Ardmore Shipping Corp balance sheet

At the end of fiscal 2025, Ardmore Shipping Corp had total assets of $789m, total liabilities of $154m and shareholders' equity of $634m. It held $46.8m in cash against $127m of debt: net debt of $80.2m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Ardmore Shipping Corp: balance sheet, annual
Fiscal year	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	5	15	57	60	39	56	39	57	52	58	55	51	47	47	47
Receivables	—	1	1	5	26	23	27	27	30	18	20	80	56	61	48
Inventory	—	1	1	2	4	7	10	13	10	10	11	16	13	11	9
Total current assets	—	20	62	72	115	94	84	109	98	103	94	158	127	127	112
Total assets	—	180	358	562	778	884	846	845	772	752	725	724	691	705	789
Deferred revenue (current)	—	1	2	2	1	1	0	—	—	—	—	—	—	—	—
Total current liabilities	—	11	17	30	69	59	58	76	60	63	59	53	34	30	26
Short-term debt	—	7	9	18	27	42	37	23	20	22	15	13	6	—	—
Long-term debt	—	60	80	179	361	411	367	206	187	188	130	116	40	39	127
Total debt	0	67	89	205	396	464	413	232	212	214	147	131	47	39	127
Total liabilities	—	—	—	—	—	—	—	—	—	432	396	217	117	69	154
Shareholders' equity	62	108	232	327	348	404	381	347	326	320	292	469	537	608	634
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	—	—	—	—	—	—	—	37	37	37	28	—
Net debt (negative = net cash)	−5	52	32	145	357	408	373	175	160	156	92	80	−0	−8	80
Shares outstanding	—	16m	—	26m	26m	34m	32m	33m	33m	33m	34m	41m	41m	40m	41m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Ardmore Shipping Corp's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Ardmore Shipping Corp.