Ardmore Shpng Financials

ASC Stock  USD 11.89  0.43  3.49%   
Based on the key indicators obtained from Ardmore Shpng's historical financial statements, Ardmore Shpng is performing exceptionally good at this time. It has a great risk to report excellent financial results in December. At present, Ardmore Shpng's Other Current Liabilities is projected to increase significantly based on the last few years of reporting. The current year's Total Current Liabilities is expected to grow to about 53.3 M, whereas Common Stock Shares Outstanding is forecasted to decline to about 28.6 M. Key indicators impacting Ardmore Shpng's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.07610.0801
Notably Down
Slightly volatile
Current Ratio3.933.7465
Sufficiently Up
Slightly volatile
Investors should never underestimate Ardmore Shpng's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Ardmore Shpng's cash flow, debt, and profitability to make informed and accurate decisions about investing in Ardmore Shpng.

Cash And Equivalents

57.89 Million

  
Understanding current and past Ardmore Shpng Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Ardmore Shpng's financial statements are interrelated, with each one affecting the others. For example, an increase in Ardmore Shpng's assets may result in an increase in income on the income statement.
Please note, the presentation of Ardmore Shpng's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Ardmore Shpng's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Ardmore Shpng's management manipulating its earnings.

Ardmore Shpng Stock Summary

Ardmore Shpng competes with Oceanpal, Safe Bulkers, Safe Bulkers, Safe Bulkers, and EuroDry. Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. The company was founded in 2010 and is based in Pembroke, Bermuda. Ardmore Shipping is traded on New York Stock Exchange in the United States.
Specialization
Industrials, Marine Shipping
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINMHY0207T1001
CUSIPY0207T100
LocationBermuda
Business AddressBelvedere Building, Pembroke,
SectorOil, Gas & Consumable Fuels
IndustryEnergy
BenchmarkDow Jones Industrial
Websiteardmoreshipping.com
Phone441 405 7800
CurrencyUSD - US Dollar

Ardmore Shpng Key Financial Ratios

Ardmore Shpng Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets772.4M752.0M724.5M723.9M691.0M701.1M
Other Current Liab17.5M12.0M11.4M21.8M19.2M20.2M
Net Debt372.7M351.3M317.1M134.1M47.2M44.8M
Retained Earnings(75.8M)(81.8M)(119.9M)15.1M81.4M85.5M
Accounts Payable4.4M9.1M8.6M8.8M2.0M1.9M
Cash51.7M58.4M55.4M50.6M46.8M50.2M
Other Assets10.9M15.7M14.8M24.2M27.8M29.2M
Long Term Debt187.1M188.1M130.0M115.9M39.6M37.6M
Net Receivables30.2M17.8M20.3M79.8M56.2M59.0M
Inventory10.2M10.3M11.1M15.7M12.6M8.3M
Other Current Assets6.0M16.1M7.1M11.6M11.2M11.6M
Total Liab446.4M431.7M395.5M217.4M116.5M110.7M
Total Current Assets98.0M102.5M94.2M157.7M126.8M97.2M
Short Term Debt38.5M41.8M36.5M21.1M12.3M11.7M
Net Tangible Assets326.1M320.3M292.0M469.4M539.8M379.1M
Short Long Term Debt20.2M22.5M15.1M12.9M6.4M6.1M
Long Term Debt Total384.8M367.3M335.4M159.5M143.6M285.6M
Capital Surpluse416.8M418.2M426.1M468.0M538.2M452.7M
Cash And Equivalents51.7M58.4M55.4M50.6M58.2M57.9M
Net Invested Capital533.3M530.8M437.1M598.2M583.4M462.1M

