Ardmore Shipping Corporation

Ardmore Shipping Corporationverified

ASC

Price:

$11.85

Market Cap:

$495.82M

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.[Read more]

Industry

Marine Shipping

IPO Date

2013-08-01

Stock Exchange

NYSE

Ticker

ASC

The Current Ratio as of November 2024 (TTM) for Ardmore Shipping Corporation (ASC) is 3.57

According to Ardmore Shipping Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 3.57. This represents a change of 11.86% compared to the average of 3.19 of the last 4 quarters.

Ardmore Shipping Corporation (ASC) Historical Current Ratio (quarterly & annually)

How has ASC Current Ratio performed in the past?

The mean historical Current Ratio of Ardmore Shipping Corporation over the last ten years is 2.00. The current 3.57 Current Ratio has changed 17.72% with respect to the historical average. Over the past ten years (40 quarters), ASC's Current Ratio was at its highest in in the December 2023 quarter at 3.75. The Current Ratio was at its lowest in in the September 2018 quarter at 1.16.

Quarterly (TTM)
Annual

Average

2.00

Median

1.63

Minimum

1.44

Maximum

3.75

Ardmore Shipping Corporation (ASC) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Ardmore Shipping Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 85.04%

Maximum Annual Current Ratio = 3.75

Minimum Annual Increase = -36.33%

Minimum Annual Current Ratio = 1.44

Quarterly (TTM)
Annual
YearCurrent RatioChange
20233.7525.71%
20222.9885.04%
20211.61-1.21%
20201.630.51%
20191.6211.93%
20181.450.65%
20171.44-9.37%
20161.59-3.83%
20151.65-28.61%
20142.31-36.33%

Ardmore Shipping Corporation (ASC) Average Current Ratio

How has ASC Current Ratio performed in the past?

The current Current Ratio of Ardmore Shipping Corporation (ASC) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

2.78

5-year avg

2.32

10-year avg

2.00

Ardmore Shipping Corporation (ASC) Current Ratio vs. Peers

How is ASC’s Current Ratio compared to its peers?

Ardmore Shipping Corporation’s Current Ratio is less than International Seaways, Inc. (3.60), greater than Scorpio Tankers Inc. (2.21), less than Dorian LPG Ltd. (4.22), greater than Euronav NV (1.46), less than Teekay Tankers Ltd. (6.80),

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