Ardmore Shipping (ASC) Financials

$9.78 +0.19 (+1.93%)

Closing price 05/23/2025 03:59 PM Eastern

Extended Trading

$9.78 0.00 (0.00%)

As of 05/23/2025 07:09 PM 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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	129	113	135	-38	-6.05	-23	-43	-12	3.75	32	1.66
Consolidated Net Income / (Loss)	133	117	138	-37	-6.05	-23	-43	-12	3.75	32	1.66
Net Income / (Loss) Continuing Operations	133	117	138	-37	-6.05	-23	-43	-12	3.75	32	1.66
Total Pre-Tax Income	138	118	139	-36	-5.85	-23	-43	-12	3.81	32	1.71
Total Operating Income	145	143	325	-8.02	28	19	-6.38	14	29	44	5.81
Total Gross Profit	202	195	386	40	76	134	112	60	71	128	60
Total Revenue	406	396	446	192	220	230	210	196	164	158	67
Operating Revenue	406	396	446	192	220	230	210	196	164	158	67
Total Cost of Revenue	204	201	60	153	144	96	98	136	94	30	7.00
Operating Cost of Revenue	204	201	60	153	144	96	98	136	94	30	7.00
Total Operating Expenses	57	52	60	48	47	115	118	46	42	83	55
Selling, General & Admin Expense	23	21	24	16	15	15	13	12	12	10	8.18
Depreciation Expense	30	28	29	32	32	32	35	34	30	24	15
Amortization Expense	3.64	3.54	-	-	-	4.80	3.64	-	-	2.12	2.03
Total Other Income / (Expense), net	-6.98	-25	-187	-28	-34	-42	-36	-26	-25	-12	-4.10
Interest Expense	5.35	11	190	16	18	27	27	21	18	12	4.12
Interest & Investment Income	1.82	1.82	0.47	0.06	0.28	0.95	0.61	0.44	0.16	0.02	0.02
Other Income / (Expense), net	-3.45	-15	2.96	-12	-16	-16	-9.59	-5.54	-7.34	0.00	0.00
Income Tax Expense	0.22	0.44	0.21	0.15	0.20	0.06	0.16	0.06	0.06	0.08	0.05
Other Gains / (Losses), net	-4.51	-1.04	-0.20	-0.32	0.00	0.00	-	-	-	-	-
Preferred Stock Dividends Declared	3.66	3.40	3.40	1.25	0.00	0.00	-	-	-	-	-
Basic Earnings per Share	$3.09	$2.76	$3.63	($1.12)	($0.18)	($0.69)	($1.31)	($0.37)	$0.12	$1.23	$0.07
Weighted Average Basic Shares Outstanding	41.66M	41.13M	37.24M	33.88M	33.24M	33.10M	32.84M	33.44M	30.14M	26.06M	24.55M
Diluted Earnings per Share	$3.06	$2.71	$3.52	($1.12)	($0.18)	($0.69)	($1.31)	($0.37)	$0.12	$1.23	$0.07
Weighted Average Diluted Shares Outstanding	42.04M	41.82M	38.36M	33.88M	33.24M	33.10M	32.84M	33.44M	30.14M	26.06M	24.55M
Weighted Average Basic & Diluted Shares Outstanding	40.46M	41.30M	40.63M	34.36M	33.24M	33.10M	32.84M	33.44M	30.14M	26.06M	24.55M

