Ardmore Shipping Corporation (ASC) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 146.19M | 111.85M | 116.17M | 120.13M | 114.98M | 126.55M | 132.76M | 142.38M | 143.88M | 126.78M | 123.31M | 135.05M | 144.93M | 157.74M | 148.63M | 164.43M | 145.51M | 94.22M | 90.21M | 89.38M |
| Cash & Short-Term Investments | 47.21M | 46.84M | 47.06M | 49.48M | 47.45M | 46.99M | 47.57M | 47.4M | 48.62M | 46.8M | 50.76M | 50.97M | 52.55M | 50.57M | 50.62M | 45.38M | 53.25M | 55.45M | 54.48M | 55.42M |
| Cash Only | 47.21M | 46.84M | 47.06M | 49.48M | 47.45M | 46.99M | 47.57M | 47.4M | 48.62M | 46.8M | 50.76M | 50.97M | 52.55M | 50.57M | 50.62M | 45.38M | 53.25M | 55.45M | 54.48M | 55.42M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 52.78M | 47.54M | 53.57M | 52.79M | 47.74M | 60.87M | 65.08M | 75.17M | 60.34M | 56.23M | 50.79M | 63.06M | 68.94M | 79.84M | 65.47M | 51.92M | 27.62M | 20.3M | 18.52M | 16.63M |
| Days Sales Outstanding | 51.35 | 56.1 | 60.22 | 63.49 | 66.05 | 70.62 | 67.12 | 50.82 | 49.9 | 49.79 | 60.24 | 65.33 | 56.63 | 50.32 | 37.92 | 33.79 | 34.03 | 34.05 | 34.26 | 34.77 |
| Inventory | 13.04M | 8.91M | 10.01M | 10M | 11.19M | 11.31M | 11.57M | 13.21M | 11.93M | 12.56M | 14.89M | 14.22M | 14.54M | 15.72M | 19.18M | 18.64M | 15.08M | 11.1M | 10.27M | 9.46M |
| Days Inventory Outstanding | 17.67 | 16.59 | 15.38 | 17.37 | 19.11 | 17.99 | 19.25 | 18.69 | 20.24 | 21.71 | 26.86 | 23.5 | 22.29 | 25.15 | 25.33 | 23.52 | 22.45 | 19.49 | 19.05 | 19.09 |
| Other Current Assets | 33.15M | 4.87M | 2.37M | 7.86M | 5.06M | 4.3M | 3.9M | 2.03M | 19.93M | 4.35M | 1.8M | 4.65M | 4.04M | 9.45M | 10.9M | 44.26M | 45.74M | 3.82M | 3.78M | 4.25M |
| Total Non-Current Assets | 643.42M | 676.87M | 683.64M | 583.69M | 575.44M | 578.25M | 590.05M | 599.65M | 560.25M | 564.17M | 563.09M | 561.1M | 563.45M | 566.12M | 571.47M | 568.62M | 576.25M | 630.32M | 638.35M | 643.6M |
| Property, Plant & Equipment | 609.62M | 639.9M | 645.09M | 549.7M | 550.75M | 556.02M | 562.85M | 571.29M | 523.57M | 538.13M | 540.17M | 541.69M | 544.14M | 547.47M | 550.63M | 549.88M | 553.5M | 606.49M | 612.08M | 618.39M |
| Fixed Asset Turnover | 0.14x | 0.13x | 0.14x | 0.13x | 0.13x | 0.15x | 0.17x | 0.22x | 0.20x | 0.18x | 0.16x | 0.17x | 0.22x | 0.24x | 0.26x | 0.19x | 0.11x | 0.09x | 0.08x | 0.08x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 4.98M | 5.04M | 5.03M | 5.16M | 5.24M | 9.69M | 9.2M | 0 | 11.19M | 11.2M | 11.48M | 11.7M | 11.22M | 11.44M | 561K | 4.71M | 11.08M | 3.14M | 3.13M |
| Other Non-Current Assets | 33.79M | 31.99M | 33.51M | 28.96M | 19.52M | 17M | 17.52M | 19.16M | 36.68M | 14.86M | 11.72M | 7.92M | 7.62M | 7.43M | 9.4M | 18.17M | 18.03M | 12.74M | 23.13M | 22.08M |
| Total Assets | 789.6M | 788.72M | 799.81M | 703.82M | 690.42M | 704.8M | 722.81M | 742.03M | 704.13M | 690.95M | 686.4M | 696.15M | 708.38M | 723.86M | 720.1M | 733.04M | 721.76M | 724.53M | 728.56M | 732.98M |
