Ardmore Shipping (ASC) Financials

$8.74 +0.04 (+0.47%)

As of 11:20 AM Eastern

Annual Income Statements for Ardmore Shipping

This table shows Ardmore Shipping's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	1.66	32	3.75	-12	-43	-23	-6.05	-38	135	113	129
Consolidated Net Income / (Loss)	1.66	32	3.75	-12	-43	-23	-6.05	-37	138	117	133
Net Income / (Loss) Continuing Operations	1.66	32	3.75	-12	-43	-23	-6.05	-37	138	117	133
Total Pre-Tax Income	1.71	32	3.81	-12	-43	-23	-5.85	-36	139	118	138
Total Operating Income	5.81	44	29	14	-6.38	19	28	-8.02	325	143	145
Total Gross Profit	60	128	71	60	112	134	76	40	386	195	202
Total Revenue	67	158	164	196	210	230	220	192	446	396	406
Operating Revenue	67	158	164	196	210	230	220	192	446	396	406
Total Cost of Revenue	7.00	30	94	136	98	96	144	153	60	201	204
Operating Cost of Revenue	7.00	30	94	136	98	96	144	153	60	201	204
Total Operating Expenses	55	83	42	46	118	115	47	48	60	52	57
Selling, General & Admin Expense	8.18	10	12	12	13	15	15	16	24	21	23
Depreciation Expense	15	24	30	34	35	32	32	32	29	28	30
Amortization Expense	2.03	2.12	-	-	3.64	4.80	-	-	-	3.54	3.64
Total Other Income / (Expense), net	-4.10	-12	-25	-26	-36	-42	-34	-28	-187	-25	-6.98
Interest Expense	4.12	12	18	21	27	27	18	16	190	11	5.35
Interest & Investment Income	0.02	0.02	0.16	0.44	0.61	0.95	0.28	0.06	0.47	1.82	1.82
Other Income / (Expense), net	0.00	0.00	-7.34	-5.54	-9.59	-16	-16	-12	2.96	-15	-3.45
Income Tax Expense	0.05	0.08	0.06	0.06	0.16	0.06	0.20	0.15	0.21	0.44	0.22
Other Gains / (Losses), net	-	-	-	-	-	0.00	0.00	-0.32	-0.20	-1.04	-4.51
Preferred Stock Dividends Declared	-	-	-	-	-	0.00	0.00	1.25	3.40	3.40	3.66
Basic Earnings per Share	$0.07	$1.23	$0.12	($0.37)	($1.31)	($0.69)	($0.18)	($1.12)	$3.63	$2.76	$3.09
Weighted Average Basic Shares Outstanding	24.55M	26.06M	30.14M	33.44M	32.84M	33.10M	33.24M	33.88M	37.24M	41.13M	41.66M
Diluted Earnings per Share	$0.07	$1.23	$0.12	($0.37)	($1.31)	($0.69)	($0.18)	($1.12)	$3.52	$2.71	$3.06
Weighted Average Diluted Shares Outstanding	24.55M	26.06M	30.14M	33.44M	32.84M	33.10M	33.24M	33.88M	38.36M	41.82M	42.04M
Weighted Average Basic & Diluted Shares Outstanding	24.55M	26.06M	30.14M	33.44M	32.84M	33.10M	33.24M	34.36M	40.63M	41.30M	40.46M

No quarterly income statements for Ardmore Shipping are available.