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	0.18	-3.76	-4.88	-2.92	6.64	-5.18	17	-16	16	-20	3.02
Net Cash From Operating Activities	160	160	124	-2.89	46	20	9.43	18	43	38	12
Net Cash From Continuing Operating Activities	160	160	124	-2.89	46	20	9.43	18	43	38	12
Net Income / (Loss) Continuing Operations	133	117	138	-37	-6.05	-23	-43	-12	3.75	32	1.66
Consolidated Net Income / (Loss)	133	117	138	-37	-6.05	-23	-43	-12	3.75	32	1.66
Depreciation Expense	30	28	29	32	32	32	35	34	30	24	15
Amortization Expense	4.77	4.78	5.62	6.79	7.97	7.36	8.31	5.98	6.13	3.83	2.95
Non-Cash Adjustments To Reconcile Net Income	-7.25	-13	11	-3.49	4.15	8.05	2.08	-3.74	0.74	-2.69	-4.96
Changes in Operating Assets and Liabilities, net	-0.38	23	-60	-1.06	7.84	-4.41	6.84	-5.61	2.12	-20	-2.08
Net Cash From Investing Activities	-33	-27	35	1.63	-21	24	-18	-2.28	-122	-233	-210
Net Cash From Continuing Investing Activities	-33	-27	35	1.63	-21	24	-18	-2.28	-122	-233	-210
Purchase of Property, Plant & Equipment	-0.43	-0.21	-0.11	-0.09	-0.09	-0.18	-0.20	-0.65	-175	-233	-152
Acquisitions	0.00	-1.24	-0.59	-5.54	0.00	0.00	-	-	-	-	-
Sale of Property, Plant & Equipment	27	0.00	40	9.90	0.00	27	0.00	0.00	53	0.00	0.00
Divestitures	1.65	0.00	0.00	-	-	-	-	-	-	-	-
Other Investing Activities, net	-61	-25	-3.81	-2.63	-21	-2.49	-17	-1.64	0.00	0.00	-57
Net Cash From Financing Activities	-127	-137	-164	-1.66	-18	-50	26	-33	96	175	200
Net Cash From Continuing Financing Activities	-127	-137	-164	-1.66	-18	-50	26	-33	96	175	200
Repayment of Debt	-155	-86	-152	-88	-37	-251	-195	-64	-75	-28	-20
Repurchase of Preferred Equity	-10	0.00	0.00	-	-	-	-	-	-	-	-
Repurchase of Common Equity	-18	0.00	0.00	-	-0.29	0.00	0.00	-11	-2.99	0.00	-1.28
Payment of Dividends	-49	-51	-3.29	-0.79	-1.66	0.00	0.00	0.00	-9.33	-13	-9.64
Issuance of Debt	105	0.00	132	0.00	20	201	3.90	11	119	216	129
Issuance of Common Equity	0.00	0.00	39	0.00	0.00	-	7.33	0.00	64	0.00	103
Cash Interest Paid	6.05	12	-	9.79	9.90	14	5.10	-	14	11	6.81
Cash Income Taxes Paid	0.11	0.54	0.05	0.20	0.14	0.05	0.14	0.06	0.12	0.04	0.01

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	705	691	724	725	752	772	845	846	884	778	562
Total Current Assets	127	127	158	94	103	98	109	84	94	115	72
Cash & Equivalents	47	47	51	55	58	52	57	39	56	40	60
Accounts Receivable	61	56	80	20	18	30	27	27	23	26	4.99
Inventories, net	11	13	16	11	10	10	13	9.63	7.34	3.97	2.49
Prepaid Expenses	4.30	4.35	4.52	3.51	3.68	1.94	2.08	1.41	0.80	1.04	0.68
Other Current Assets	3.08	6.83	7.09	3.86	12	4.11	10	6.12	6.44	6.99	3.55
Plant, Property, & Equipment, net	546	524	531	612	631	661	721	752	785	659	372
Total Noncurrent Assets	33	40	35	18	18	14	14	9.84	4.42	4.16	118
Long-Term Investments	5.24	11	11	11	0.68	-	-	-	-	-	-
Other Noncurrent Operating Assets	25	26	21	4.25	14	11	11	9.39	3.93	4.16	118
Other Noncurrent Nonoperating Assets	2.75	2.84	2.72	0.00	-	-	-	-	-	-	-
Total Liabilities & Shareholders' Equity	705	691	724	725	752	772	845	846	884	778	562
Total Liabilities	69	117	217	396	432	446	498	465	479	431	235
Total Current Liabilities	30	34	53	59	63	60	76	58	59	69	30
Short-Term Debt	0.00	6.44	13	15	22	20	23	41	42	54	19
Accounts Payable	6.07	2.02	8.81	8.58	9.13	4.79	8.60	16	14	13	7.69
Accrued Expenses	18	18	21	11	11	16	16	-	-	-	-
Current Deferred Revenue	0.48	0.35	1.22	2.07	0.00	-	-	-	0.51	1.19	1.54
Other Current Liabilities	4.97	5.84	8.22	21	19	18	26	0.00	-	-	-
Other Current Nonoperating Liabilities	0.00	0.94	0.86	0.65	0.77	0.88	1.73	1.54	2.07	1.75	0.88
Total Noncurrent Liabilities	40	83	164	337	369	386	423	406	420	361	205
Long-Term Debt	39	40	116	130	188	187	206	367	411	361	179
Capital Lease Obligations	0.00	42	44	205	179	198	216	39	8.97	0.00	27
Other Noncurrent Operating Liabilities	0.75	1.46	4.98	1.67	1.47	1.18	1.49	0.00	-	-	-
Redeemable Noncontrolling Interest	28	37	37	37	0.00	-	-	-	-	-	-
Total Equity & Noncontrolling Interests	608	537	469	292	320	326	347	381	404	348	327
Total Preferred & Common Equity	608	537	469	292	320	326	347	381	404	348	327
Total Common Equity	608	537	469	292	320	326	347	381	404	348	327
Common Stock	476	472	468	426	419	417	415	406	406	338	339
Retained Earnings	165	81	15	-120	-82	-76	-53	-9.57	2.92	10	-11
Treasury Stock	-34	-16	-16	-16	-16	-15	-15	-15	-4.27	-1.28	-1.28

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

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. See Ardmore Shipping's forecast for analyst expectations on what’s next for the company.

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 5/24/2025 by MarketBeat.com Staff

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Ardmore Shipping (ASC) Financials

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