Ardmore Shipping Corporation Debt/Equity

Debt/Equity of ASC for past 10 years: annual, quarterly and twelve month trailing (TTM) including Debt/Equity growth rates and interactive chart. The debt-to-equity (D/E) ratio is calculated by dividing a company's total interest-bearing liabilities by its shareholder equity. These numbers are available on the balance sheet of a company's financial statements. The ratio is used to evaluate a company's financial leverage. The debt/equity ratio can be compared to a company's historical average or to peers. A ratio above 1 indicates the company has more debt than equity and a ratio above 3 is considered high. Below 0.5 means the company has little debt and significant capacity to expand it.


Highlights and Quick Summary

  • Debt/Equity for the quarter ending June 29, 2021 was 1.14 (a -9.09% decrease compared to previous quarter)
  • Year-over-year quarterly Debt/Equity decreased by -4.59%
  • Annual Debt/Equity for 2020 was 1.28 (a -1.74% decrease from previous year)
  • Annual Debt/Equity for 2019 was 1.3 (a -4.38% decrease from previous year)
  • Annual Debt/Equity for 2018 was 1.36 (a 16.04% increase from previous year)
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Historical Debt/Equity of Ardmore Shipping Corporation

Most recent Debt/Equityof ASC including historical data for past 10 years.

Interactive Chart of Debt/Equity of Ardmore Shipping Corporation

Ardmore Shipping Corporation Debt/Equity for the past 10 Years (both Annual and Quarterly)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 1.14 1.26
2020 1.28 1.2 1.21 1.29 1.28
2019 1.24 1.25 1.26 1.27 1.3
2018 1.28 1.2 1.19 1.18 1.36
2017 1.16 1.12 1.13 1.12 1.17
2016 1.14 1.12 0.91 1.11 1.14
2015 1.12 1.11 1.05 0.88 1.12
2014 0.68 0.66 0.47 0.48 0.68
2013 0.51 0.51 1.15 0.51
2012 0.0 0.62
2011 0.97 1.56

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.