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Ardmore Shipping (Ardmore Shipping) Debt-to-Revenue : 0.24 (As of Dec. 2023)


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What is Ardmore Shipping Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

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 annualized Revenue for the quarter that ended in Dec. 2023 was $395.5 Mil. Ardmore Shipping's annualized Debt-to-Revenue for the quarter that ended in Dec. 2023 was 0.24.


Ardmore Shipping Debt-to-Revenue Historical Data

The historical data trend for Ardmore Shipping's Debt-to-Revenue 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-Revenue Chart

Ardmore Shipping Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.85 1.86 1.94 0.41 0.24

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-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.35 0.33 0.36 0.30 0.24

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

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

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

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



Ardmore Shipping Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

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

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(12.272 + 81.714) / 395.978
=0.24

Ardmore Shipping's annualized Debt-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(12.272 + 81.714) / 395.516
=0.24

* 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.

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Dec. 2023) Revenue data.


Ardmore Shipping Debt-to-Revenue Related Terms

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Ardmore Shipping (Ardmore Shipping) Business Description

Traded in Other Exchanges
Address
69 Pitts Bay Road, Belvedere Building, Ground Floor, Pembroke, Hamilton, BMU, HM08
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.