Ardmore Shipping Balance Sheet Health
Financial Health criteria checks 6/6
Ardmore Shipping has a total shareholder equity of $646.0M and total debt of $25.0M, which brings its debt-to-equity ratio to 3.9%. Its total assets and total liabilities are $703.8M and $57.8M respectively. Ardmore Shipping's EBIT is $54.5M making its interest coverage ratio 17.5. It has cash and short-term investments of $49.5M.
Key information
3.87%
Debt to equity ratio
US$25.00m
Debt
| Interest coverage ratio | 17.5x |
| Cash | US$49.48m |
| Equity | US$646.03m |
| Total liabilities | US$57.79m |
| Total assets | US$703.82m |
Recent financial health updates
Does Ardmore Shipping (NYSE:ASC) Have A Healthy Balance Sheet?
Jan 13
These 4 Measures Indicate That Ardmore Shipping (NYSE:ASC) Is Using Debt Reasonably Well
Jul 12Is Ardmore Shipping (NYSE:ASC) Using Too Much Debt?
Apr 11Recent updates
Ardmore Shipping's (NYSE:ASC) Dividend Will Be $0.07
Aug 03Ardmore Shipping: Strong Balance Sheet, Low Break-Even, And An Undervalued Opportunity
Jul 31Ardmore Shipping Corporation (NYSE:ASC) Looks Inexpensive But Perhaps Not Attractive Enough
Apr 06Ardmore Shipping: Undervalued And A Prime Takeover Candidate
Mar 27Ardmore Shipping's (NYSE:ASC) Promising Earnings May Rest On Soft Foundations
Mar 14Ardmore Shipping: Strong Fundamentals, Low Valuation Make It Super Attractive
Feb 17Downgrade: Here's How Analysts See Ardmore Shipping Corporation (NYSE:ASC) Performing In The Near Term
Feb 16Ardmore Shipping: Trading Significantly Below NAV While Day Rates Continue To Advance
Jan 28Does Ardmore Shipping (NYSE:ASC) Have A Healthy Balance Sheet?
Jan 13Ardmore Shipping: Net Cash Balance Sheet With Meaningful Exposure To Chemical Tanker Market
Dec 23Ardmore Shipping: Appealing Again At A Massive Discount And Attractive Yield; Rating Upgrade
Nov 19Lacklustre Performance Is Driving Ardmore Shipping Corporation's (NYSE:ASC) 28% Price Drop
Nov 07Ardmore Shipping: Healthy Financials, Yet Not Good Enough (Rating Downgrade)
Oct 25Ardmore Shipping: Improving Financials, But Nothing Exciting (Rating Upgrade)
Oct 16
Fleet Modernization And Tech Integration Promise Growth Amid Analyst Concerns Over Revenue Decline
The focus on leadership transition, fleet modernization, and technology integration aims to boost efficiency, shareholder value, and reduce operational costs.Ardmore Shipping Is A Triple Play Of Wide Operating Margins, Robust Dividends, And A Strong Balance Sheet
Sep 10Investors Should Be Encouraged By Ardmore Shipping's (NYSE:ASC) Returns On Capital
Aug 23Ardmore Shipping: Strong Buy Driven By Market Outlook And Company Fundamentals
Aug 13Ardmore Shipping Is A Buy For Its Yield And Adaptability
Jul 23These 4 Measures Indicate That Ardmore Shipping (NYSE:ASC) Is Using Debt Reasonably Well
Jul 12Ardmore Shipping: Safety In The Seas As TCE Rates May Permanently Elevate
May 12Ardmore Shipping Corporation's (NYSE:ASC) Share Price Boosted 30% But Its Business Prospects Need A Lift Too
May 10Is Ardmore Shipping (NYSE:ASC) Using Too Much Debt?
Apr 11Ardmore Shipping: A Relatively Cheap Yield Play
Apr 09Ardmore Shipping: A Bet On The MR Tanker Market For Income-Minded Investors
Apr 03Ardmore Shipping: Solid Q4, But Q1 Will Be Even Better
Feb 21Ardmore Shipping Set To Benefit From Improving Spot Rates
Dec 19Why I Continue To Include Ardmore Shipping In My Value Portfolio
Nov 17Ardmore Shipping: Lagging Peers, Time To Catch Up
Oct 26Ardmore Shipping: Transformation Phase, Sustainability Efforts, And Cheap
Oct 03Ardmore Shipping: TCE Rates Rebounding And The Stock Is Attractively Priced
Sep 10Financial Position Analysis
Short Term Liabilities: ASC's short term assets ($120.1M) exceed its short term liabilities ($30.9M).
Long Term Liabilities: ASC's short term assets ($120.1M) exceed its long term liabilities ($26.9M).
Debt to Equity History and Analysis
Debt Level: ASC has more cash than its total debt.
Reducing Debt: ASC's debt to equity ratio has reduced from 61.1% to 3.9% over the past 5 years.
Debt Coverage: ASC's debt is well covered by operating cash flow (401.4%).
Interest Coverage: ASC's interest payments on its debt are well covered by EBIT (17.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/08/13 05:16 |
| End of Day Share Price | 2025/08/13 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Ardmore Shipping Corporation is covered by 17 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Wilhelm Flinder | ABN AMRO Bank N.V. |
| Noah Parquette | Canaccord Genuity |
| Bjorn Roed | Danske Bank |