Financial Snapshot

Revenue
$422.6M
TTM
Gross Margin
53.97%
TTM
Net Earnings
$149.7M
TTM
Current Assets
$132.8M
Q3 2024
Current Liabilities
$37.18M
Q3 2024
Current Ratio
357.05%
Q3 2024
Total Assets
$722.8M
Q3 2024
Total Liabilities
$58.77M
Q3 2024
Book Value
$664.0M
Q3 2024
Cash
$47.57M
Q3 2024
P/E
3.134
Nov 29, 2024 EST
Free Cash Flow
$89.72M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Revenue $396.0M $445.7M $192.5M $220.1M $230.0M $210.2M $195.9M $164.4M $157.9M $67.30M $35.90M $25.20M $22.40M $3.500M
YoY Change -11.16% 131.57% -12.55% -4.3% 9.42% 7.3% 19.16% 4.12% 134.62% 87.47% 42.46% 12.5% 540.0%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Revenue $396.0M $445.7M $192.5M $220.1M $230.0M $210.2M $195.9M $164.4M $157.9M $67.30M $35.90M $25.20M $22.40M $3.500M
Cost Of Revenue $191.7M $213.7M $149.4M $143.8M $158.6M $165.2M $135.6M $93.50M $76.60M $36.50M $20.70M $15.40M $12.70M $2.200M
Gross Profit $204.3M $232.0M $43.07M $76.30M $71.40M $45.00M $60.30M $70.90M $81.30M $30.90M $15.10M $9.800M $9.700M $1.300M
Gross Profit Margin 51.59% 52.05% 22.38% 34.67% 31.04% 21.41% 30.78% 43.13% 51.49% 45.91% 42.06% 38.89% 43.3% 37.14%

Selling, General & Admin Expense

Research & Development

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Selling, General & Admin $44.82M $39.10M $26.13M $19.30M $18.00M $15.80M $14.40M $13.90M $10.60M $8.100M $5.600M $4.600M $4.200M $900.0K
YoY Change 14.61% 49.65% 35.38% 7.22% 13.92% 9.72% 3.6% 31.13% 30.86% 44.64% 21.74% 9.52% 366.67%
% of Gross Profit 21.94% 16.85% 60.66% 25.29% 25.21% 35.11% 23.88% 19.61% 13.04% 26.21% 37.09% 46.94% 43.3% 69.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.82M $29.28M $31.70M $32.19M $32.32M $35.14M $34.27M $30.09M $24.16M $14.85M $8.390M $6.200M $5.340M $1.000M
YoY Change -4.98% -7.66% -1.51% -0.4% -8.03% 2.54% 13.89% 24.54% 62.69% 77.0% 35.32% 16.1% 434.0%
% of Gross Profit 13.62% 12.62% 73.6% 42.19% 45.27% 78.09% 56.83% 42.44% 29.72% 48.06% 55.56% 63.27% 55.05% 76.92%
Operating Expenses $76.17M $72.54M $63.00M $57.70M $55.30M $54.60M $51.80M $46.90M $37.00M $25.00M $15.50M $11.30M $9.600M $1.800M
YoY Change 5.01% 15.14% 9.18% 4.34% 1.28% 5.41% 10.45% 26.76% 48.0% 61.29% 37.17% 17.71% 433.33%
Operating Profit $128.1M $159.5M -$19.93M $18.60M $16.10M -$9.600M $8.500M $24.00M $44.30M $5.900M -$400.0K -$1.500M $100.0K -$500.0K
YoY Change -19.64% -900.21% -207.13% 15.53% -267.71% -212.94% -64.58% -45.82% 650.85% -1575.0% -73.33% -1600.0% -120.0%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Interest Expense -$9.852M -$12.11M -$16.44M -$18.00M -$25.30M -$24.50M -$20.90M -$17.60M -$12.30M -$4.100M -$3.500M -$3.000M -$3.100M -$600.0K
YoY Change -18.61% -26.37% -8.67% -28.85% 3.27% 17.22% 18.75% 43.09% 200.0% 17.14% 16.67% -3.23% 416.67%
% of Operating Profit -7.69% -7.59% -96.77% -157.14% -245.88% -73.33% -27.77% -69.49% -3100.0%
Other Income/Expense, Net $0.00 -$500.0K -$2.300M
YoY Change -100.0% -78.26%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Pretax Income $118.3M $138.9M -$36.37M -$5.800M -$22.80M -$42.80M -$12.40M $3.800M $32.00M $1.700M -$3.800M -$4.500M -$3.000M -$1.200M
YoY Change -14.82% -481.83% 527.0% -74.56% -46.73% 245.16% -426.32% -88.13% 1782.35% -144.74% -15.56% 50.0% 150.0%
Income Tax $435.0K $207.0K $149.6K $200.0K $100.0K $200.0K $100.0K $100.0K $100.0K $0.00 $0.00 $100.0K $0.00 $0.00
% Of Pretax Income 0.37% 0.15% 2.63% 0.31% 0.0%
Net Earnings $113.4M $135.1M -$36.83M -$6.000M -$22.90M -$42.90M -$12.50M $3.700M $32.00M $1.700M -$3.800M -$4.500M -$3.000M -$1.200M
YoY Change -16.03% -466.67% 513.88% -73.8% -46.62% 243.2% -437.84% -88.44% 1782.35% -144.74% -15.56% 50.0% 150.0%
Net Earnings / Revenue 28.64% 30.3% -19.14% -2.73% -9.96% -20.41% -6.38% 2.25% 20.27% 2.53% -10.58% -17.86% -13.39% -34.29%
Basic Earnings Per Share $2.76 $3.63 -$1.12 -$0.18
Diluted Earnings Per Share $2.71 $3.52 -$1.087M -$180.7K -$691.8K -$1.308M -$374.3K $122.9K $1.226M $69.39K -$311.5K -$248.6K -$165.7K -$66.30K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

