.9M
Accounts Payable	236M	265M	210M	214M	192.6M	183.0M
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	1.3B	1.3B	1.3B	1.6B	1.9B
Good Will	1.4B	1.3B	1.4B	1.4B	1.6B	1.8B
Property Plant Equipment	1.6B	1.4B	1.4B	1.5B	1.7B	1.9B
Short Term Investments	37M	61M	77M	73M	65.7M	62.5M
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

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When determining whether Ashland Global Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ashland Global's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ashland Global Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ashland Global Holdings Stock:

How To Invest In Ashland

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Is Ashland Stock a good investment?

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What is Ashland Global's Net Worth?

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Largest Specialty Chemicals Companies

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Largest Basic Materials Companies

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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 closely tied with the direction of predictive economic indicators such as signals in state.

You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

Is Specialty Chemicals space 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

(0.88)

Earnings Share

(0.10)

Revenue Per Share

42.26

Quarterly Revenue Growth

0.01

Return On Assets

0.0066

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.

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Ashland Depreciation vs Free Cash Flow Analysis

Depreciation vs Free Cash Flow

Depreciation vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Depreciation

Free Cash Flow

Ashland Global fundamental ratios Correlations

Ashland Global Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ashland Global fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Non Current Liabilities Total
Non Current Liabilities Total	+ 0.98	Total Assets
Non Current Assets Total	+ 0.97	Total Assets
Total Liab	+ 0.97	Total Assets
Non Current Liabilities Total	+ 0.97	Short Long Term Debt Total

Common Stock Total Equity	- 1.0	Common Stock
Common Stock Total Equity	- 0.82	Retained Earnings
Common Stock	- 0.82	Other Current Liab
Common Stock Total Equity	- 0.79	Total Stockholder Equity
Other Stockholder Equity	- 0.77	Retained Earnings
Common Stock	- 0.74	Accounts Payable