| Asset Turnover | 0.11x | 0.10x | 0.11x | 0.10x | 0.11x | 0.11x | 0.13x | 0.17x | 0.15x | 0.14x | 0.13x | 0.13x | 0.17x | 0.18x | 0.20x | 0.15x | 0.09x | 0.07x | 0.06x | 0.06x |
| Asset Growth % | 14.37% | 11.91% | 10.65% | -5.15% | -1.95% | 2% | 5.3% | 6.59% | -0.6% | -4.55% | -4.68% | -5.03% | -1.85% | -0.09% | -1.16% | 0.01% | -0.74% | -3.65% | -4.39% | -6.05% |
| Total Current Liabilities | 30.03M | 25.85M | 26.02M | 30.94M | 30.86M | 29.83M | 37.18M | 40.68M | 73.75M | 33.84M | 42.58M | 38.61M | 43.82M | 52.93M | 125.84M | 64.86M | 78.41M | 58.5M | 58.92M | 58.11M |
| Accounts Payable | 12.25M | 5.07M | 5.22M | 8.66M | 9.73M | 6.07M | 7.25M | 13.4M | 6.21M | 2.02M | 7.26M | 6.46M | 3.32M | 8.81M | 7.14M | 6.39M | 6.21M | 8.58M | 7.93M | 6.02M |
| Days Payables Outstanding | 13.93 | 9.02 | 10.67 | 15.08 | 13.42 | 10.47 | 16.04 | 14.58 | 6.8 | 7.33 | 12.65 | 7.99 | 8.94 | 11.5 | 9.06 | 8.79 | 12.68 | 15.06 | 13.47 | 14.81 |
| Short-Term Debt | 585K | 0 | 0 | 0 | 0 | 0 | 2.52M | 0 | 0 | 6.44M | 6.43M | 6.58M | 13.22M | 12.93M | 13.8M | 15.14M | 15.79M | 15.1M | 15.08M | 15.05M |
| Deferred Revenue (Current) | 1.45M | 0 | 655K | 2.53M | 197K | 482K | 2.79M | 0 | 1.39M | 347K | 1.61M | 0 | 480K | 1.22M | 707K | 1.46M | 860K | 2.07M | 1.36M | 975.97K |
| Other Current Liabilities | 15.74M | 1.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 402.47K | 381.34K |
| Current Ratio | 4.87x | 4.33x | 4.46x | 3.88x | 3.73x | 4.24x | 3.57x | 3.50x | 1.95x | 3.75x | 2.90x | 3.50x | 3.31x | 2.98x | 1.18x | 2.54x | 1.86x | 1.61x | 1.53x | 1.54x |
| Quick Ratio | 4.43x | 3.98x | 4.08x | 3.56x | 3.36x | 3.86x | 3.26x | 3.18x | 1.79x | 3.38x | 2.55x | 3.13x | 2.98x | 2.68x | 1.03x | 2.25x | 1.66x | 1.42x | 1.36x | 1.38x |
| Cash Conversion Cycle | 55.08 | 63.66 | 64.93 | 65.78 | 71.74 | 78.14 | 70.33 | 54.93 | 63.34 | 64.16 | 74.45 | 80.84 | 69.98 | 63.98 | 54.19 | 48.52 | 43.8 | 38.48 | 39.84 | 39.05 |
| Total Non-Current Liabilities | 104.79M | 128.54M | 117.84M | 26.85M | 21.1M | 39.55M | 21.59M | 46.59M | 25.4M | 82.67M | 89.73M | 116.72M | 133.15M | 164.49M | 140.94M | 295M | 318.63M | 337.03M | 348.08M | 341.15M |
| Long-Term Debt | 103.36M | 127M | 116.14M | 25M | 20.46M | 38.8M | 20M | 44.18M | 23.11M | 39.59M | 46.04M | 72.35M | 86.66M | 115.87M | 90.2M | 118.28M | 139.99M | 130M | 136.47M | 128.03M |
| Capital Lease Obligations | 1.16M | 1.27M | 1.42M | 1.58M | 368K | 476K | 635K | 1.46M | 1.33M | 42.12M | 42.69M | 43.36M | 45.48M | 47.61M | 49.79M | 175.78M | 177.7M | 206.09M | 211.61M | 213.12M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 268K | 268K | 273K | 273K | 273K | 273K | 954K | 954K | 954K | 954K | 1.01M | 1.01M | 1.01M | 1.01M | 943K | 943K | 943K | 943K | 0 | 0 |
