Ardmore Shipping (ASC) Balance Sheet: Assets & Liabilities

Ardmore Shipping (ASC) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Ardmore Shipping reported total assets of $788.72M and total liabilities of $154.39M. Shareholders' equity was $634.34M, down 0.2% from $635.42M a year earlier. Total debt stood at $128.87M against $46.84M in cash and short-term investments, a net debt position of $82.03M. That puts debt-to-equity at 0.20, compared with 0.08 a year earlier.

Ardmore Shipping Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Ardmore Shipping Corporation (ASC) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	46.85	46.99	46.81	50.57	55.45	58.37	51.72	56.90	39.46
Cash & Short-Term Investments	46.85	46.99	46.81	50.57	55.45	58.37	51.72	56.90	39.46
Accounts Receivable	47.54	60.87	56.23	79.84	20.30	17.81	30.08	28.25	27.26
Inventory	8.91	11.31	12.56	15.72	11.10	10.27	10.16	12.81	9.63
Other Current Assets	8.56	7.38	11.18	11.61	3.51	16.10	6.05	12.29	7.53
Total Current Assets	111.85	126.55	126.78	157.74	94.22	102.54	98.02	109.47	83.88
Non-Current Assets
Property, Plant & Equipment (Net)	639.90	556.02	528.54	547.47	606.49	633.80	662.95	724.61	752.26
Long-Term Investments	4.98	5.24	11.19	11.22	11.08	0.00	2.88	0.00	0.00
Other Non-Current Assets	31.99	17.00	35.63	7.43	25.86	15.66	8.59	10.68	9.39
Total Non-Current Assets	676.87	578.25	564.17	566.12	630.32	649.46	674.42	735.29	761.66
Total Assets	788.72	704.80	690.95	723.86	724.53	752.01	772.44	844.76	845.54
Current Liabilities
Accounts Payable	5.07	6.07	2.02	8.81	8.58	9.13	4.79	8.60	16.10
Short-Term Debt	0.60	9.93	6.44	21.14	15.10	41.37	38.48	49.16	40.61
Current Portion of Long-Term Debt	-	-	6.44	12.93	15.10	-	-	-	-
Accrued Liabilities	18.59	18.31	19.20	21.75	11.39	-	-	-	-
Deferred Revenue	0.00	0.48	0.35	1.22	2.07	0.00	0.00	0.00	0.00
Other Current Liabilities	20.18	13.35	19.20	21.75	11.39	12.40	17.16	17.78	1.54
Total Current Liabilities	25.85	29.83	33.84	52.93	58.50	62.90	60.43	75.54	58.26
Non-Current Liabilities
Long-Term Debt	128.27	39.27	39.59	163.48	130.00	368.34	385.95	422.64	406.31
Other Non-Current Liabilities	0.27	0.27	0.95	1.01	0.94	0.43	0.00	0.00	0.00
Total Non-Current Liabilities	128.54	39.55	82.67	164.49	337.03	368.77	385.95	422.64	406.31
Total Liabilities	154.39	69.38	116.51	217.42	395.54	431.67	446.38	498.18	464.57
Stockholders' Equity
Common Stock	0.44	0.44	0.43	0.43	0.36	0.35	0.35	0.35	0.34
Retained Earnings	188.80	164.91	81.39	15.14	-119.92	-81.83	-75.79	-52.93	-9.57
Accumulated Other Comprehensive Income	0.00	0.00	0.00	1.47	1.04	-0.73	0.00	-135.40	-110.30
Treasury Stock	33.52	33.52	15.64	15.64	15.64	-	-	-	-
Additional Paid-in Capital	445.10	442.29	471.22	452.37	426.10	402.55	401.49	399.16	390.20
Shares Outstanding	40.73	40.46	41.30	40.63	34.36	-	-	-	-
Total Stockholders' Equity	634.34	635.42	574.44	506.44	329.00	320.33	326.06	346.58	380.97
Total Liabilities & Equity	788.72	704.80	690.95	723.86	724.53	752.01	772.44	844.76	845.54

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Ardmore Shipping Balance Sheet

How much debt does Ardmore Shipping have?

Ardmore Shipping had total debt of $128.87M as of Dec 31, 2025, against $46.84M in cash and short-term investments. Its debt-to-equity ratio was 0.20. Total debt was $49.20M a year earlier.

What are Ardmore Shipping's total assets?

Ardmore Shipping reported total assets of $788.72M as of Dec 31, 2025, up 11.9% from $704.80M a year earlier. Total liabilities were $154.39M.

What is Ardmore Shipping's shareholders' equity?

Ardmore Shipping's shareholders' equity was $634.34M as of Dec 31, 2025, or about $15.57 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition