Ardmore Shipping (Ardmore Shipping) Cash-to-Debt : 0.50 (As of Dec. 2023)

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What is Ardmore Shipping Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Ardmore Shipping's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.50.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Ardmore Shipping couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Ardmore Shipping's Cash-to-Debt or its related term are showing as below:

ASC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.13 Max: 0.5
Current: 0.5

During the past 13 years, Ardmore Shipping's highest Cash to Debt Ratio was 0.50. The lowest was 0.09. And the median was 0.13.

ASC's Cash-to-Debt is ranked better than
50.78% of 965 companies
in the Transportation industry
Industry Median: 0.49 vs ASC: 0.50

Ardmore Shipping Cash-to-Debt Historical Data

The historical data trend for Ardmore Shipping's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Ardmore Shipping Cash-to-Debt Chart

Ardmore Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.12

0.14

0.15

0.27

0.50

Ardmore Shipping Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.27	0.34	0.39	0.49	0.50

Competitive Comparison of Ardmore Shipping's Cash-to-Debt

For the Marine Shipping subindustry, Ardmore Shipping's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ardmore Shipping's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Ardmore Shipping's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ardmore Shipping's Cash-to-Debt falls into.

Ardmore Shipping Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Ardmore Shipping's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	46.805	/	(12.272	+	81.714)
	=	0.50

Ardmore Shipping's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	46.805	/	(12.272	+	81.714)
	=	0.50

Ardmore Shipping (NYSE:ASC) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Ardmore Shipping Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Ardmore Shipping's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Ardmore Shipping (Ardmore Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ardmore Shipping Corp (NYSE:ASC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

A61:Germany A61:Germany

Address

69 Pitts Bay Road, Belvedere Building, Ground Floor, Pembroke, Hamilton, BMU, HM08

Website

https://www.ardmoreshipping.com

Ardmore Shipping Corp owns and operates a fleet of mid-size product and chemical tankers, which provide seaborne transportation of petroleum products and chemicals across the globe. The company is focused on fuel efficiency and cost leadership, and it provides its shipping services to customers through voyage charters, commercial pools, and time charters. Its main customers are oil majors, national oil companies, oil and chemical traders, and chemical companies.