| Total Liabilities | 134.82M | 154.39M | 143.86M | 57.79M | 51.96M | 69.38M | 58.77M | 87.27M | 99.15M | 116.51M | 132.31M | 155.33M | 176.97M | 217.42M | 266.77M | 359.86M | 397.04M | 395.54M | 406.99M | 399.26M |
| Total Debt | 105.11M | 128.87M | 118.24M | 28.64M | 23.99M | 44.24M | 30.01M | 53.52M | 72M | 93.99M | 102.7M | 131.21M | 153.81M | 184.62M | 243.98M | 336.4M | 378.25M | 372.55M | 384.21M | 380.92M |
| Net Debt | 57.89M | 82.03M | 71.18M | -20.84M | -23.46M | -2.75M | -17.56M | 6.13M | 23.38M | 47.18M | 51.94M | 80.24M | 101.25M | 134.05M | 193.35M | 291.02M | 325.01M | 317.1M | 329.73M | 325.5M |
| Debt / Equity | 0.16x | 0.20x | 0.18x | 0.04x | 0.04x | 0.07x | 0.05x | 0.08x | 0.12x | 0.16x | 0.19x | 0.24x | 0.29x | 0.36x | 0.54x | 0.90x | 1.16x | 1.13x | 1.19x | 1.14x |
| Debt / EBITDA | 2.86x | 3.84x | 4.65x | 1.46x | 1.07x | 2.19x | 0.88x | 0.92x | 1.46x | 2.48x | 2.71x | 3.75x | 2.80x | 2.78x | 3.39x | 7.96x | 30.94x | 64.56x | 290.85x | 70.57x |
| Net Debt / EBITDA | 1.57x | 2.44x | 2.80x | -1.06x | -1.04x | -0.14x | -0.51x | 0.10x | 0.47x | 1.25x | 1.37x | 2.29x | 1.84x | 2.02x | 2.69x | 6.88x | 26.59x | 54.95x | 249.61x | 60.30x |
| Interest Coverage | 12.25x | 6.05x | 8.41x | 10.34x | 7.67x | 10.37x | 23.16x | 31.47x | 16.66x | 11.19x | 8.00x | 9.88x | 16.50x | 28.27x | 14.65x | 7.18x | -0.74x | -1.27x | -1.78x | -0.88x |
| Total Equity | 654.79M | 634.34M | 655.95M | 646.03M | 638.46M | 635.42M | 664.04M | 654.76M | 604.99M | 574.44M | 554.09M | 540.82M | 531.41M | 506.44M | 453.33M | 373.18M | 324.72M | 329M | 321.56M | 333.72M |
| Equity Growth % | 2.56% | -0.17% | -1.22% | -1.33% | 5.53% | 10.62% | 19.84% | 21.07% | 13.84% | 13.43% | 22.23% | 44.92% | 63.65% | 53.94% | 40.98% | 11.82% | 3.76% | 2.7% | -5.31% | -3.37% |
| Book Value per Share | 16.03 | 15.52 | 16.11 | 15.88 | 15.72 | 15.22 | 15.68 | 15.59 | 14.43 | 13.74 | 13.27 | 12.97 | 12.75 | 12.21 | 11.30 | 10.49 | 9.43 | 9.57 | 9.36 | 9.96 |
| Total Shareholders' Equity | 654.79M | 634.34M | 655.95M | 646.03M | 638.46M | 635.42M | 664.04M | 654.76M | 604.99M | 574.44M | 554.09M | 540.82M | 531.41M | 506.44M | 453.33M | 373.18M | 324.72M | 329M | 321.56M | 333.72M |
| Common Stock | 444K | 443K | 443K | 443K | 442K | 440K | 440K | 439K | 436K | 433K | 433K | 433K | 430K | 426K | 425K | 391K | 366K | 364K | 363.84K | 363.84K |
| Retained Earnings | 208.72M | 188.8M | 183.53M | 174.23M | 167.3M | 164.91M | 167.39M | 160M | 111.1M | 81.39M | 61.84M | 49.35M | 40.1M | 15.13M | -37.95M | -98.92M | -127.77M | -119.92M | -111.37M | -98.54M |
| Treasury Stock | -33.52M | -33.52M | -33.52M | -33.52M | -33.52M | -33.52M | -15.64M | -15.64M | -15.64M | -15.64M | -15.64M | -15.64M | -15.64M | -15.64M | -15.64M | -15.64M | -15.64M | -15.64M | -15.64M | -15.64M |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 46K | 745K | 1.47M | 2.07M | 5.25M | 4.05M | 1.04M | -151.16K | -144.02K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |