Ardmore Shpng Net Assets
Ardmore Shpng net assets. Based on the latest financial reports, Ardmore Shpng (ASC) has net assets worth $634.34 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($788.72 Million) and total liabilities ($154.39 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Ardmore Shpng annual equity growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $634.34 Million |
| % of Total Assets | 80.43% |
| Annual Growth Rate | 18.12% |
| 5-Year Change | 92.81% |
| 10-Year Change | 56.91% |
| Growth Volatility | 35.09 |
Net Assets of Ardmore Shpng (2011–2025)
Net assets of Ardmore Shpng from 2011 to 2025. This chart illustrates how Ardmore Shpng's net assets have evolved over time, based on quarterly financial data. See net asset quality index of Ardmore Shpng to measure how much of total assets are equity-financed.
Annual Net Assets for Ardmore Shpng (2011–2025)
The table below shows the annual net assets of Ardmore Shpng from 2011 to 2025. For live market cap and overall valuation, see Ardmore Shpng market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $634.34 Million | -0.17% |
| 2024-12-31 | $635.42 Million | +10.62% |
| 2023-12-31 | $574.44 Million | +13.43% |
| 2022-12-31 | $506.44 Million | +53.94% |
| 2021-12-31 | $329.00 Million | +2.70% |
| 2020-12-31 | $320.33 Million | -1.75% |
| 2019-12-31 | $326.06 Million | -5.92% |
| 2018-12-31 | $346.58 Million | -9.03% |
| 2017-12-31 | $380.97 Million | -5.76% |
| 2016-12-31 | $404.27 Million | +16.30% |
| 2015-12-31 | $347.61 Million | +6.24% |
| 2014-12-31 | $327.20 Million | +40.82% |
| 2013-12-31 | $232.36 Million | +114.37% |
| 2012-12-31 | $108.39 Million | +75.95% |
| 2011-12-31 | $61.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ardmore Shpng's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 19294227000.0% over the analyzed period, indicating profitable operations and earnings retention.
Ardmore Shpng Net Assets Breakdown (December 2025)
Ardmore Shpng net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $188.80 Million | 29.76% |
| Common Stock | $443.00K | 0.07% |
| Other Components | $445.10 Million | 70.17% |
| Total Equity | $634.34 Million | 100.00% |
Ardmore Shpng Competitors by Market Cap
The table below lists competitors of Ardmore Shpng ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ridley Corporation Ltd
AU:RIC
|
$710.82 Million |
|
Gerresheimer AG
F:GXI
|
$710.83 Million |
|
Leshan Electric Power Co Ltd
SHG:600644
|
$710.86 Million |
|
Hemnet Group AB
ST:HEM
|
$710.94 Million |
|
Vina Concha To
SN:CONCHATORO
|
$710.76 Million |
|
Jinxi Axle Co Ltd
SHG:600495
|
$710.72 Million |
|
New Trend International Logis-Tech Co Ltd
SHE:300532
|
$710.63 Million |
|
SK Securities Co Ltd Preference Shares
KO:001515
|
$710.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ardmore Shpng's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 635,424,000 to 634,337,000, a change of -1,087,000 (-0.2%).
- Net income of 41,014,000 contributed positively to equity growth.
- Dividend payments of 15,343,000 reduced retained earnings.
- Share repurchases of 30,000,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $41.01 Million | +6.47% |
| Dividends Paid | $15.34 Million | -2.42% |
| Share Repurchases | $30.00 Million | -4.73% |
| Other Changes | $3.24 Million | +0.51% |
| Total Change | $- | -0.17% |
Book Value vs Market Value Analysis
This analysis compares Ardmore Shpng's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.12x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.28x to 1.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | $7.65 | $17.42 | x |
| 2012-12-31 | $13.46 | $17.42 | x |
| 2013-12-31 | $18.98 | $17.42 | x |
| 2014-12-31 | $13.33 | $17.42 | x |
| 2015-12-31 | $13.34 | $17.42 | x |
| 2016-12-31 | $13.41 | $17.42 | x |
| 2017-12-31 | $11.39 | $17.42 | x |
| 2018-12-31 | $10.55 | $17.42 | x |
| 2019-12-31 | $9.85 | $17.42 | x |
| 2020-12-31 | $9.58 | $17.42 | x |
| 2021-12-31 | $9.71 | $17.42 | x |
| 2022-12-31 | $13.20 | $17.42 | x |
| 2023-12-31 | $13.74 | $17.42 | x |
| 2024-12-31 | $15.11 | $17.42 | x |
| 2025-12-31 | $15.54 | $17.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ardmore Shpng utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.47%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.22%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.24x
- Recent ROE (6.47%) is above the historical average (2.62%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | -4.83% | -13.30% | 0.14x | 2.61x | $-9.14 Million |
| 2012 | -4.19% | -18.03% | 0.14x | 1.66x | $-15.38 Million |
| 2013 | -1.65% | -10.71% | 0.10x | 1.54x | $-27.08 Million |
| 2014 | 0.51% | 2.47% | 0.12x | 1.74x | $-31.06 Million |
| 2015 | 9.19% | 20.24% | 0.20x | 2.24x | $-2.81 Million |
| 2016 | 0.93% | 2.28% | 0.19x | 2.19x | $-36.68 Million |
| 2017 | -3.28% | -6.37% | 0.23x | 2.22x | $-50.59 Million |
| 2018 | -12.39% | -20.43% | 0.25x | 2.44x | $-77.60 Million |
| 2019 | -7.01% | -9.94% | 0.30x | 2.37x | $-55.47 Million |
| 2020 | -1.89% | -2.75% | 0.29x | 2.35x | $-38.08 Million |
| 2021 | -11.20% | -19.14% | 0.27x | 2.20x | $-69.73 Million |
| 2022 | 27.34% | 31.06% | 0.62x | 1.43x | $87.81 Million |
| 2023 | 20.33% | 29.50% | 0.57x | 1.20x | $59.36 Million |
| 2024 | 20.93% | 32.78% | 0.58x | 1.11x | $69.46 Million |
| 2025 | 6.47% | 13.22% | 0.39x | 1.24x | $-22.42 Million |
Industry Comparison
This section compares Ardmore Shpng's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $1,140,304,103
- Average return on equity (ROE) among peers: 15.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ardmore Shpng (ASC) | $634.34 Million | -4.83% | 0.24x | $710.78 Million |
| Capital Clean Energy Carriers Corp. (CCEC) | $1.34 Billion | 14.30% | 2.06x | $1.23 Billion |
| C3is Inc. (CISS) | $38.89 Million | 1.42% | 0.02x | $233.37K |
| Costamare Bulkers Holdings Limited (CMDB) | $446.01 Million | 20.28% | 0.95x | $431.49 Million |
| Costamare Inc (CMRE) | $2.44 Billion | 15.81% | 1.17x | $1.54 Billion |
| Castor Maritime Inc (CTRM) | $342.93 Million | 15.24% | 0.35x | $13.14 Million |
| Danaos Corporation (DAC) | $3.80 Billion | 13.03% | 0.35x | $2.59 Billion |
| Diana Shipping Inc. (DSX) | $1.17 Billion | 11.01% | 0.36x | $206.08 Million |
| Okeanis Eco Tankers Corp. (ECO) | $573.09 Million | 21.45% | 1.10x | $2.42 Billion |
| EuroDry Ltd (EDRY) | $113.94 Million | 29.44% | 0.75x | $99.21 Million |
About Ardmore Shpng
Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. The company's fleet consists of 26 vessels, including 25 owned Eco-design vessels and one chartered-in vessels. It serves oil majors, national oil companies, oil and chemical traders, chemical companies, and pooling service providers. The company was founded in 2010 and is headquarte… Read more