ASC: Ardmore Shipping Corp Financial Statements
Balance sheet, income statement, and cash flow statements for Ardmore Shipping Corp (ASC).
$511.94M Market Cap.
ASC Market Cap. (MRY)
ASC Shares Outstanding (MRY)
ASC Assets (MRY)
Total Assets
$704.80M
Total Liabilities
$69.38M
Total Investments
$5.24M
ASC Income (MRY)
Revenue
$405.78M
Net Income
$133.01M
Operating Expense
$49.60M
ASC Cash Flow (MRY)
CF Operations
$160.44M
CF Investing
-$32.97M
CF Financing
-$127.29M
ASC Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $704,799,000 (2.00%) | $690,951,000 (-4.55%) | $723,859,000 (-0.09%) | $724,532,000 (-3.65%) |
Assets Current | $126,549,000 (-0.18%) | $126,778,000 (-19.63%) | $157,738,000 (67.42%) | $94,217,000 (-8.12%) |
Assets Non-Current | $578,250,000 (2.50%) | $564,173,000 (-0.34%) | $566,121,000 (-10.18%) | $630,315,000 (-2.95%) |
Goodwill & Intangible Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Shareholders Equity | $607,642,000 (13.07%) | $537,401,000 (14.49%) | $469,399,000 (60.78%) | $291,954,000 (-8.86%) |
Property Plant & Equipment Net | $565,423,000 (4.60%) | $540,565,000 (-1.11%) | $546,655,000 (-10.87%) | $613,338,000 (-6.11%) |
Cash & Equivalents | $46,988,000 (0.39%) | $46,805,000 (-7.44%) | $50,569,000 (-8.80%) | $55,449,000 (-5.00%) |
Accumulated Other Comprehensive Income | $0 (0%) | $0 (0%) | $1,468,000 (40.61%) | $1,044,000 (243.18%) |
Deferred Revenue | $482,000 (38.90%) | $347,000 (-71.56%) | $1,220,000 (-41.06%) | $2,070,000 (0%) |
Total Investments | $5,236,000 (-53.19%) | $11,186,000 (-30.72%) | $16,146,000 (41.77%) | $11,389,000 (1578.23%) |
Investments Current | $0 (0%) | $0 (0%) | $4,927,000 (1504.89%) | $307,000 (0%) |
Investments Non-Current | $5,236,000 (-53.19%) | $11,186,000 (-0.29%) | $11,219,000 (1.24%) | $11,082,000 (1532.99%) |
Inventory | $11,308,000 (-9.95%) | $12,558,000 (-20.10%) | $15,718,000 (41.67%) | $11,095,000 (7.99%) |
Trade & Non-Trade Receivables | $60,871,000 (8.25%) | $56,234,000 (-29.57%) | $79,843,000 (293.24%) | $20,304,000 (14.01%) |
Trade & Non-Trade Payables | $6,070,000 (201.09%) | $2,016,000 (-77.13%) | $8,814,000 (2.75%) | $8,578,000 (-6.00%) |
Accumulated Retained Earnings (Deficit) | $164,914,000 (102.63%) | $81,388,000 (437.75%) | $15,135,000 (112.62%) | -$119,920,000 (-46.54%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $44,237,000 (-52.93%) | $93,986,000 (-49.09%) | $184,623,000 (-50.44%) | $372,551,000 (-9.07%) |
Debt Current | $4,965,000 (-59.54%) | $12,272,000 (-41.95%) | $21,142,000 (-42.01%) | $36,460,000 (-11.88%) |
Debt Non-Current | $39,272,000 (-51.94%) | $81,714,000 (-50.02%) | $163,481,000 (-51.36%) | $336,091,000 (-8.75%) |
Total Liabilities | $69,375,000 (-40.45%) | $116,507,000 (-46.41%) | $217,417,000 (-45.03%) | $395,535,000 (-8.37%) |
Liabilities Current | $29,830,000 (-11.85%) | $33,839,000 (-36.07%) | $52,929,000 (-9.52%) | $58,501,000 (-6.99%) |
Liabilities Non-Current | $39,545,000 (-52.16%) | $82,668,000 (-49.74%) | $164,488,000 (-51.20%) | $337,034,000 (-8.61%) |
ASC Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $405,784,000 (2.48%) | $395,978,000 (-11.16%) | $445,741,000 (131.57%) | $192,484,000 (-12.53%) |
Cost of Revenue | $215,577,000 (2.05%) | $211,248,000 (-7.65%) | $228,743,000 (46.31%) | $156,342,000 (7.70%) |
