Ardmore Shipping (Ardmore Shipping) Debt-to-Equity : 0.16 (As of Dec. 2023)

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What is Ardmore Shipping Debt-to-Equity?

Ardmore Shipping's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $12.3 Mil. Ardmore Shipping's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $81.7 Mil. Ardmore Shipping's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $574.4 Mil. Ardmore Shipping's debt to equity for the quarter that ended in Dec. 2023 was 0.16.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

ASC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 1.16 Max: 1.36
Current: 0.16

During the past 13 years, the highest Debt-to-Equity Ratio of Ardmore Shipping was 1.36. The lowest was 0.16. And the median was 1.16.

ASC's Debt-to-Equity is ranked better than
81.92% of 885 companies
in the Transportation industry
Industry Median: 0.55 vs ASC: 0.16

Ardmore Shipping Debt-to-Equity Historical Data

The historical data trend for Ardmore Shipping's Debt-to-Equity 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.

* Premium members only.

Ardmore Shipping Debt-to-Equity Chart

Ardmore Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.30

1.28

1.13

0.37

0.16

Ardmore Shipping Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.37	0.29	0.24	0.19	0.16

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

For the Marine Shipping subindustry, Ardmore Shipping's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Transportation Industry

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

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

Ardmore Shipping Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(12.272	+	81.714)	/	574.444
	=	0.16

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(12.272	+	81.714)	/	574.444
	=	0.16

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

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Ardmore Shipping Debt-to-Equity Related Terms

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Ardmore Shipping (Ardmore Shipping) Business Description

Industry

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

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.