Ashland (Ashland) Interest Expense : $-54 Mil (TTM As of Dec. 2023)

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What is Ashland Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ashland's interest expense for the three months ended in Dec. 2023 was $ -13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-54 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Ashland's Operating Income for the three months ended in Dec. 2023 was $ -18 Mil. Ashland's Interest Expense for the three months ended in Dec. 2023 was $ -13 Mil. Ashland did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Ashland Interest Expense Historical Data

The historical data trend for Ashland's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ashland Interest Expense Chart

Ashland Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-114.00

-88.00

-69.00

-62.00

-54.00

Ashland Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-14.00	-14.00	-14.00	-13.00	-13.00

Ashland Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-54 Mil.

Ashland (NYSE:ASH) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Ashland's Interest Expense for the three months ended in Dec. 2023 was $-13 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-18 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,448 Mil.

Ashland's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Ashland did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Ashland (Ashland) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ashland Inc (NYSE:ASH) » Definitions » Interest Expense

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AHT:Germany

Address

8145 Blazer Drive, Wilmington, DE, USA, 19808

Website

http://www.ashland.com

Ashland Inc is a world-wide specialty materials company that serves a wide range of industrial markets. The company has a business-centric operating model and is organized into four distinct segments: life sciences, personal care, specialty additives, and intermediates. Key customers for the firm include pharmaceutical companies and manufacturers of personal care products, food and beverages, and nutraceuticals and supplements. The life sciences segment derives maximum revenue. Ashland includes only U.S. and Canada in its North America designation and includes Europe, the Middle East and Africa in its Europe designation.

Executives

Eric N Boni	officer: Principal Accounting Officer	8145 BLAZER DRIVE, WILMINGTON DE 19808
J Kevin Willis	officer: Chief Financial Officer	50 E RIVERCENTER BLVD, COVINGTON KY 41011
James P. Minicucci	officer: SVP Strategy, M&A & Portfolio	5474 RINGS ROAD, NORTH TOWER, 5TH FLOOR, DUBLIN OH 43017
Karl R. Bostaph	officer: SVP Operations	5474 RINGS ROAD, NORTH TOWER, 5TH FLOOR, DUBLIN OH 43017
Robin E. Lampkin	officer: SVP, Gen. Counsel & Secretary	5475 RINGS ROAD, NORTH TOWER, 5TH FLOOR, DUBLIN OH 43017
Sergio Pedreiro	director	2 PARK AVENUE, NEW YORK NY 10016
Eileen Drury	officer: SVP and Chief Human Resources	8145 BLAZER DRIVE, WILMINGTON DE 19808
Ricky C Sandler	director, other: See Remarks	65 EAST 55TH STREET, 25TH FLOOR, NEW YORK NY 10022
Steven D Bishop	director	ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Suzan F. Harrison	director	77 WEST WACKER DRIVE, SUITE 4600, CHICAGO IL 60601
Guillermo Novo	director, officer: Chairman and CEO	AIR PRODUCTS AND CHEMICALS, INC., 7201 HAMILTON BOULEVARD, ALLENTOWN PA 18195
Winkler Von Mohrenfels Petra Yvonne	officer: Sr. VP, GC and Secretary	8145 BLAZER DRIVE, WILMINGTON DE 19808
Min Chong	officer: Sr VP & Gen Mgr, Spc Additives	8145 BLAZER DRIVE, WILMINGTON DE 19808
Osama M Musa	officer: Sr. Vice President	ASHLAND GLOBAL HOLDINGS INC, 1005 ROUTE 202/206, BRIDGEWATER NJ 08807
Swaminathan Ashok Kalyana	officer: Sr VP & Gen Mgr, Life Sciences	8145 BLAZER DRIVE, WILMINGTON DE 19808