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 27 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
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 2016 Leverage 2016
Net Inc/Comm Equity0.01Total Liab/Total Assets0.54
Net Inc/Total Assets0.00Total Liab/Inv Cap0.61
Net Inc/Inv Cap0.00Total Liab/Comm Equity1.19
Pretax Inc/Net Sales0.02Interest Coverage Ratio1.21
Net Inc/Net Sales0.02Curr Debt/Equity0.10
Cash Flow/Net Sales0.26LTD/Equity1.04
SG&A/NetSales0.65Total Debt/Equity1.14
Asset Utilization   Liquidity  
Net Receivables Turnover6.65Quick Ratio1.46
Inventory TurnoverNACurrent Ratio1.59
Inventory Day SalesNANet Rec/Curr Assets0.25
Net Sales/Work Cap4.73Inv/Curr Assets0.08
Net Sales/PP&E0.21  

Income Statement (Millions)

  12/31/2016 12/31/2015 12/31/2014 12/31/2013
Total Revenues(Net Sales) 164.40 157.88 67.33 35.87
Cost of Goods Sold NA NA NA NA
Selling & Admin Exps 107.60 87.30 44.63 26.41
Operating Income 24.00 44.30 5.81 -0.35
Interest Exp 17.75 12.28 4.12 3.46
Pretax Income 3.81 32.03 1.71 -3.81
Other Income -2.44 0.02 0.02 0.01
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 3.75 31.95 1.66 -3.84

Balance Sheet (Millions)

Assets 12/31/2016 12/31/2015 12/31/2014 12/31/2013
Cash & Short Term Investments 55.95 40.11 59.88 56.86
Receivables - Total 23.23 26.21 5.62 1.07
Inventories - Total 7.34 3.97 2.49 1.13
Total Current Assets 93.76 115.41 72.23 61.96
Net Property, Plant & Equipment 785.95 658.93 485.60 290.72
Total Assets 883.64 778.20 562.21 357.97
Liabilities        
Accounts Payable 16.52 14.23 7.92 4.56
Debt in Current Liabilities 41.99 53.93 20.15 10.68
Total Current Liabilities 59.02 69.36 29.61 17.05
Long-Term Debt 420.36 361.23 205.41 108.56
Total Liabilities 479.37 430.59 235.01 125.61
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 0.34 0.26 0.26 0.18
Retained Earnings 2.92 10.40 -10.86 -12.52
Treasury Stock -4.27 -1.28 -1.28 0.00
Total Stockholders' Equity 404.27 347.61 327.20 232.36
Total Liabilities and Stockholders' Equity 883.64 778.20 562.21 357.97

Cash Flow Summary (Millions)

Categories 12/31/2016 12/31/2015 12/31/2014 12/31/2013
Net Cash Provided by Operating Activities 42.63 37.66 12.42 8.12
Net Cash Provided by Investing Activities -122.31 -232.85 -209.74 -144.64
Net Cash Provided by Financing Activities 95.52 175.42 200.34 178.04

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201225.17-4.54--
12/201335.87-3.84-0.31
12/201467.331.660.12
12/2015157.8831.950.12
12/2016164.403.75--
Growth Rates59.86----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/179425,94577.27




Report Date : 12/11/2017

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