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Ardmore Shipping (Ardmore Shipping) Debt-to-EBITDA

: 0.63 (As of Dec. 2023)
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Debt-to-EBITDA 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 EBITDA for the quarter that ended in Dec. 2023 was $150.4 Mil. Ardmore Shipping's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.62.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

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

ASC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.6   Med: 10.36   Max: 37.57
Current: 0.6

During the past 13 years, the highest Debt-to-EBITDA Ratio of Ardmore Shipping was 37.57. The lowest was 0.60. And the median was 10.36.

ASC's Debt-to-EBITDA is ranked better than
87.49% of 847 companies
in the Transportation industry
Industry Median: 2.83 vs ASC: 0.60

Ardmore Shipping Debt-to-EBITDA Historical Data

The historical data trend for Ardmore Shipping's Debt-to-EBITDA 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 Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.59 9.59 37.57 1.00 0.60

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-EBITDA 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 0.71 0.71 0.95 0.82 0.63

Competitive Comparison

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

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

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



Ardmore Shipping Debt-to-EBITDA Calculation

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

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

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(12.272 + 81.714) / 157.846
=0.60

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

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(12.272 + 81.714) / 150.4
=0.62

* 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-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2023) EBITDA data.


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

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


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Ardmore Shipping Debt-to-EBITDA Related Terms

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


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.