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ASC (Ardmore Shipping) Equity-to-Asset : 0.92 (As of Sep. 2024)


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What is Ardmore Shipping Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Ardmore Shipping's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $664.0 Mil. Ardmore Shipping's Total Assets for the quarter that ended in Sep. 2024 was $722.8 Mil. Therefore, Ardmore Shipping's Equity to Asset Ratio for the quarter that ended in Sep. 2024 was 0.92.

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

ASC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.41   Med: 0.46   Max: 0.92
Current: 0.92

During the past 13 years, the highest Equity to Asset Ratio of Ardmore Shipping was 0.92. The lowest was 0.41. And the median was 0.46.

ASC's Equity-to-Asset is ranked better than
98.36% of 973 companies
in the Transportation industry
Industry Median: 0.49 vs ASC: 0.92

Ardmore Shipping Equity-to-Asset Historical Data

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

* Premium members only.

Ardmore Shipping Equity-to-Asset Chart

Ardmore Shipping Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.42 0.43 0.45 0.70 0.83

Ardmore Shipping Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Equity-to-Asset 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 0.81 0.83 0.86 0.88 0.92

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

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

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

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



Ardmore Shipping Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

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

Equity to Asset (A: Dec. 2023 )=Total Stockholders Equity/Total Assets
=574.444/690.951
=0.83

Ardmore Shipping's Equity to Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

Equity to Asset (Q: Sep. 2024 )=Total Stockholders Equity/Total Assets
=664.041/722.813
=0.92

* 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.


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

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Ardmore Shipping Equity-to-Asset Related Terms

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


Ardmore Shipping Business Description

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