This table details how cash moves in and out of Ardmore Shipping's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	3.02	-20	16	-16	17	-5.18	6.64	-2.92	-4.88	-3.76	0.18
Net Cash From Operating Activities	12	38	43	18	9.43	20	46	-2.89	124	160	160
Net Cash From Continuing Operating Activities	12	38	43	18	9.43	20	46	-2.89	124	160	160
Net Income / (Loss) Continuing Operations	1.66	32	3.75	-12	-43	-23	-6.05	-37	138	117	133
Consolidated Net Income / (Loss)	1.66	32	3.75	-12	-43	-23	-6.05	-37	138	117	133
Depreciation Expense	15	24	30	34	35	32	32	32	29	28	30
Amortization Expense	2.95	3.83	6.13	5.98	8.31	7.36	7.97	6.79	5.62	4.78	4.77
Non-Cash Adjustments To Reconcile Net Income	-4.96	-2.69	0.74	-3.74	2.08	8.05	4.15	-3.49	11	-13	-7.25
Changes in Operating Assets and Liabilities, net	-2.08	-20	2.12	-5.61	6.84	-4.41	7.84	-1.06	-60	23	-0.38
Net Cash From Investing Activities	-210	-233	-122	-2.28	-18	24	-21	1.63	35	-27	-33
Net Cash From Continuing Investing Activities	-210	-233	-122	-2.28	-18	24	-21	1.63	35	-27	-33
Purchase of Property, Plant & Equipment	-152	-233	-175	-0.65	-0.20	-0.18	-0.09	-0.09	-0.11	-0.21	-0.43
Acquisitions	-	-	-	-	-	0.00	0.00	-5.54	-0.59	-1.24	0.00
Sale of Property, Plant & Equipment	0.00	0.00	53	0.00	0.00	27	0.00	9.90	40	0.00	27
Divestitures	-	-	-	-	-	-	-	-	0.00	0.00	1.65
Other Investing Activities, net	-57	0.00	0.00	-1.64	-17	-2.49	-21	-2.63	-3.81	-25	-61
Net Cash From Financing Activities	200	175	96	-33	26	-50	-18	-1.66	-164	-137	-127
Net Cash From Continuing Financing Activities	200	175	96	-33	26	-50	-18	-1.66	-164	-137	-127
Repayment of Debt	-20	-28	-75	-64	-195	-251	-37	-88	-152	-86	-155
Repurchase of Preferred Equity	-	-	-	-	-	-	-	-	0.00	0.00	-10
Repurchase of Common Equity	-1.28	0.00	-2.99	-11	0.00	0.00	-0.29	-	0.00	0.00	-18
Payment of Dividends	-9.64	-13	-9.33	0.00	0.00	0.00	-1.66	-0.79	-3.29	-51	-49
Issuance of Debt	129	216	119	11	3.90	201	20	0.00	132	0.00	105
Issuance of Common Equity	103	0.00	64	0.00	7.33	-	0.00	0.00	39	0.00	0.00
Cash Interest Paid	6.81	11	14	-	5.10	14	9.90	9.79	-	12	6.05
Cash Income Taxes Paid	0.01	0.04	0.12	0.06	0.14	0.05	0.14	0.20	0.05	0.54	0.11

No quarterly cash flow statements for Ardmore Shipping are available.

