Ardmore Shipping Corporation

NYSE ASC

Ardmore Shipping Corporation Interest Coverage Ratio for the year ending December 31, 2023: 11.40

Ardmore Shipping Corporation Interest Coverage Ratio is 11.40 for the year ending December 31, 2023, a 14.70% change year over year. Interest coverage ratio assesses earnings' ability to cover interest expenses; higher ratios signal lower risk.

Ardmore Shipping Corporation Interest Coverage Ratio for the year ending December 31, 2022 was 9.94, a 765.57% change year over year.
Ardmore Shipping Corporation Interest Coverage Ratio for the year ending December 31, 2021 was -1.49, a -321.58% change year over year.
Ardmore Shipping Corporation Interest Coverage Ratio for the year ending December 31, 2020 was 0.67, a 427.16% change year over year.
Ardmore Shipping Corporation Interest Coverage Ratio for the year ending December 31, 2019 was 0.13, a 119.86% change year over year.

Key data

Date	Interest Coverage Ratio	Debt to Equity Ratio	Interest Expense To Sales	Inventory Turnover Ratio

NYSE: ASC

Ardmore Shipping Corporation

CEO	Mr. Gernot Ruppelt
IPO Date	Aug. 1, 2013
Location	Bermuda
Headquarters	Belvedere Building
Employees	56
Sector	Industrials
Industries Maritime Shipping Container Shipping Petrochemicals

Description

Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. As of February 15, 2022, 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.

Key trends

Past 5 years