Ardmore Shpng Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense26.8M18.2M16.8M15.5M11.4M15.3M
Total Revenue230.0M220.1M192.5M445.7M396.0M200.0M
Gross Profit101.7M99.1M4.4M195.5M153.4M86.5M
Operating Income17.1M18.9M(19.9M)159.9M155.9M163.7M
Ebit17.1M12.2M(25.0M)154.4M128.1M134.5M
Ebitda49.4M50.6M11.8M187.8M159.5M167.5M
Cost Of Revenue128.4M121.0M188.0M250.2M242.6M254.7M
Income Before Tax(22.8M)(5.8M)(36.4M)138.9M118.3M124.2M
Net Income(22.9M)(6.0M)(36.5M)138.5M116.8M122.6M
Income Tax Expense58.8K199.4K149.6K207K435K456.8K
Tax Provision58.8K199.4K149.6K207K482K506.1K
Interest Income25.3M281.6K16.7M15.1M4.9M4.7M
Net Interest Income(25.4M)(17.9M)(16.7M)(15.1M)(9.2M)(9.7M)

Ardmore Shpng Key Cash Accounts

201920202021202220232024 (projected)
Change To Inventory2.7M(115.3K)(821.3K)(4.6M)3.2M3.3M
Change In Cash(5.2M)6.6M(2.9M)(4.9M)(3.8M)(3.6M)
Free Cash Flow17.9M25.2M(5.5M)120.4M134.2M140.9M
Depreciation32.3M32.2M31.7M29.3M31.4M26.7M
Other Non Cash Items2.0M960.2K1.5M9.4M(9.7M)(9.2M)
Capital Expenditures2.6M20.9M2.6M3.8M25.4M24.1M
Net Income(22.9M)(6.0M)(36.8M)138.5M116.8M122.6M
End Period Cash Flow51.7M58.4M55.4M50.6M46.8M50.2M
Net Borrowings(47.2M)(16.3M)(37.9M)(196.6M)(177.0M)(168.1M)
Change To Netincome1.2M10.0M2.7M(3.3M)(3.8M)(3.6M)
Investments23.9M(21.0M)(5.5M)35.4M(20.9M)(21.9M)

Ardmore Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Ardmore Shpng's current stock value. Our valuation model uses many indicators to compare Ardmore Shpng value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Ardmore Shpng competition to find correlations between indicators driving Ardmore Shpng's intrinsic value. More Info.
Ardmore Shpng is number one stock in return on equity category among its peers. It also is number one stock in return on asset category among its peers reporting about  0.52  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Ardmore Shpng is roughly  1.93 . At present, Ardmore Shpng's Return On Equity is projected to increase slightly based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Ardmore Shpng's earnings, one of the primary drivers of an investment's value.

Ardmore Shpng Systematic Risk

Ardmore Shpng's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Ardmore Shpng volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on Ardmore Shpng correlated with the market. If Beta is less than 0 Ardmore Shpng generally moves in the opposite direction as compared to the market. If Ardmore Shpng Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Ardmore Shpng is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Ardmore Shpng is generally in the same direction as the market. If Beta > 1 Ardmore Shpng moves generally in the same direction as, but more than the movement of the benchmark.

Ardmore Shpng Thematic Clasifications

Ardmore Shpng is part of Transportation investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Transportation industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
TransportationView
This theme covers USA Equities from Transportation industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
Today, most investors in Ardmore Shpng Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Ardmore Shpng's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Ardmore Shpng growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.2)

At present, Ardmore Shpng's Price Earnings To Growth Ratio is projected to increase slightly based on the last few years of reporting.

Ardmore Shpng November 22, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Ardmore Shpng help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Ardmore Shpng. We use our internally-developed statistical techniques to arrive at the intrinsic value of Ardmore Shpng based on widely used predictive technical indicators. In general, we focus on analyzing Ardmore Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Ardmore Shpng's daily price indicators and compare them against related drivers.

Complementary Tools for Ardmore Stock analysis

When running Ardmore Shpng's price analysis, check to measure Ardmore Shpng's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ardmore Shpng is operating at the current time. Most of Ardmore Shpng's value examination focuses on studying past and present price action to predict the probability of Ardmore Shpng's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ardmore Shpng's price. Additionally, you may evaluate how the addition of Ardmore Shpng to your portfolios can decrease your overall portfolio volatility.
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