Ardmore Shipping Corporation Current Ratio

Current Ratio of ASC for past 10 years: annual, quarterly and twelve month trailing (TTM) including Current Ratio growth rates and interactive chart. The current ratio is a liquidity ratio that measures whether a firm has enough resources to meet its short-term obligations. It is calculated as current assets divided by current liabilities. A ratio below 1 indicates potential trouble for a company, as it doesn't have enough current assets to pay for its short-term liabilities. A ratio above 2 is usually considered healthy.

Highlights and Quick Summary

  • Current Ratio for the quarter ending December 30, 2020 was 1.63 (a -2.01% decrease compared to previous quarter)
  • Year-over-year quarterly Current Ratio increased by 4.84%
  • Annual Current Ratio for 2020 was 1.63 (a 0.51% increase from previous year)
  • Annual Current Ratio for 2019 was 1.62 (a 11.93% increase from previous year)
  • Annual Current Ratio for 2018 was 1.45 (a 0.65% increase from previous year)
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Historical Current Ratio of Ardmore Shipping Corporation

Most recent Current Ratioof ASC including historical data for past 10 years.

Interactive Chart of Current Ratio of Ardmore Shipping Corporation

Ardmore Shipping Corporation Current Ratio for the past 10 Years (both Annual and Quarterly)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 1.63 1.66 2.29 1.56 1.63
2019 1.62 1.5 1.59 1.56 1.62
2018 1.45 1.16 1.42 1.31 1.45
2017 1.44 1.57 1.66 1.53 1.44
2016 1.59 1.66 2.89 1.57 1.59
2015 1.66 1.63 1.64 1.22 1.66
2014 2.44 2.62 3.22 5.15 2.44
2013 – 3.63 4.64 0.8 3.63
2012 – – – – 1.73
2011 0.33 – – – 0.33

Business Profile of Ardmore Shipping Corporation

Sector: Industrials
Industry: Marine Shipping
Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. As of February 15, 2021, the company operated a fleet of 25 double-hulled product and chemical tankers. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers. The company was founded in 2010 and is based in Pembroke, Bermuda.
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