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
Is Ardmore Shipping (NYSE:ASC) Using Too Much Debt?
Apr 11
Here's Why Ardmore Shipping (NYSE:ASC) Can Manage Its Debt Responsibly
Mar 14These 4 Measures Indicate That Ardmore Shipping (NYSE:ASC) Is Using Debt Extensively
Sep 27Ardmore Shipping (NYSE:ASC) Has Debt But No Earnings; Should You Worry?
Apr 28Recent updates
Is 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 10Ardmore Shipping: An Improving Market And A Probable Special Dividend
Aug 14Ardmore Shipping: Forecasting Favorable Winds In The Market
Aug 08Ardmore Shipping: The 10% Dividend Yield Is Reliable
Jul 03Adding Ardmore Shipping To My Value Portfolio
Jun 02Lacklustre Performance Is Driving Ardmore Shipping Corporation's (NYSE:ASC) Low P/E
Apr 18Here's Why Ardmore Shipping (NYSE:ASC) Can Manage Its Debt Responsibly
Mar 14Ardmore Shipping (NYSE:ASC) Is Investing Its Capital With Increasing Efficiency
Feb 15Ardmore Shipping Non-GAAP EPS of $1.30 beats by $0.01, revenue of $132.83M beats by $41.64M
Feb 14Ardmore Shipping Is Sailing With The Wind At Its Back
Jan 17Ardmore Shipping Corporation's (NYSE:ASC) Intrinsic Value Is Potentially 48% Above Its Share Price
Dec 14Ardmore Shipping Will Likely Carry Over Its Stock Rally Into 2023
Dec 12Robust Earnings May Not Tell The Whole Story For Ardmore Shipping (NYSE:ASC)
Nov 09Ardmore Shipping: Amazing Business Prospects
Oct 31Ardmore Shipping: Stock Is On A Robust Upside
Oct 18These 4 Measures Indicate That Ardmore Shipping (NYSE:ASC) Is Using Debt Extensively
Sep 27Need To Know: Analysts Are Much More Bullish On Ardmore Shipping Corporation (NYSE:ASC)
Jul 28Ardmore Shipping Non-GAAP EPS of $0.81 beats by $0.09, revenue of $107.1M beats by $45.98M
Jul 27Is Ardmore Shipping Corporation (NYSE:ASC) Trading At A 44% Discount?
Jul 20Ardmore Shipping: Structural Support Despite Being High In The Cycle
Jul 03Need To Know: Analysts Are Much More Bullish On Ardmore Shipping Corporation (NYSE:ASC)
May 06Ardmore Shipping (NYSE:ASC) Has Debt But No Earnings; Should You Worry?
Apr 28Why It Is Time To Invest In Product Tankers
Apr 11Financial Position Analysis
Short Term Liabilities: ASC's short term assets ($126.8M) exceed its short term liabilities ($33.8M).
Long Term Liabilities: ASC's short term assets ($126.8M) exceed its long term liabilities ($82.7M).
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 65.9% to 8% over the past 5 years.
Debt Coverage: ASC's debt is well covered by operating cash flow (346.8%).
Interest Coverage: ASC's interest payments on its debt are well covered by EBIT (13.4x coverage).