Selling General & Administrative Expense | $28,040,000 (11.09%) | $25,241,000 (4.70%) | $24,107,000 (25.58%) | $19,196,000 (7.22%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $49,598,000 (-12.37%) | $56,600,000 (-12.19%) | $64,461,000 (14.97%) | $56,067,000 (-10.63%) |
Interest Expense | $6,778,000 (-40.59%) | $11,408,000 (-26.58%) | $15,537,000 (-4.10%) | $16,202,000 (-10.82%) |
Income Tax Expense | $215,000 (-50.57%) | $435,000 (110.14%) | $207,000 (38.00%) | $150,000 (-24.62%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $133,006,000 (13.87%) | $116,808,000 (-15.63%) | $138,454,000 (475.91%) | -$36,832,000 (-509.20%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | $133,006,000 (13.87%) | $116,808,000 (-15.63%) | $138,454,000 (475.91%) | -$36,832,000 (-509.20%) |
Preferred Dividends Income Statement Impact | $4,399,000 (29.38%) | $3,400,000 (0.00%) | $3,400,000 (171.13%) | $1,254,000 (0%) |
Net Income Common Stock | $128,607,000 (13.40%) | $113,408,000 (-16.03%) | $135,054,000 (454.60%) | -$38,086,000 (-529.94%) |
Weighted Average Shares | $41,655,701 (1.28%) | $41,130,089 (10.46%) | $37,235,599 (9.89%) | $33,882,932 (1.93%) |
Weighted Average Shares Diluted | $42,041,821 (0.53%) | $41,821,637 (9.02%) | $38,359,985 (13.21%) | $33,882,932 (1.93%) |
Earning Before Interest & Taxes (EBIT) | $139,999,000 (8.82%) | $128,651,000 (-16.57%) | $154,198,000 (852.92%) | -$20,480,000 (-266.22%) |
Gross Profit | $190,207,000 (2.96%) | $184,730,000 (-14.87%) | $216,998,000 (500.40%) | $36,142,000 (-51.74%) |
Operating Income | $140,609,000 (9.74%) | $128,130,000 (-16.00%) | $152,537,000 (865.56%) | -$19,925,000 (-263.95%) |
ASC Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$32,973,000 (-22.87%) | -$26,836,000 (-175.79%) | $35,410,000 (2076.40%) | $1,627,000 (107.75%) |
Net Cash Flow from Financing | -$127,289,000 (6.77%) | -$136,537,000 (17.00%) | -$164,497,000 (-9821.41%) | -$1,658,000 (91.02%) |
Net Cash Flow from Operations | $160,445,000 (0.52%) | $159,609,000 (28.50%) | $124,207,000 (4405.27%) | -$2,885,000 (-106.26%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $183,000 (104.86%) | -$3,764,000 (22.87%) | -$4,880,000 (-67.35%) | -$2,916,000 (-143.90%) |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | $1,650,000 (232.64%) | -$1,244,000 (-111.56%) | -$588,000 (89.39%) | -$5,541,000 (0%) |
Capital Expenditure | -$34,191,000 (-34.70%) | -$25,384,000 (-170.31%) | $36,104,000 (397.16%) | $7,262,000 (134.74%) |
Issuance (Repayment) of Debt Securities | -$50,270,000 (41.53%) | -$85,983,000 (56.27%) | -$196,616,000 (-419.16%) | -$37,872,000 (-132.44%) |
Issuance (Purchase) of Equity Shares | -$17,935,000 (0%) | $0 (0%) | $38,909,000 (0%) | $0 (0%) |
Payment of Dividends & Other Cash Distributions | -$45,079,000 (4.40%) | -$47,154,000 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $4,650,000 (44.54%) | $3,217,000 (5.23%) | $3,057,000 (16.99%) | $2,613,000 (-12.93%) |
Depreciation Amortization & Accretion | $33,880,000 (8.04%) | $31,359,000 (-6.21%) | $33,437,000 (-9.31%) | $36,871,000 (-3.95%) |
ASC Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 46.90% (0.43%) | 46.70% (-4.11%) | 48.70% (159.04%) | 18.80% (-44.71%) |
Profit Margin | 31.70% (10.84%) | 28.60% (-5.61%) | 30.30% (253.03%) | -19.80% (-633.33%) |