This table presents Ardmore Shipping's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	562	778	884	846	845	772	752	725	724	691	705
Total Current Assets	72	115	94	84	109	98	103	94	158	127	127
Cash & Equivalents	60	40	56	39	57	52	58	55	51	47	47
Accounts Receivable	4.99	26	23	27	27	30	18	20	80	56	61
Inventories, net	2.49	3.97	7.34	9.63	13	10	10	11	16	13	11
Prepaid Expenses	0.68	1.04	0.80	1.41	2.08	1.94	3.68	3.51	4.52	4.35	4.30
Other Current Assets	3.55	6.99	6.44	6.12	10	4.11	12	3.86	7.09	6.83	3.08
Plant, Property, & Equipment, net	372	659	785	752	721	661	631	612	531	524	546
Total Noncurrent Assets	118	4.16	4.42	9.84	14	14	18	18	35	40	33
Long-Term Investments	-	-	-	-	-	-	0.68	11	11	11	5.24
Other Noncurrent Operating Assets	118	4.16	3.93	9.39	11	11	14	4.25	21	26	25
Other Noncurrent Nonoperating Assets	-	-	-	-	-	-	-	0.00	2.72	2.84	2.75
Total Liabilities & Shareholders' Equity	562	778	884	846	845	772	752	725	724	691	705
Total Liabilities	235	431	479	465	498	446	432	396	217	117	69
Total Current Liabilities	30	69	59	58	76	60	63	59	53	34	30
Short-Term Debt	19	54	42	41	23	20	22	15	13	6.44	0.00
Accounts Payable	7.69	13	14	16	8.60	4.79	9.13	8.58	8.81	2.02	6.07
Accrued Expenses	-	-	-	-	16	16	11	11	21	18	18
Current Deferred Revenue	1.54	1.19	0.51	-	-	-	0.00	2.07	1.22	0.35	0.48
Other Current Liabilities	-	-	-	0.00	26	18	19	21	8.22	5.84	4.97
Other Current Nonoperating Liabilities	0.88	1.75	2.07	1.54	1.73	0.88	0.77	0.65	0.86	0.94	0.00
Total Noncurrent Liabilities	205	361	420	406	423	386	369	337	164	83	40
Long-Term Debt	179	361	411	367	206	187	188	130	116	40	39
Capital Lease Obligations	27	0.00	8.97	39	216	198	179	205	44	42	0.00
Other Noncurrent Operating Liabilities	-	-	-	0.00	1.49	1.18	1.47	1.67	4.98	1.46	0.75
Redeemable Noncontrolling Interest	-	-	-	-	-	-	0.00	37	37	37	28
Total Equity & Noncontrolling Interests	327	348	404	381	347	326	320	292	469	537	608
Total Preferred & Common Equity	327	348	404	381	347	326	320	292	469	537	608
Total Common Equity	327	348	404	381	347	326	320	292	469	537	608
Common Stock	339	338	406	406	415	417	419	426	468	472	476
Retained Earnings	-11	10	2.92	-9.57	-53	-76	-82	-120	15	81	165
Treasury Stock	-1.28	-1.28	-4.27	-15	-15	-15	-16	-16	-16	-16	-34

No quarterly balance sheets for Ardmore Shipping are available.