No data

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Cash & Short-Term Investments $46.81M $50.57M $55.45M $58.40M $51.70M $56.90M $39.50M $56.00M $40.10M $59.90M $56.90M $15.30M $5.500M
YoY Change -7.44% -8.8% -5.05% 12.96% -9.14% 44.05% -29.46% 39.65% -33.06% 5.27% 271.9% 178.18%
Cash & Equivalents $46.81M $50.57M $55.45M $58.40M $51.70M $56.90M $39.50M $56.00M $40.10M $59.90M $56.90M $15.30M $5.500M
Short-Term Investments
Other Short-Term Assets $11.18M $11.61M $7.369M $16.10M $6.000M $11.50M $7.500M $7.200M $45.10M $4.300M $2.900M $2.200M $4.400M
YoY Change -3.67% 57.52% -54.23% 168.33% -47.83% 53.33% 4.17% -84.04% 948.84% 48.28% 31.82% -50.0%
Inventory $12.56M $15.72M $11.10M $10.30M $10.20M $12.80M $9.600M $7.300M $4.000M $2.500M $1.100M $700.0K $600.0K
Prepaid Expenses
Receivables $56.23M $79.84M $20.30M $17.80M $30.10M $27.50M $27.30M $23.10M $26.20M $5.000M $700.0K $900.0K $2.000M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $700.0K $0.00 $100.0K $0.00 $600.0K $400.0K $500.0K $400.0K
Total Short-Term Assets $126.8M $157.7M $94.22M $102.5M $98.00M $109.5M $83.90M $93.80M $115.4M $72.20M $62.00M $19.60M $13.00M
YoY Change -19.63% 67.42% -8.08% 4.59% -10.5% 30.51% -10.55% -18.72% 59.83% 16.45% 216.33% 50.77%
Property, Plant & Equipment $528.5M $541.9M $605.0M $633.8M $663.5M $727.6M $755.9M $786.6M $659.1M $485.8M $290.9M $154.6M $145.9M
YoY Change -2.47% -10.43% -4.54% -4.48% -8.81% -3.74% -3.9% 19.34% 35.67% 67.0% 88.16% 5.96%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $10.70M $10.80M $10.50M
YoY Change -0.93% 2.86%
Other Assets $35.63M $24.18M $11.89M $12.80M $8.100M $7.700M $5.800M $3.200M $3.700M $4.200M $5.100M $5.800M $1.800M
YoY Change 47.34% 103.32% -7.08% 58.02% 5.19% 32.76% 81.25% -13.51% -11.9% -17.65% -12.07% 222.22%
Total Long-Term Assets $564.2M $566.1M $630.3M $649.5M $674.4M $735.3M $761.6M $789.8M $662.8M $490.0M $296.0M $160.4M $147.6M
YoY Change -0.34% -10.18% -2.95% -3.69% -8.28% -3.45% -3.57% 19.16% 35.27% 65.54% 84.54% 8.67%
Total Assets $691.0M $723.9M $724.5M $752.0M $772.4M $844.8M $845.5M $883.6M $778.2M $562.2M $358.0M $180.0M $160.6M
YoY Change
Accounts Payable $2.016M $8.814M $8.578M $9.100M $4.800M $24.60M $16.10M $14.40M $12.50M $7.000M $4.000M $3.100M $2.200M
YoY Change -77.13% 2.76% -5.74% 89.58% -80.49% 52.8% 11.81% 15.2% 78.57% 75.0% 29.03% 40.91%
Accrued Expenses $23.01M $28.11M $11.67M $12.50M $17.40M $2.200M $1.500M $2.100M $1.800M $900.0K $600.0K $500.0K $500.0K
YoY Change -18.14% 140.98% -6.68% -28.16% 690.91% 46.67% -28.57% 16.67% 100.0% 50.0% 20.0% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $30.30M
YoY Change -100.0%
