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Relatively High Debt to Asset Ratio Detected in Shares of Huntsman in the Diversified Chemicals Industry (HUN, SOA, PENX, ASH, DOW)
Feb 13, 2012 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Diversified Chemicals industry with the highest debt to asset ratios. The Debt/Asset ratio shows the proportion of a company's assets that are financed through debt. If the ratio is greater than one, most of the company's assets are financed through debt.Huntsman ranks highest with a a debt to asset ratio of 0.45. Following is Solutia with a a debt to asset ratio of 0.37. Penford ranks third highest with a a debt to asset ratio of 0.30.
Ashland follows with a a debt to asset ratio of 0.30, and Dow Chemical rounds out the top five with a a debt to asset ratio of 0.29.
SmarTrend recommended that subscribers consider buying shares of Dow Chemical on December 5th, 2011 as our technology indicated a new Uptrend was in progress when shares hit $28.13. Since that recommendation, shares of Dow Chemical have risen 20.9%. We continue to monitor Dow Chemical for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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