This table displays calculated financial ratios and metrics derived from Ardmore Shipping's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	87.71%	134.50%	4.13%	19.18%	7.27%	9.45%	-4.34%	-12.53%	131.57%	-11.16%	2.48%
EBITDA Growth	130.81%	206.14%	-20.30%	-15.36%	-43.68%	55.43%	22.25%	-64.98%	1,887.74%	-55.83%	9.86%
EBIT Growth	1,755.62%	662.50%	-51.70%	-60.21%	-287.67%	118.81%	300.62%	-267.94%	1,724.21%	-61.06%	10.48%
NOPAT Growth	2,400.40%	682.02%	-36.01%	-65.21%	-145.40%	403.36%	46.13%	-128.35%	5,886.51%	-56.15%	1.42%
Net Income Growth	143.21%	1,824.45%	-88.27%	-433.26%	-243.78%	46.76%	73.55%	-509.20%	475.91%	-15.63%	13.87%
EPS Growth	122.58%	1,657.14%	-90.24%	-408.33%	-254.05%	47.33%	73.91%	-522.22%	414.29%	-23.01%	12.92%
Operating Cash Flow Growth	52.97%	203.19%	13.21%	-56.80%	-48.81%	117.17%	125.16%	-106.26%	4,405.27%	28.50%	0.52%
Free Cash Flow Firm Growth	-42.47%	21.84%	35.44%	133.62%	53.73%	37.20%	-29.91%	-32.31%	891.16%	-51.90%	-18.06%
Invested Capital Growth	66.99%	39.42%	18.22%	-2.80%	-6.91%	-7.51%	-4.17%	-5.87%	0.27%	-2.12%	2.83%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	89.60%	80.91%	43.11%	30.78%	53.31%	58.24%	34.36%	20.65%	86.53%	49.23%	49.79%
EBITDA Margin	35.07%	45.79%	35.05%	24.89%	13.07%	18.56%	23.72%	9.49%	81.50%	40.52%	43.44%
Operating Margin	8.63%	28.06%	17.48%	7.17%	-3.04%	8.42%	12.86%	-4.17%	73.01%	36.11%	35.66%
EBIT Margin	8.63%	28.06%	13.02%	4.34%	-7.60%	1.31%	5.47%	-10.50%	73.67%	32.29%	34.81%
Profit (Net Income) Margin	2.47%	20.24%	2.28%	-6.37%	-20.43%	-9.94%	-2.75%	-19.14%	31.06%	29.50%	32.78%
Tax Burden Percent	97.26%	99.75%	98.41%	100.48%	100.38%	100.26%	103.40%	101.28%	99.71%	98.76%	96.57%
Interest Burden Percent	29.38%	72.31%	17.80%	-146.02%	267.73%	-758.80%	-48.57%	179.86%	42.28%	92.50%	97.50%
Effective Tax Rate	2.74%	0.25%	1.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.15%	0.37%	0.16%
Return on Invested Capital (ROIC)	1.43%	7.49%	3.77%	1.23%	-0.59%	1.91%	2.97%	-0.89%	52.89%	23.41%	23.66%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.05%	2.65%	-2.79%	-4.24%	-10.23%	-7.89%	-4.57%	-11.02%	-41.92%	-14.19%	-174.70%
Return on Net Nonoperating Assets (RNNOA)	-0.84%	1.98%	-2.77%	-4.41%	-11.22%	-8.71%	-4.84%	-10.46%	-19.74%	-1.79%	-1.67%
Return on Equity (ROE)	0.59%	9.47%	1.00%	-3.18%	-11.80%	-6.80%	-1.87%	-11.34%	33.15%	21.61%	21.99%
Cash Return on Invested Capital (CROIC)	-48.75%	-25.44%	-12.93%	4.07%	6.57%	9.71%	7.23%	5.16%	52.62%	25.55%	20.87%
Operating Return on Assets (OROA)	1.26%	6.61%	2.58%	0.98%	-1.89%	0.37%	1.58%	-2.74%	45.34%	18.08%	20.24%
Return on Assets (ROA)	0.36%	4.77%	0.45%	-1.44%	-5.08%	-2.83%	-0.79%	-4.99%	19.12%	16.51%	19.06%
Return on Common Equity (ROCE)	0.59%	9.47%	1.00%	-3.18%	-11.80%	-6.80%	-1.87%	-10.70%	30.21%	20.13%	20.81%
Return on Equity Simple (ROE_SIMPLE)	0.51%	9.19%	0.93%	-3.28%	-12.39%	-7.01%	-1.89%	-12.62%	29.50%	21.74%	21.89%
Net Operating Profit after Tax (NOPAT)	5.65	44	28	9.84	-4.47	14	20	-5.62	325	142	144
NOPAT Margin	8.39%	27.99%	17.20%	5.02%	-2.13%	5.89%	9.00%	-2.92%	72.90%	35.98%	35.61%
Net Nonoperating Expense Percent (NNEP)	3.49%	4.84%	6.56%	5.46%	9.64%	9.80%	7.54%	10.13%	94.81%	37.59%	198.36%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	50.63%	22.79%	22.35%
Cost of Revenue to Revenue	10.40%	19.09%	56.89%	69.22%	46.69%	41.76%	65.64%	79.35%	13.47%	50.77%	50.21%
SG&A Expenses to Revenue	12.15%	6.60%	7.33%	6.11%	6.01%	6.50%	6.87%	8.35%	5.41%	5.19%	5.78%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	80.97%	52.85%	25.64%	23.60%	56.34%	49.83%	21.50%	24.82%	13.53%	13.11%	14.13%
Earnings before Interest and Taxes (EBIT)	5.81	44	21	8.51	-16	3.01	12	-20	328	128	141
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	24	72	58	49	27	43	52	18	363	160	176
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.83	0.44	0.65	0.40	0.84	0.31	0.35	0.91	0.99	0.82
Price to Tangible Book Value (P/TBV)	0.00	0.83	0.44	0.65	0.40	0.84	0.31	0.35	0.91	0.99	0.82
Price to Revenue (P/Rev)	0.00	1.83	1.08	1.26	0.65	1.19	0.45	0.53	0.96	1.35	1.23
Price to Earnings (P/E)	0.00	9.02	47.43	0.00	0.00	0.00	0.00	0.00	3.15	4.70	3.87
Dividend Yield	4.68%	5.50%	10.47%	0.00%	0.00%	0.00%	1.65%	0.00%	0.00%	8.77%	8.97%
Earnings Yield	0.00%	11.09%	2.11%	0.00%	0.00%	0.00%	0.00%	0.00%	31.70%	21.28%	25.85%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.96	0.72	0.83	0.71	0.92	0.66	0.69	0.93	1.00	0.83
Enterprise Value to Revenue (EV/Rev)	0.00	4.20	3.55	3.34	2.50	2.73	1.96	2.20	1.29	1.51	1.26
Enterprise Value to EBITDA (EV/EBITDA)	0.00	9.17	10.14	13.40	19.10	14.71	8.25	23.16	1.58	3.74	2.90
Enterprise Value to EBIT (EV/EBIT)	0.00	14.97	27.30	76.78	0.00	208.91	35.78	0.00	1.75	4.69	3.62
Enterprise Value to NOPAT (EV/NOPAT)	0.00	15.01	20.66	66.43	0.00	46.32	21.75	0.00	1.77	4.21	3.54
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	17.61	13.70	35.49	55.66	30.67	9.34	0.00	4.62	3.76	3.19
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	20.05	10.47	9.13	8.94	12.98	1.77	3.86	4.02
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.69	1.19	1.14	1.17	1.28	1.24	1.22	1.07	0.34	0.15	0.06
Long-Term Debt to Equity	0.63	1.04	1.04	1.07	1.22	1.18	1.15	1.02	0.32	0.14	0.06
Financial Leverage	0.41	0.75	1.00	1.04	1.10	1.10	1.06	0.95	0.47	0.13	0.01
Leverage Ratio	1.64	1.99	2.21	2.20	2.32	2.40	2.36	2.27	1.73	1.31	1.15
Compound Leverage Factor	0.48	1.44	0.39	-3.22	6.22	-18.24	-1.15	4.09	0.73	1.21	1.12
Debt to Total Capital	40.74%	54.42%	53.35%	53.98%	56.16%	55.40%	54.89%	51.58%	25.40%	13.24%	5.75%
Short-Term Debt to Total Capital	3.53%	7.05%	4.84%	4.91%	2.89%	2.77%	3.16%	2.22%	1.90%	0.97%	0.00%
Long-Term Debt to Total Capital	37.20%	47.37%	48.51%	49.08%	53.27%	52.63%	51.73%	49.36%	23.50%	12.26%	5.75%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.45%	5.46%	5.59%	4.12%
Common Equity to Total Capital	59.26%	45.58%	46.65%	46.02%	43.84%	44.60%	45.11%	42.97%	69.14%	81.17%	90.13%
Debt to EBITDA	9.52	5.74	8.02	9.16	16.16	9.49	7.47	19.18	0.47	0.55	0.22
Net Debt to EBITDA	6.99	5.19	7.05	8.35	14.09	8.27	6.34	15.54	0.30	0.18	-0.08
Long-Term Debt to EBITDA	8.70	5.00	7.30	8.33	15.33	9.01	7.04	18.35	0.44	0.51	0.22
Debt to NOPAT	39.80	9.39	16.35	45.42	-99.38	29.88	19.68	-62.41	0.53	0.62	0.27
Net Debt to NOPAT	29.20	8.48	14.37	41.41	-86.64	26.07	16.70	-50.56	0.34	0.21	-0.09
Long-Term Debt to NOPAT	36.35	8.17	14.86	41.29	-94.26	28.39	18.55	-59.72	0.49	0.57	0.27
Altman Z-Score	0.00	0.88	0.54	0.60	0.31	0.60	0.40	0.16	3.49	4.25	6.03
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.70%	8.87%	6.85%	5.36%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.44	1.66	1.59	1.44	1.45	1.62	1.63	1.61	2.98	3.75	4.24
Quick Ratio	2.21	0.96	1.34	1.15	1.12	1.35	1.21	1.29	2.46	3.05	3.62
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-192	-150	-97	33	50	69	48	33	323	156	127
Operating Cash Flow to CapEx	8.16%	16.17%	34.86%	2,845.30%	4,620.71%	0.00%	51,791.01%	0.00%	0.00%	76,735.10%	0.00%
Free Cash Flow to Firm to Interest Expense	-46.65	-12.23	-5.46	1.52	1.83	2.57	2.65	2.01	1.70	13.63	23.84
Operating Cash Flow to Interest Expense	3.02	3.07	2.40	0.86	0.34	0.77	2.54	-0.18	0.65	13.99	30.01
Operating Cash Flow Less CapEx to Interest Expense	-33.95	-15.89	-4.49	0.83	0.34	1.75	2.53	0.43	0.86	13.97	34.95
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.15	0.24	0.20	0.23	0.25	0.28	0.29	0.26	0.62	0.56	0.58
Accounts Receivable Turnover	23.50	10.13	6.66	7.77	7.68	8.00	9.19	10.10	8.90	5.82	6.93
Inventory Turnover	3.87	9.34	16.54	15.98	8.75	8.36	14.14	14.29	4.48	14.22	17.07
Fixed Asset Turnover	0.23	0.31	0.23	0.25	0.29	0.33	0.34	0.31	0.78	0.75	0.76
Accounts Payable Turnover	1.20	2.97	6.91	8.88	7.94	14.35	20.76	17.25	6.90	37.13	50.40
Days Sales Outstanding (DSO)	15.53	36.04	54.77	46.96	47.52	45.65	39.72	36.14	41.00	62.72	52.67
Days Inventory Outstanding (DIO)	94.27	39.09	22.07	22.84	41.74	43.64	25.81	25.53	81.53	25.67	21.38
Days Payable Outstanding (DPO)	304.64	123.02	52.85	41.13	45.94	25.43	17.58	21.15	52.88	9.83	7.24
Cash Conversion Cycle (CCC)	-194.84	-47.89	23.99	28.67	43.31	63.86	47.95	40.52	69.65	78.55	66.80
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	493	687	813	790	735	680	652	614	615	602	619
Invested Capital Turnover	0.17	0.27	0.22	0.24	0.28	0.33	0.33	0.30	0.73	0.65	0.66
Increase / (Decrease) in Invested Capital	198	194	125	-23	-55	-55	-28	-38	1.65	-13	17
Enterprise Value (EV)	0.00	663	584	654	525	628	431	423	574	600	512
Market Capitalization	0.00	288	178	246	138	275	100	102	426	533	498
Book Value per Share	$13.33	$13.38	$15.42	$11.35	$10.78	$9.85	$9.68	$8.80	$13.66	$13.23	$14.71
Tangible Book Value per Share	$13.33	$13.38	$15.42	$11.35	$10.78	$9.85	$9.68	$8.80	$13.66	$13.23	$14.71
Total Capital	552	763	867	828	791	731	710	679	679	662	674
Total Debt	225	415	462	447	444	405	390	350	172	88	39
Total Long-Term Debt	205	361	420	406	421	385	367	335	160	81	39
Net Debt	165	375	406	407	387	353	331	284	111	30	-13
Capital Expenditures (CapEx)	152	233	122	0.65	0.20	-26	0.09	-9.80	-40	0.21	-26
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2.23	60	21	27	-0.14	6.08	3.73	-4.63	67	53	50
Debt-free Net Working Capital (DFNWC)	62	100	77	66	57	58	62	51	118	99	97
Net Working Capital (NWC)	43	46	35	26	34	38	40	36	105	93	97
Net Nonoperating Expense (NNE)	3.99	12	25	22	38	36	26	31	186	26	11
Net Nonoperating Obligations (NNO)	166	340	408	409	389	354	331	285	109	28	-16
Total Depreciation and Amortization (D&A)	18	28	36	40	43	40	40	38	35	33	35
Debt-free, Cash-free Net Working Capital to Revenue	3.32%	37.83%	12.64%	13.67%	-0.07%	2.64%	1.70%	-2.41%	15.07%	13.28%	12.26%
Debt-free Net Working Capital to Revenue	92.26%	63.23%	46.67%	33.80%	27.01%	25.13%	28.22%	26.40%	26.41%	25.10%	23.84%
Net Working Capital to Revenue	63.30%	29.17%	21.14%	13.08%	16.14%	16.34%	18.02%	18.56%	23.51%	23.47%	23.84%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$1.23	$0.12	$0.00	$0.00	($0.69)	($0.18)	($1.12)	$3.63	$2.76	$3.09
Adjusted Weighted Average Basic Shares Outstanding	0.00	26.21M	33.58M	0.00	0.00	33.10M	33.19M	33.88M	37.24M	41.13M	41.66M
Adjusted Diluted Earnings per Share	$0.00	$1.23	$0.12	$0.00	$0.00	($0.69)	($0.18)	($1.12)	$3.52	$2.71	$3.06
Adjusted Weighted Average Diluted Shares Outstanding	0.00	26.21M	33.58M	0.00	0.00	33.10M	33.19M	33.88M	38.36M	41.82M	42.04M
Adjusted Basic & Diluted Earnings per Share	$0.00	$1.23	$0.12	$0.00	$0.00	($0.69)	($0.18)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	26.06M	30.14M	0.00	0.00	33.10M	33.24M	34.36M	40.63M	41.30M	40.46M
Normalized Net Operating Profit after Tax (NOPAT)	5.65	44	28	9.84	-4.47	14	20	-5.62	332	142	144
Normalized NOPAT Margin	8.39%	27.99%	17.20%	5.02%	-2.13%	5.89%	9.00%	-2.92%	74.45%	35.98%	35.61%
Pre Tax Income Margin	2.54%	20.29%	2.32%	-6.34%	-20.35%	-9.91%	-2.66%	-18.89%	31.15%	29.87%	33.94%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.41	3.61	1.21	0.40	-0.58	0.11	0.66	-1.25	1.73	11.21	26.42
NOPAT to Interest Expense	1.37	3.60	1.59	0.46	-0.16	0.51	1.09	-0.35	1.71	12.49	27.03
EBIT Less CapEx to Interest Expense	-35.56	-15.35	-5.68	0.37	-0.59	1.10	0.66	-0.64	1.94	11.19	31.36
NOPAT Less CapEx to Interest Expense	-35.60	-15.36	-5.30	0.43	-0.17	1.49	1.09	0.26	1.92	12.47	31.97
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	580.26%	40.62%	248.86%	0.00%	0.00%	0.00%	-27.44%	-2.15%	2.37%	43.28%	36.75%
Augmented Payout Ratio	657.25%	40.62%	328.75%	-90.17%	0.00%	0.00%	-32.19%	-2.15%	2.37%	43.28%	50.24%