Long-Term Debt Due $8.465M $14.78M $36.19M $40.90M $38.20M $48.70M $40.60M $42.00M $53.80M $19.50M $10.70M $6.800M $5.600M
YoY Change -42.74% -59.15% -11.52% 7.07% -21.56% 19.95% -3.33% -21.93% 175.9% 82.24% 57.35% 21.43%
Total Short-Term Liabilities $33.84M $52.93M $58.50M $62.90M $60.40M $75.50M $58.30M $59.00M $69.40M $29.60M $17.00M $11.30M $39.00M
YoY Change -36.07% -9.52% -7.0% 4.14% -20.0% 29.5% -1.19% -14.99% 134.46% 74.12% 50.44% -71.03%
Long-Term Debt $81.20M $159.5M $335.4M $367.3M $384.8M $421.1M $406.3M $420.4M $361.2M $205.4M $108.6M $60.30M $60.00M
YoY Change -49.09% -52.44% -8.69% -4.55% -8.62% 3.64% -3.35% 16.39% 75.85% 89.13% 80.1% 0.5%
Other Long-Term Liabilities $1.464M $4.976M $1.665M $1.500M $1.200M $1.500M
YoY Change -70.58% 198.93% 10.97% 25.0% -20.0%
Total Long-Term Liabilities $82.67M $164.5M $337.0M $368.8M $386.0M $422.6M $406.3M $420.4M $361.2M $205.4M $108.6M $60.30M $60.00M
YoY Change -49.74% -51.2% -8.61% -4.46% -8.66% 4.01% -3.35% 16.39% 75.85% 89.13% 80.1% 0.5%
Total Liabilities $116.5M $217.4M $395.5M $431.7M $446.4M $498.2M $464.6M $479.4M $430.6M $235.0M $125.6M $71.60M $99.00M
YoY Change -46.41% -45.03% -8.38% -3.29% -10.4% 7.23% -3.09% 11.33% 83.23% 87.1% 75.42% -27.68%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

No data

Preferred Stock

No data

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Basic Shares Outstanding 41.13M 37.24M 33.88M 33.24M
Diluted Shares Outstanding 41.82M 38.36M 33.88M 33.24M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

No data

Stock Price

Market Cap: $469.05 Million

About Ardmore Shipping Corp

Ardmore Shipping Corp. engages in the provision of seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with modern, fuel-efficient fleet of mid-size products and chemical tankers. The firm operates through one segment, which is transportation of refined petroleum products and chemicals. The firm provides seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with its fleet of mid-size product and chemical tankers. The company provides shipping services to customers through voyage charters, time charters, and commercial pools. The company has the global network to support its seafarers and deliver shipping services to its customers. Its vessels include Ardmore Seafarer, Ardmore Exporter, Ardmore Explorer, Ardmore Enterprise, Ardmore Engineer, Ardmore Endurance, Ardmore Endeavour, Ardmore Encounter, Ardmore Seahawk, Ardmore Seavanguard, Ardmore Seavantage, Ardmore Seaventure, Ardmore Chippewa, Ardmore Chinook, and Ardmore Seavaliant, among others.

Industry: Deep Sea Foreign Transportation of Freight Peers: DHT Holdings, Inc. NORDIC AMERICAN TANKERS Ltd SFL Corp Ltd. TEEKAY CORP LTD