EBITDA Margin | 42.90% (6.19%) | 40.40% (-4.04%) | 42.10% (395.29%) | 8.50% (-63.04%) |
Return on Average Equity (ROAE) | 21.30% (-3.62%) | 22.10% (-38.27%) | 35.80% (386.40%) | -12.50% (-594.44%) |
Return on Average Assets (ROAA) | 17.90% (9.82%) | 16.30% (-12.37%) | 18.60% (457.69%) | -5.20% (-550.00%) |
Return on Sales (ROS) | 34.50% (6.15%) | 32.50% (-6.07%) | 34.60% (426.42%) | -10.60% (-289.29%) |
Return on Invested Capital (ROIC) | 20.70% (16.95%) | 17.70% (1.14%) | 17.50% (933.33%) | -2.10% (-275.00%) |
Dividend Yield | 8.90% (8.54%) | 8.20% (0%) | 0% (0%) | 0% (0%) |
Price to Earnings Ratio (P/E) | 3.93 (-22.98%) | 5.11 (28.59%) | 3.97 (231.54%) | -3.02 (83.39%) |
Price to Sales Ratio (P/S) | 1.25 (-14.82%) | 1.46 (21.59%) | 1.2 (102.35%) | 0.59 (20.45%) |
Price to Book Ratio (P/B) | 0.84 (-22.16%) | 1.08 (-8.99%) | 1.19 (198.99%) | 0.4 (17.75%) |
Debt to Equity Ratio (D/E) | 0.11 (-47.47%) | 0.22 (-53.13%) | 0.46 (-65.83%) | 1.35 (0.52%) |
Earnings Per Share (EPS) | 3.09 (11.96%) | 2.76 (-23.97%) | 3.63 (424.11%) | -1.12 (-522.22%) |
Sales Per Share (SPS) | 9.74 (1.18%) | 9.63 (-19.58%) | 11.97 (110.72%) | 5.68 (-14.18%) |
Free Cash Flow Per Share (FCFPS) | 3.03 (-7.11%) | 3.26 (-24.20%) | 4.3 (3237.21%) | 0.13 (-82.98%) |
Book Value Per Share (BVPS) | 14.59 (11.64%) | 13.07 (3.65%) | 12.61 (46.29%) | 8.62 (-10.57%) |
Tangible Assets Book Value Per Share (TABVPS) | 16.92 (0.72%) | 16.8 (-13.59%) | 19.44 (-9.09%) | 21.38 (-5.48%) |
Enterprise Value Over EBIT (EV/EBIT) | 4 (-20.00%) | 5 (0.00%) | 5 (122.73%) | -22 (-159.46%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 2.84 (-28.23%) | 3.96 (-1.02%) | 4 (-85.29%) | 27.2 (201.79%) |
Asset Turnover | 0.56 (-0.70%) | 0.57 (-7.48%) | 0.61 (132.95%) | 0.26 (-7.69%) |
Current Ratio | 4.24 (13.21%) | 3.75 (25.74%) | 2.98 (84.98%) | 1.61 (-1.17%) |
Dividends | $1.08 (-6.09%) | $1.15 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | $126,254,000 (-5.94%) | $134,225,000 (-16.27%) | $160,311,000 (3562.58%) | $4,377,000 (-82.62%) |
Enterprise Value (EV) | $494,380,255 (-22.00%) | $633,844,910 (-15.58%) | $750,842,740 (68.39%) | $445,883,958 (-2.45%) |
Earnings Before Tax (EBT) | $133,221,000 (13.63%) | $117,243,000 (-15.45%) | $138,661,000 (478.01%) | -$36,682,000 (-527.36%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $173,879,000 (8.67%) | $160,010,000 (-14.72%) | $187,635,000 (1044.74%) | $16,391,000 (-67.68%) |
Invested Capital | $672,218,000 (-4.55%) | $704,293,000 (-12.51%) | $804,984,000 (-18.12%) | $983,133,000 (-5.51%) |
Working Capital | $96,719,000 (4.07%) | $92,939,000 (-11.33%) | $104,809,000 (193.45%) | $35,716,000 (-9.91%) |
Tangible Asset Value | $704,799,000 (2.00%) | $690,951,000 (-4.55%) | $723,859,000 (-0.09%) | $724,532,000 (-3.65%) |
Market Capitalization | $511,942,255 (-12.02%) | $581,902,910 (4.17%) | $558,620,740 (380.95%) | $116,149,928 (7.32%) |
Average Equity | $605,074,500 (17.91%) | $513,146,500 (35.98%) | $377,375,500 (24.33%) | $303,524,668 (-9.19%) |
Average Assets | $718,444,000 (3.30%) | $695,471,000 (-4.03%) | $724,690,500 (-0.49%) | $728,292,939 (-5.20%) |
Invested Capital Average | $675,381,250 (-6.96%) | $725,912,500 (-17.47%) | $879,586,500 (-11.95%) | $998,992,981 (-5.81%) |
Shares | 42,135,165 (2.02%) | 41,299,000 (6.53%) | 38,766,186 (12.81%) | 34,363,884 (3.83%) |