No quarterly metrics and ratios for Ardmore Shipping are available.

Frequently Asked Questions About Ardmore Shipping's Financials

When does Ardmore Shipping's fiscal year end?

According to the most recent income statement we have on file, Ardmore Shipping's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Ardmore Shipping's net income changed over the last 10 years?

Ardmore Shipping's net income appears to be on an upward trend, with a most recent value of $133.01 million in 2024, rising from $1.66 million in 2014. The previous period was $116.81 million in 2023.

What is Ardmore Shipping's operating income?

Ardmore Shipping's total operating income in 2024 was $144.72 million, based on the following breakdown:

Total Gross Profit: $202.04 million
Total Operating Expenses: $57.32 million

How has Ardmore Shipping revenue changed over the last 10 years?

Over the last 10 years, Ardmore Shipping's total revenue changed from $67.33 million in 2014 to $405.78 million in 2024, a change of 502.7%.

How much debt does Ardmore Shipping have?

Ardmore Shipping's total liabilities were at $69.38 million at the end of 2024, a 40.5% decrease from 2023, and a 70.5% decrease since 2014.

How much cash does Ardmore Shipping have?

In the past 10 years, Ardmore Shipping's cash and equivalents has ranged from $39.46 million in 2017 to $59.88 million in 2014, and is currently $46.99 million as of their latest financial filing in 2024.

How has Ardmore Shipping's book value per share changed over the last 10 years?

Over the last 10 years, Ardmore Shipping's book value per share changed from 13.33 in 2014 to 14.71 in 2024, a change of 10.4%.

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This page (NYSE:ASC) was last updated on 4/16/2025 by MarketBeat.com Staff

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Ardmore Shipping (ASC) Financials

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