Company Information

  

Address: 69 PITTS BAY ROAD  
City: HAMILTON 
State:  
Zip Code: HM08 
Telephone: 441-405-7800 

Description of Business

Primary SIC Code: 4412
(As filed with the SEC)  

We are Ardmore Shipping Corporation. We provide seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with our modern, fuel-efficient fleet of mid-size product and chemical tankers. Our current fleet consists of 28 vessels, all of which are in operation. Ardmore Shipping Corporation was incorporated under the laws of the Republic of the Marshall Islands on May 14, 2013. We commenced business operations through our predecessor company, Ardmore Shipping LLC, on April 15, 2010. On August 6, 2013, we completed our initial public offering ("IPO") of 10,000,000 shares of our common stock. Prior to our IPO, GA Holdings LLC, who was our sole shareholder, exchanged its 100% interest in Ardmore Shipping LLC for 8,049,500 shares of Ardmore Shipping Corporation, and Ardmore Shipping LLC became a wholly owned subsidiary of Ardmore Shipping Corporation.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/2018-0.47NAN/E
12/2017-0.37NAN/E
12/20150.120.310106.00
06/20150.630.10019.22
12/20140.120.10099.75
06/2014-0.380.100N/E
12/2013-0.310.066N/E

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity-0.03Total Liab/Total Assets0.55
Net Inc/Total Assets-0.01Total Liab/Inv Cap0.62
Net Inc/Inv Cap-0.02Total Liab/Comm Equity1.19
Pretax Inc/Net Sales-0.06Interest Coverage Ratio0.42
Net Inc/Net Sales-0.06Curr Debt/Equity0.11
Cash Flow/Net Sales0.09LTD/Equity1.07
SG&A/NetSales0.77Total Debt/Equity1.17
Asset Utilization   Liquidity  
Net Receivables Turnover7.76Quick Ratio1.27
Inventory TurnoverNACurrent Ratio1.44
Inventory Day SalesNANet Rec/Curr Assets0.33
Net Sales/Work Cap7.65Inv/Curr Assets0.11
Net Sales/PP&E0.26  

Income Statement (Millions)

  12/31/2017 12/31/2016 12/31/2015 12/31/2014
Total Revenues(Net Sales) 195.94 164.40 157.88 67.33
Cost of Goods Sold NA NA NA NA
Selling & Admin Exps 150.23 107.60 87.30 44.63
Operating Income 8.51 24.00 44.30 5.81
Interest Exp 21.38 17.75 12.28 4.12
Pretax Income -12.43 3.81 32.03 1.71
Other Income 0.44 -2.44 0.02 0.02
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -12.49 3.75 31.95 1.66

Balance Sheet (Millions)

Assets 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Cash & Short Term Investments 39.46 55.95 40.11 59.88
Receivables - Total 27.26 23.23 26.21 5.62
Inventories - Total 9.63 7.34 3.97 2.49
Total Current Assets 83.88 93.76 115.41 72.23
Net Property, Plant & Equipment 752.26 785.95 658.93 485.60
Total Assets 845.54 883.64 778.20 562.21
Liabilities        
Accounts Payable 17.64 16.52 14.23 7.92
Debt in Current Liabilities 40.62 41.99 53.93 20.15
Total Current Liabilities 58.26 59.02 69.36 29.61
Long-Term Debt 406.31 420.36 361.23 205.41
Total Liabilities 464.57 479.37 430.59 235.01
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 0.34 0.34 0.26 0.26
Retained Earnings -9.57 2.92 10.40 -10.86
Treasury Stock -15.35 -4.27 -1.28 -1.28
Total Stockholders' Equity 380.97 404.27 347.61 327.20
Total Liabilities and Stockholders' Equity 845.54 883.64 778.20 562.21

Cash Flow Summary (Millions)

Categories 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Cash Provided by Operating Activities 18.42 42.63 37.66 12.42
Net Cash Provided by Investing Activities -2.28 -122.31 -232.85 -209.74
Net Cash Provided by Financing Activities -32.63 95.52 175.42 200.34

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201335.87-3.84-0.31
12/201467.331.660.12
12/2015157.8831.950.12
12/2016164.403.75--
12/2017195.94-12.49-0.37
Growth Rates52.88----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/1810231,30896.50




Report Date : 7/16/2018

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