Ardmore Shipping Balance Sheet Health
Financial Health criteria checks 6/6
Ardmore Shipping has a total shareholder equity of $654.8M and total debt of $44.2M, which brings its debt-to-equity ratio to 6.7%. Its total assets and total liabilities are $742.0M and $87.3M respectively. Ardmore Shipping's EBIT is $145.3M making its interest coverage ratio 17.8. It has cash and short-term investments of $47.4M.
Key information
6.7%
Debt to equity ratio
US$44.18m
Debt
Interest coverage ratio | 17.8x |
Cash | US$47.40m |
Equity | US$654.76m |
Total liabilities | US$87.27m |
Total assets | US$742.03m |
Recent financial health updates
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 11Here'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 27Recent updates
Ardmore 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 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 28Financial Position Analysis
Short Term Liabilities: ASC's short term assets ($142.4M) exceed its short term liabilities ($40.7M).
Long Term Liabilities: ASC's short term assets ($142.4M) exceed its long term liabilities ($46.6M).
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 63.3% to 6.7% over the past 5 years.
Debt Coverage: ASC's debt is well covered by operating cash flow (358.3%).
Interest Coverage: ASC's interest payments on its debt are well covered by EBIT (17.8x coverage).