Ardmore Shipping Balance Sheet Health
Financial Health criteria checks 6/6
Ardmore Shipping has a total shareholder equity of $664.0M and total debt of $22.5M, which brings its debt-to-equity ratio to 3.4%. Its total assets and total liabilities are $722.8M and $58.8M respectively. Ardmore Shipping's EBIT is $146.6M making its interest coverage ratio 22.7. It has cash and short-term investments of $47.6M.
Key information
3.4%
Debt to equity ratio
US$22.52m
Debt
| Interest coverage ratio | 22.7x |
| Cash | US$47.57m |
| Equity | US$664.04m |
| Total liabilities | US$58.77m |
| Total assets | US$722.81m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: A61's short term assets ($132.8M) exceed its short term liabilities ($37.2M).
Long Term Liabilities: A61's short term assets ($132.8M) exceed its long term liabilities ($21.6M).
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 62.9% to 3.4% over the past 5 years.
Debt Coverage: A61's debt is well covered by operating cash flow (693.7%).
Interest Coverage: A61's interest payments on its debt are well covered by EBIT (22.7x coverage).