Ardmore Shipping (ASC) Debt Metrics
Market Cap: $413.05M
Avg Volume: 732.62K
Industry: Marine Shipping
Sector: Industrials
How much debt does Ardmore Shipping have?
According to Ardmore Shipping's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Ardmore Shipping's total debt stands at $44.24M. This is broken down into:
- Long-term debt: $39.27M
- Short-term debt: $4.96M
The company's net debt, which accounts for cash and cash equivalents, is $-2.75M. In terms of overall financial obligations, Ardmore Shipping's total liabilities amount to $69.38M.
Debt Ratios and Metrics
To better understand Ardmore Shipping's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.07 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 6.28% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 18.93 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 5.75% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 6.51% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Ardmore Shipping's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$44.24M
Long-term Debt
$39.27M
Short-term Debt
$4.96M
Net Debt
$-2.75M
Total Liabilities
$69.38M
Interest Coverage
18.93
Debt to Equity Ratio
0.07
Debt Ratio
6.28%
Ardmore Shipping Historical Debt Metrics
Ardmore Shipping Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $44.24M | $39.27M | $4.96M | $-2.75M | $69.38M | 0.07 | 6.28% | 18.93 | 5.75% | 6.51% |
| 2023 | $93.99M | $81.71M | $12.27M | $47.18M | $116.51M | 0.16 | 13.60% | 11.54 | 6.45% | 14.06% |
| 2022 | $184.62M | $163.48M | $21.14M | $134.05M | $217.42M | 0.36 | 25.51% | 10.29 | 18.62% | 26.72% |
| 2021 | $372.55M | $336.09M | $36.46M | $317.10M | $395.53M | 1.13 | 51.42% | -1.18 | 28.32% | 53.10% |
| 2020 | $409.71M | $368.34M | $41.77M | $351.35M | $431.67M | 1.28 | 54.48% | 1.04 | 36.99% | 56.12% |
| 2019 | $424.43M | $385.95M | $38.48M | $372.71M | $446.38M | 1.30 | 54.95% | 0.64 | 36.46% | 56.55% |
| 2018 | $471.80M | $422.64M | $49.16M | $414.90M | $498.18M | 1.36 | 55.85% | -0.35 | 37.22% | 57.65% |
| 2017 | $446.92M | $406.31M | $40.61M | $407.46M | $464.57M | 1.17 | 52.86% | 0.40 | 49.09% | 53.98% |
| 2016 | $462.34M | $420.36M | $41.99M | $406.39M | $479.37M | 1.14 | 52.32% | 1.35 | 50.44% | 53.35% |
| 2015 | $415.01M | $361.23M | $53.79M | $374.90M | $430.59M | 1.19 | 53.33% | 3.61 | 50.96% | 54.42% |
Related Metrics
Explore detailed financial metrics and analysis for ASC.