Ardmore Shipping Balance Sheet Health
Financial Health criteria checks 6/6
Ardmore Shipping has a total shareholder equity of $574.4M and total debt of $46.0M, which brings its debt-to-equity ratio to 8%. Its total assets and total liabilities are $691.0M and $116.5M respectively. Ardmore Shipping's EBIT is $128.1M making its interest coverage ratio 13.4. It has cash and short-term investments of $46.8M.
Key information
8.0%
Debt to equity ratio
US$46.03m
Debt
Interest coverage ratio | 13.4x |
Cash | US$46.81m |
Equity | US$574.44m |
Total liabilities | US$116.51m |
Total assets | US$690.95m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: A61's short term assets ($126.8M) exceed its short term liabilities ($33.8M).
Long Term Liabilities: A61's short term assets ($126.8M) exceed its long term liabilities ($82.7M).
Debt to Equity History and Analysis
Debt Level: A61 has more cash than its total debt.
Reducing Debt: A61's debt to equity ratio has reduced from 65.9% to 8% over the past 5 years.
Debt Coverage: A61's debt is well covered by operating cash flow (346.8%).
Interest Coverage: A61's interest payments on its debt are well covered by EBIT (13.4x coverage).