ASC (Ardmore Shipping) Debt-to-Asset : 0.06 (As of Dec. 2024)

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What is Ardmore Shipping Debt-to-Asset?

Ardmore Shipping's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $5.0 Mil. Ardmore Shipping's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $39.3 Mil. Ardmore Shipping's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2024 was $704.8 Mil. Ardmore Shipping's debt to asset for the quarter that ended in Dec. 2024 was 0.06.

Ardmore Shipping Debt-to-Asset Historical Data

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

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Ardmore Shipping Debt-to-Asset Chart

Ardmore Shipping Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Asset

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0.55

0.51

0.26

0.14

0.06

Ardmore Shipping Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Asset	Get a 7-Day Free Trial															0.14	0.10	0.07	0.04	0.06

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

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

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

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

Ardmore Shipping Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Ardmore Shipping's Debt-to-Asset for the fiscal year that ended in Dec. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(4.965	+	39.272)	/	704.799
	=	0.06

Ardmore Shipping's Debt-to-Asset for the quarter that ended in Dec. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(4.965	+	39.272)	/	704.799
	=	0.06

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

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Ardmore Shipping Debt-to-Asset Related Terms

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Ardmore Shipping Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

A61:Germany

Address

7 Church Street, Dorchester House, Hamilton, BMU, HM11

Website

https://www.ardmoreshipping.com

Ardmore Shipping Corp provides seaborne transportation of petroleum products and chemicals world-wide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with its modern, fuel-efficient fleet of mid-size product and chemical tankers. The Company operates its business in one operating segment, the transportation of refined petroleum products and chemicals.